Park National Corp OH Has $339,000 Position in Applied Materials, Inc. $AMAT

Park National Corp OH cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 62.7% in the first quarter, HoldingsChannel.com reports. The fund owned 993 shares of the manufacturing equipment provider’s stock after selling 1,667 shares during the period. Park National Corp OH’s holdings in Applied Materials were worth $339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Uhlmann Price Securities LLC grew its holdings in Applied Materials by 8.3% during the first quarter. Uhlmann Price Securities LLC now owns 2,115 shares of the manufacturing equipment provider’s stock valued at $728,000 after purchasing an additional 162 shares during the period. ARS Investment Partners LLC boosted its position in shares of Applied Materials by 10.7% during the first quarter. ARS Investment Partners LLC now owns 21,046 shares of the manufacturing equipment provider’s stock worth $7,193,000 after purchasing an additional 2,027 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Applied Materials by 20.3% in the 1st quarter. Diversified Trust Co now owns 36,592 shares of the manufacturing equipment provider’s stock valued at $12,507,000 after buying an additional 6,174 shares during the period. Westmount Partners LLC bought a new stake in shares of Applied Materials in the 1st quarter valued at $227,000. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Applied Materials by 0.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 5,652 shares of the manufacturing equipment provider’s stock valued at $1,932,000 after buying an additional 43 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

More Applied Materials News

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Citi raised its price target on Applied Materials to $710 from $550 and kept a Buy rating, signaling stronger confidence in the semiconductor equipment maker’s outlook. A Growing Supply Gap Has Analysts Eyeing Applied Materials (AMAT)
• Positive Sentiment: Reuters reported that Applied Materials signed a long-term deal with EssilorLuxottica to develop augmented-reality display technology and AI glasses, expanding its opportunity in emerging wearable and AI-related markets. Applied Materials (AMAT) and EssilorLuxottica Sign Long-Term Deal, Reuters Reports
• Positive Sentiment: Recent commentary says AI demand may help justify AMAT’s premium valuation, with investors focusing on the company’s role in semiconductor and AI infrastructure spending. Applied Materials Is Now More Expensive Than Its Dot-Com Era Peak. AI Demand Justifies the AMAT Stock Valuation.
• Neutral Sentiment: Insider Prabu G. Raja sold 10,000 shares, a routine filing that may draw attention but does not necessarily indicate a change in the company’s fundamentals. SEC Form 4 filing
• Negative Sentiment: Some articles highlighted concerns that AMAT’s valuation is becoming stretched, which could limit near-term upside if growth expectations cool. Applied Materials Stock Looks Pricey—Can AI Demand Justify the Rally?

Insider Activity

In other news, SVP Timothy M. Deane sold 8,621 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary E. Dickerson sold 71,727 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer owned 1,695,164 shares of the company’s stock, valued at $1,006,503,625. The trade was a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 199,767 shares of company stock worth $114,104,709. 0.30% of the stock is currently owned by insiders.

Applied Materials Price Performance

AMAT stock opened at $640.18 on Tuesday. The stock has a 50-day moving average price of $455.89 and a two-hundred day moving average price of $368.31. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $641.18. The stock has a market cap of $508.28 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 1.72 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.3%. Applied Materials’s dividend payout ratio is 19.91%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Applied Materials from $520.00 to $715.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group increased their price target on Applied Materials from $390.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Barclays raised their price target on Applied Materials from $500.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $525.00 price objective on shares of Applied Materials in a research report on Friday, May 15th. Finally, Wolfe Research increased their target price on Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $495.45.

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.