PNC Financial Services Group Inc. Increases Stock Holdings in Applied Materials, Inc. $AMAT

PNC Financial Services Group Inc. raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,604 shares of the manufacturing equipment provider’s stock after acquiring an additional 69,366 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.07% of Applied Materials worth $194,001,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted its holdings in Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after buying an additional 17,829,377 shares in the last quarter. Norges Bank purchased a new stake in shares of Applied Materials during the fourth quarter worth $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Applied Materials by 617.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock valued at $1,869,170,000 after acquiring an additional 7,856,576 shares in the last quarter. Auto Owners Insurance Co boosted its holdings in Applied Materials by 25,824.4% in the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock valued at $86,610,000 after purchasing an additional 3,357,167 shares during the period. Finally, Coatue Management LLC grew its stake in Applied Materials by 78.7% during the 4th quarter. Coatue Management LLC now owns 5,984,332 shares of the manufacturing equipment provider’s stock worth $1,537,913,000 after purchasing an additional 2,635,284 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Susquehanna upped their target price on shares of Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald lifted their price target on shares of Applied Materials from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. KeyCorp boosted their price target on shares of Applied Materials from $550.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Wall Street Zen raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $593.84.

Insider Buying and Selling

In other news, insider Prabu G. Raja sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the sale, the insider directly owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 278,088 shares of company stock valued at $169,654,805 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials benefited from renewed optimism around chipmaking capacity and AI demand after Taiwan Semiconductor raised chipmaking prices and another supplier lifted guidance, reinforcing expectations for continued equipment spending across the sector. Why Applied Materials (AMAT) Stock Is Up Today
• Positive Sentiment: Applied Materials’ installed base services business is generating recurring revenue growth, with Applied Global Services revenue rising year over year, which supports margins and provides more predictable cash flow. Is AMAT’s Installed Base Business Built for Long-Term Growth?
• Positive Sentiment: Technical commentary suggests AMAT may be ripe for a rebound after a short losing streak, indicating some traders see the recent pullback as temporary rather than a change in fundamentals. History Says Applied Materials Stock Looks Ripe for Rebound
• Neutral Sentiment: Some broader market commentary flagged AMAT as a stock to watch, but the article mainly focused on general index leadership and did not point to a new company-specific catalyst. 2 S&P 500 Stocks to Keep an Eye On and 1 We Avoid
• Negative Sentiment: AMAT has also seen near-term weakness after a strong run, with recent sessions showing multiple losses as investors may be locking in gains. History Says Applied Materials Stock Looks Ripe for Rebound
• Negative Sentiment: One recent market recap noted that Applied Materials traded lower versus the broader market, reflecting the stock’s short-term volatility rather than a fundamental deterioration. Applied Materials (AMAT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Applied Materials Stock Performance

Shares of AMAT opened at $553.92 on Thursday. The company has a market capitalization of $439.79 billion, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.57. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $539.78 and a 200 day moving average price of $420.23.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Research analysts predict that Applied Materials, Inc. will post 12.14 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.53 dividend. 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 0.4%. Applied Materials’s payout ratio is 19.91%.

Applied Materials 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.