Boomfish Wealth Group LLC Lowers Holdings in Applied Materials, Inc. $AMAT

28 Jun 2026, 08:21 by Tristan Rich · The Markets Daily

Boomfish Wealth Group LLC reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 28.8% in the 1st quarter, Holdings Channel reports. The fund owned 10,830 shares of the manufacturing equipment provider’s stock after selling 4,387 shares during the period. Applied Materials makes up 2.0% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 12th largest position. Boomfish Wealth Group LLC’s holdings in Applied Materials were worth $3,701,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMAT. Vanguard Group Inc. lifted its stake in shares of Applied Materials by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock valued at $19,731,523,000 after purchasing an additional 330,197 shares during the period. Capital Research Global Investors grew its position in Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after buying an additional 17,829,377 shares during the period. Ameriprise Financial Inc. increased its holdings in Applied Materials by 40.1% in the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after buying an additional 3,583,751 shares in the last quarter. Morgan Stanley raised its position in shares of Applied Materials by 3.4% in the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock worth $2,947,891,000 after acquiring an additional 373,012 shares during the period. Finally, Norges Bank purchased a new stake in shares of Applied Materials during the 4th quarter worth about $2,858,543,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $626.84 on Friday. The stock has a market capitalization of $497.69 billion, a P/E ratio of 58.86, a PEG ratio of 1.74 and a beta of 1.67. The business has a 50 day simple moving average of $473.54 and a two-hundred day simple moving average of $377.36. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $669.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same period in the prior year, the company earned $2.39 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, analysts predict that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

More Applied Materials News

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

Positive Sentiment: Applied Materials introduced new systems for DRAM and advanced packaging, expanding its role in AI chip manufacturing and potentially boosting future demand. Applied Materials Introduces New Systems to Accelerate DRAM and Advanced Packaging for AI Chips
Positive Sentiment: Analysts said AMAT’s event highlighted strong opportunities in DRAM and advanced packaging, reinforcing the company’s AI-driven growth narrative. Applied Materials’ event focuses on DRAM, and advanced packaging: analysts
Positive Sentiment: Wall Street commentary remains constructive, with analysts still confident in Applied Materials’ strong competitive position. AMAT stock gets thumbs up from Wall Street – analysts remain confident about Applied Materials’ strong market position
Neutral Sentiment: Some coverage suggests the stock may be looking expensive after its recent rally, which could limit near-term upside even if the long-term AI story stays intact. Applied Materials stock looks pricey—can AI demand justify the rally?
Neutral Sentiment: One analysis noted that Applied Materials’ aggressive investment strategy may pressure cash flow in the near term, even though it supports longer-term growth. Can AMAT’s Investment Strategy Lift Future Cash Flow Growth?

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMAT shares. Wells Fargo & Company lifted their price target on Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America increased their price target on Applied Materials from $540.00 to $720.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Mizuho boosted their price objective on Applied Materials from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $525.00 target price on shares of Applied Materials in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on Applied Materials from $400.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.19.

Check Out Our Latest Stock Analysis on AMAT

Insider Activity at Applied Materials

In other news, insider Prabu G. Raja sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at $219,608,106.26. The trade was a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the stock in a transaction that occurred 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 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 represents a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 199,767 shares of company stock worth $114,104,709 in the last 90 days. 0.30% of the stock is owned by insiders.

Applied Materials Profile

(Free Report)

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.

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