Cullinan Associates Inc. Sells 2,986 Shares of Applied Materials, Inc. $AMAT

01 May 2026, 04:37 by Amy Steele · The Cerbat Gem

Cullinan Associates Inc. lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 58,988 shares of the manufacturing equipment provider’s stock after selling 2,986 shares during the period. Applied Materials makes up approximately 1.0% of Cullinan Associates Inc.’s holdings, making the stock its 26th biggest holding. Cullinan Associates Inc.’s holdings in Applied Materials were worth $15,159,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Capital Research Global Investors grew its position in shares of Applied Materials by 225.4% during the 3rd quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock worth $3,046,057,000 after buying an additional 10,305,182 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Applied Materials by 617.2% during the 3rd 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 worth $1,869,170,000 after buying an additional 7,856,576 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Applied Materials by 40.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock worth $2,563,376,000 after buying an additional 3,583,751 shares in the last quarter. Coatue Management LLC bought a new position in shares of Applied Materials during the 3rd quarter worth $685,684,000. Finally, Sanders Capital LLC grew its position in shares of Applied Materials by 42.6% during the 3rd quarter. Sanders Capital LLC now owns 10,978,990 shares of the manufacturing equipment provider’s stock worth $2,247,838,000 after buying an additional 3,280,730 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Trending Headlines about Applied Materials

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

Positive Sentiment: Erste Group upgraded AMAT to Buy, citing continued AI-driven semiconductor investment and positioning Applied as a primary beneficiary of advanced-node equipment demand. This supports the bull case and likely helps near-term share gains. Erste Group Upgrades Applied Materials
Positive Sentiment: Erste analysts also nudged FY2026–FY2027 EPS estimates slightly higher (FY2026 to ~$11.08 and FY2027 to ~$14.00), signaling improved earnings trajectory vs. prior forecasts and reinforcing buy-side interest. (Market commentary)
Positive Sentiment: Jim Cramer mentioned AMAT as one of the attractive capex-exposed names on Mad Money, increasing retail/institutional visibility and potentially lifting demand from momentum traders. Jim Cramer Considers Applied Materials
Neutral Sentiment: Recent valuation checks and coverage note that AMAT has outperformed YTD and over recent months; investors are reassessing valuation vs. growth, which could support further multiple expansion if growth persists or cap expectations cool if not. Applied Materials Valuation Check
Neutral Sentiment: AMAT remains a trending stock on investor screens (coverage from Zacks highlights interest drivers and risks) — increased attention can amplify moves both directions. Zacks: Why AMAT is Trending
Negative Sentiment: The U.S. Commerce Department ordered restrictions that pause certain tool shipments to Chinese foundry Hua Hong, increasing regulatory risk and potential near-term revenue pressure from China exposure. This is the primary near-term headwind to watch. US Export Curbs On Hua Hong
Negative Sentiment: Zacks downgraded AMAT from “strong-buy” to “hold”, which could temper some buy-side momentum and suggests caution among certain retail-focused analysts. Zacks Downgrade

Applied Materials Price Performance

Shares of AMAT stock opened at $394.49 on Friday. Applied Materials, Inc. has a 1-year low of $148.74 and a 1-year high of $420.50. The stock’s 50-day moving average is $368.64 and its 200 day moving average is $305.94. The company has a market cap of $313.07 billion, a P/E ratio of 40.38, a PEG ratio of 1.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Research analysts predict that Applied Materials, Inc. will post 11.11 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s dividend payout ratio is 18.83%.

Insider Activity at Applied Materials

In related news, Director Judy Bruner sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $391.71, for a total transaction of $979,275.00. Following the sale, the director owned 26,089 shares of the company’s stock, valued at $10,219,322.19. This trade represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brice Hill sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $361.21, for a total value of $1,806,050.00. Following the sale, the chief financial officer directly owned 138,565 shares in the company, valued at approximately $50,051,063.65. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,003 shares of company stock valued at $4,484,189 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMAT. KeyCorp increased their price target on Applied Materials from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Susquehanna increased their price target on Applied Materials from $435.00 to $500.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. Royal Bank Of Canada set a $430.00 price target on Applied Materials in a research report on Friday, February 13th. Stifel Nicolaus increased their price target on Applied Materials from $340.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Materials in a research report on Friday, March 27th. Twenty-seven analysts have rated the stock with a Buy rating and seven 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 an average price target of $368.29.

View Our Latest Stock Report on Applied Materials

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.