Blackrock Adds $3B in Applied Materials, Inc. ($AMAT)
BlackRock added 3.7 million shares to its Applied Materials position, now valued at $43.6 billion.
Key Points
- BlackRock boosted its stake in Applied Materials by 4.9%, adding 3.7 million shares for a total of 78.9 million shares.
- Applied Materials trades at $552.5 with a market cap of $450.4 billion and a P/E ratio of 53.46.
- Insider sales include Raja Prabu selling 50,000 shares, and analysts maintain a strong buy consensus with a target price of $517.28.
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BlackRock has increased its stake in Applied Materials, Inc. (NasdaqGS: AMAT) according to its latest 13F filing with the SEC. The investment giant added 3,715,744 shares, boosting its holdings by 4.9% to a total of 78,974,833 shares. This position is now valued at approximately $43.6 billion, as of the end of the reporting period.
What Changed in BlackRock's Applied Materials Position
BlackRock's recent filing reveals a substantial boost in its holdings of Applied Materials. The fund added about 3.7 million shares, growing its stake from 75,259,089 shares to 78,974,833 shares. This 4.9% increase reflects a strong confidence in the company's prospects, with the total value of the position reaching $43.6 billion.
Other Institutional Activity in Applied Materials
Several other major funds have also adjusted their positions in Applied Materials. Vanguard Capital Management LLC holds 51,577,799 shares valued at $17.6 billion. State Street Corp reduced its holdings by 423,673 shares, bringing its total to 37,506,950 shares worth $12.8 billion. Geode Capital Management, LLC increased its position by 3,313,100 shares, now owning 21,921,798 shares valued at $7.5 billion. Meanwhile, Capital Research Global Investors trimmed its stake by 3,251,625 shares, ending with 29,455,424 shares worth $10.1 billion.
Applied Materials, Inc. Stock Up 51.5%
Shares of Applied Materials (NasdaqGS: AMAT) are trading at around $552.5. The company has a market cap of $450.4 billion and a P/E ratio of 53.46. Its forward P/E is 34.89, with a beta of 1.672. The stock's 52-week range is between $154.47 and $569.95. The 50-day moving average stands at $427.21, while the 200-day moving average is $309.24. The company maintains a current ratio of 2.51 and a quick ratio of 1.62, with a debt-to-equity ratio of 30.40.
$AMAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Applied Materials reported revenue of $29.02 billion, showing a growth of 11.4%. The company's net margin is 29.31%, and it achieved a return on equity of 39.69%. Earnings per share were noted at $10.61. The next earnings report is expected on August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
20 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.9%. Revenue beat estimates by 12.9%.
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Profit surprise
EBITDA beat by 52 percent. Operating income beat by 24 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
20 target raises.
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Earnings quality
Gross margin up 0.8 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Applied Materials delivered record revenue of $7.91 billion this quarter driven by strong artificial intelligence infrastructure demand. The company sees its highest gross margin in over 25 years at 50 percent. Management highlighted that artificial intelligence is diversifying beyond training into new areas like agentic applications, which increases demand for memory and processors, and they expect continued strong growth into 2027 and beyond as customers build new factories.
Guidance Applied expects about $8.95 billion in revenue next quarter, up nearly 23 percent from last year. The company expects earnings per share of $3.36, up nearly 36 percent. Management raised its full-year equipment growth outlook to more than 30 percent as artificial intelligence demand accelerates and customers add production capacity.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Applied Materials offers a dividend rate of $2.12 per share, yielding 0.37%. The dividend payout ratio is 17.31%.
Insider Buying and Selling at Applied Materials, Inc.
Recent insider transactions show several sales. On June 4, 2026, Raja Prabu, President of the Semiconductor Products Group, sold 50,000 shares. On June 3, 2026, SVP and CFO Brice Hill sold 2,500 shares. Other sales include Judy Bruner selling 1,128 shares on May 26, 2026, and Adam Sanders, Corporate Controller & CAO, selling 268 shares on May 22, 2026.
Analysts Set New Price Targets
Analysts have recently reaffirmed their positive outlook on Applied Materials. On June 11, 2026, Barclays maintained a 'buy' rating with a $590 price target. UBS and Cantor Fitzgerald also kept their 'buy' ratings with targets of $570 and $650 respectively on June 10, 2026. The consensus among 36 analysts remains a 'strong buy', with a mean target price of $517.28.
About Applied Materials
Applied Materials, Inc. provides materials engineering solutions for the semiconductor industry. Headquartered in Santa Clara, California, the company offers equipment, services, and software to chipmakers worldwide. Led by CEO Gary E. Dickerson, Applied Materials operates through two main segments: Semiconductor Systems and Applied Global Services. With 36,400 employees, the company plays a key role in the manufacturing of semiconductor wafers and electronic devices.
Bottom Line
BlackRock's increased stake in Applied Materials underscores the fund's confidence in the company's future. While 13F filings are backward-looking, they offer insight into institutional sentiment. Investors often track these filings to gauge how major funds are positioning themselves in the market.
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