Applied Materials' stock fluctuated as holdings shifted among major investors, despite beating earnings estimates.

KBC Group NV recently sold a significant portion of its Applied Materials shares, reducing its ownership by 26.2%, while other firms increased their holdings. Applied Materials reported strong Q1 earnings, surpassing analysts' expectations with $2.39 EPS and $7.10 billion in revenue. The company also announced a quarterly dividend of $0.46, payable on September 11th. Analysts predict a "Moderate Buy" rating with a target price of $200.24.