Billionaire Larry Robbins’ 5 Dividend Stock Picks

In this article, we will take a look at the Billionaire Larry Robbins’ 5 Dividend Stock Picks. For deeper discussion and analysis, read Billionaire Larry Robbins’ 10 Dividend Stock Picks.

Larry Robbins of Glenview Capital

5. Applied Materials, Inc. (NASDAQ:AMAT)

Glenview Capital’s Stake Value: $67,404,064

On June 11, Barclays raised the firm’s price recommendation on Applied Materials, Inc. (NASDAQ:AMAT) to $590 from $500. It reiterated an Overweight rating on the shares. Analyst Tom O’Malley increased his estimates for wafer fab equipment spending, saying the capital expenditure cycle is “much stronger across the board.” According to the analyst, sales exceeding $200 billion appear likely in 2027, though he noted that “the world has moved to 2028 already.”In a research note, O’Malley pointed to growing confidence in the industry’s long-term growth outlook.

A day earlier, on June 10, Cantor Fitzgerald raised its price goal on Applied Materials to $650 from $575. It maintained an Overweight rating on the stock. Cantor believes the semiconductor equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle.” The firm said the outlook has improved over the past three months, with booking visibility now beginning to extend into 2028. According to the analyst, leading-edge foundry and logic investments remain the primary drivers of wafer fab equipment growth. The majority of new wafer start investments in 2026 and 2027 are expected to be tied to AI-driven logic.

Applied Materials, Inc. (NASDAQ:AMAT) is a materials engineering solutions company. It provides equipment, services, and software to the semiconductor, display, and related industries. The company operates through two segments: Semiconductor Systems and Applied Global Services (AGS).