52,980 Shares in Applied Materials, Inc. $AMAT Bought by Glenview Trust Co

Glenview Trust Co purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,980 shares of the manufacturing equipment provider's stock, valued at approximately $38,305,000.

Other hedge funds have also modified their holdings of the company. North Star Asset Management Inc. purchased a new position in shares of Applied Materials in the second quarter worth about $793,000. Concorde Asset Management LLC purchased a new stake in Applied Materials in the second quarter valued at approximately $278,000. Maxele Advisors LLC acquired a new position in Applied Materials in the 2nd quarter worth approximately $3,084,000. SwitchPoint Financial Planning LLC purchased a new position in Applied Materials during the 2nd quarter worth approximately $223,000. Finally, Empowered Funds LLC purchased a new position in Applied Materials during the 2nd quarter worth approximately $84,670,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Prabu G. Raja sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the sale, the insider directly owned 356,642 shares of the company's stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary E. Dickerson sold 71,727 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer directly owned 1,695,164 shares of the company's stock, valued at $1,006,503,625. The trade was a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 284,192 shares of company stock valued at $172,625,209 in the last ninety days. Company insiders own 0.30% of the company's stock.

Applied Materials Price Performance

NASDAQ:AMAT opened at $461.67 on Friday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The stock has a market cap of $366.38 billion, a PE ratio of 39.80, a P/E/G ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock has a 50 day moving average price of $550.80 and a 200 day moving average price of $456.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts expect that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 20th. Applied Materials's payout ratio is presently 18.28%.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Semiconductor and AI demand remains strong: Recent coverage highlights Applied Materials’ $9.12 billion third-quarter revenue, up 25% year over year, and non-GAAP EPS of $3.50, up 41%. Management cited record demand visibility from AI infrastructure, more than 10 new fab projects during the quarter and fourth-quarter revenue guidance of $10.25 billion. The company is also continuing share repurchases and investing $5 billion in its EPIC Center to accelerate semiconductor innovation. The AI Buildout Is Turning Applied Materials Into A Profit Machine
• Positive Sentiment: New board member adds semiconductor expertise: AMAT appointed Akash Palkhiwala, Qualcomm’s CFO and COO, to its board and Audit Committee. His finance, operations and industry experience could strengthen oversight as Applied Materials pursues growth tied to advanced logic, memory and AI chip production. Applied Materials Appoints Akash Palkhiwala to Board of Directors
• Neutral Sentiment: Options market signals elevated uncertainty: A new analysis says options pricing for roughly one year ahead implies a particularly wide potential trading range, extending materially below and above the current level. That suggests investors should expect significant volatility rather than providing a clear directional signal. How Far Applied Materials Stock Can Move In A Year
• Negative Sentiment: CFO share sale may weigh modestly on sentiment: CFO Brice Hill sold 7,500 AMAT shares for approximately $3.6 million, reducing his direct holdings by 5.51%. The sale does not alter the company’s operating outlook, but insider selling can create a limited short-term sentiment overhang. SEC Insider Transaction Filing

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMAT. Mizuho cut their price objective on shares of Applied Materials from $650.00 to $590.00 and set an "outperform" rating on the stock in a research note on Tuesday. KeyCorp increased their price target on Applied Materials from $550.00 to $750.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. B. Riley Financial reiterated a "buy" rating and set a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research note on Friday, August 14th. William Blair started coverage on Applied Materials in a research note on Tuesday, August 11th. They issued a "market perform" rating on the stock. Finally, Barclays upped their price objective on Applied Materials from $500.00 to $590.00 and gave the stock an "overweight" rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and an average price target of $657.76.

Applied Materials Company Profile

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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