Allworth Financial LP Trims Stock Holdings in Applied Materials, Inc. $AMAT

Allworth Financial LP cut its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 9.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,923 shares of the manufacturing equipment provider's stock after selling 5,402 shares during the period. Allworth Financial LP's holdings in Applied Materials were worth $38,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials in the fourth quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Applied Materials in the 4th quarter valued at about $26,000. Harborfront Financial Group LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $27,000. Financial Freedom LLC purchased a new stake in shares of Applied Materials in the first quarter worth about $28,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Applied Materials in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Transactions at Applied Materials

In related news, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the transaction, the chief executive officer owned 1,599,843 shares in the company, valued at approximately $1,176,236,570.46. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares of the company's stock, valued at $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 277,820 shares of company stock valued at $169,538,434. 0.30% of the stock is currently owned by company insiders.

Applied Materials Price Performance

NASDAQ:AMAT opened at $492.32 on Monday. The stock has a 50 day moving average of $562.67 and a two-hundred day moving average of $451.92. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The firm has a market cap of $390.71 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20.

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

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's dividend payout ratio (DPR) is currently 18.28%.

Analyst Ratings Changes

AMAT has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $645.00 price target on shares of Applied Materials in a report on Monday, August 3rd. Susquehanna raised their price objective on shares of Applied Materials from $575.00 to $900.00 and gave the stock a "positive" rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Applied Materials in a report on Friday, August 14th. Barclays boosted their target price on shares of Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. Finally, HSBC restated a "buy" rating and set a $683.00 price target on shares of Applied Materials in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Applied Materials has an average rating of "Moderate Buy" and an average price target of $659.83.

Key Applied Materials News

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

• Positive Sentiment: AI demand supports the long-term outlook. JPMorgan reiterated an Overweight rating and estimates semiconductor-systems revenue could grow about 40% this year, with AI-related investment accounting for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
• Positive Sentiment: Advanced packaging and memory opportunities remain catalysts. New equipment launches are strengthening Applied Materials’ position in advanced packaging as demand for high-bandwidth memory (HBM) and semiconductor manufacturing capacity expands. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
• Positive Sentiment: Brokerage coverage remains favorable. Berenberg issued a Buy rating, while broader analyst recommendations continue to point toward adding AMAT to portfolios. However, investors should note that consensus ratings can be overly optimistic because they are based on sell-side opinions. Applied Materials Receives a Buy from Berenberg Bank
• Neutral Sentiment: Fundamentals were stronger than expected, but the market response was weak. Applied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, and exceeded consensus EPS and revenue estimates. Its above-consensus outlook was apparently insufficient to overcome high expectations and valuation concerns. Applied Materials Delivered a Record Quarter. The Stock Fell Anyway
• Negative Sentiment: High-profile bearish positioning is weighing on sentiment. Paul Tudor Jones reportedly liquidated his AMAT common-stock position and increased his put exposure, while Dr. Michael Burry is also betting against the shares. These trades raise concerns about semiconductor-cycle risks and whether future foundry capital spending will meet already elevated expectations. Paul Tudor Jones Liquidated His Applied Materials Stake

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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