Alyeska Investment Group L.P. Invests $75.73 Million in Applied Materials, Inc. $AMAT

Key Points

• Alyeska Investment Group acquired a new $75.73 million stake in Applied Materials, purchasing 104,742 shares during the second quarter. Institutional investors collectively own 80.56% of the company.
• Applied Materials reported stronger-than-expected quarterly results, with $3.50 in EPS and $9.12 billion in revenue, up 24.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $657.76.
• Company insiders sold 284,192 shares worth approximately $172.6 million during the latest quarter, while Applied Materials declared a quarterly dividend of $0.53 per share, yielding about 0.5% annually.

Alyeska Investment Group L.P. acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 104,742 shares of the manufacturing equipment provider's stock, valued at approximately $75,728,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC lifted its stake in shares of Applied Materials by 4.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock worth $296,000 after purchasing an additional 17 shares during the period. Innovative Asset Advisors Group LLC lifted its position in Applied Materials by 2.1% during the second quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider's stock worth $695,000 after buying an additional 20 shares during the period. Stonebridge Financial Group LLC lifted its position in Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock worth $725,000 after buying an additional 21 shares during the period. N.E.W. Advisory Services LLC boosted its stake in Applied Materials by 5.9% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider's stock worth $273,000 after buying an additional 21 shares during the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in Applied Materials by 13.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider's stock worth $132,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Insider Buying and Selling at Applied Materials

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the transaction, the senior vice president directly owned 146,916 shares in the company, valued at approximately $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary E. Dickerson sold 71,727 shares of the firm's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the sale, the chief executive officer directly owned 1,695,164 shares of the company's stock, valued at approximately $1,006,503,625. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 284,192 shares of company stock valued at $172,625,209. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMAT. Royal Bank Of Canada upped their price objective on shares of Applied Materials from $520.00 to $600.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Morgan Stanley lowered their target price on shares of Applied Materials from $646.00 to $642.00 and set an "equal weight" rating for the company in a report on Friday, August 14th. KeyCorp upped their price target on shares of Applied Materials from $550.00 to $750.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Seaport Research Partners reaffirmed a "buy" rating and set a $575.00 price target on shares of Applied Materials in a research note on Friday, August 14th. Finally, HSBC reiterated a "buy" rating and issued a $683.00 price target on shares of Applied Materials in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $657.76.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $461.67 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67. The company has a market capitalization of $366.38 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 0.99 and a beta of 1.61. The business has a 50-day moving average of $550.80 and a 200-day moving average of $457.65.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company's revenue was up 24.8% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 12.76 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials's dividend payout ratio (DPR) is currently 18.28%.

Key Applied Materials News

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

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.

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source