Applied Materials, Inc. $AMAT Holdings Lowered by AlTi Global Inc.

Key Points

• AlTi Global cut its Applied Materials stake by 23.5% in the second quarter, selling 3,193 shares and retaining 10,397 shares valued at approximately $7.5 million. Institutional investors still own 80.56% of AMAT.
• Applied Materials reported quarterly revenue of $9.12 billion and EPS of $3.50, exceeding analyst expectations, while revenue rose 24.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $640.17.
• The company declared a quarterly dividend of $0.53 per share, representing an annualized yield of 0.4%. Meanwhile, insiders sold 278,088 shares worth approximately $169.7 million over the past 90 days.

AlTi Global Inc. lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,397 shares of the manufacturing equipment provider's stock after selling 3,193 shares during the period. AlTi Global Inc.'s holdings in Applied Materials were worth $7,517,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMAT. Advisor OS LLC lifted its stake in shares of Applied Materials by 9.2% in the 2nd quarter. Advisor OS LLC now owns 2,922 shares of the manufacturing equipment provider's stock valued at $2,113,000 after purchasing an additional 246 shares during the last quarter. NorthStar Asset Management LLC NJ bought a new position in Applied Materials during the second quarter worth $369,000. Convergence Financial LLC raised its stake in Applied Materials by 98.4% during the 2nd quarter. Convergence Financial LLC now owns 1,710 shares of the manufacturing equipment provider's stock valued at $1,236,000 after purchasing an additional 848 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in Applied Materials by 29.2% in the 2nd quarter. Gryphon Financial Partners LLC now owns 4,050 shares of the manufacturing equipment provider's stock valued at $2,928,000 after purchasing an additional 915 shares during the period. Finally, KBC Group NV boosted its holdings in Applied Materials by 247.3% in the 2nd quarter. KBC Group NV now owns 1,249,386 shares of the manufacturing equipment provider's stock valued at $903,306,000 after purchasing an additional 889,623 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMAT. Truist Financial set a $575.00 target price on shares of Applied Materials in a research report on Thursday, May 28th. Wells Fargo & Company upped their price target on Applied Materials from $715.00 to $740.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. B. Riley Financial reiterated a "buy" rating and set a $700.00 target price (down from $790.00) on shares of Applied Materials in a research report on Friday. Wolfe Research upped their price objective on Applied Materials from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Finally, Raymond James Financial set a $650.00 target price on Applied Materials in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $640.17.

Applied Materials Trading Up 5.5%

Shares of NASDAQ:AMAT opened at $535.31 on Tuesday. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67. The company has a 50-day simple moving average of $565.01 and a 200 day simple moving average of $447.20. 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 company has a market capitalization of $425.01 billion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its 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 company had revenue of $9.12 billion during the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. Applied Materials's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts forecast that Applied Materials, Inc. will post 12.48 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials's dividend payout ratio is presently 18.28%.

More Applied Materials News

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

• Positive Sentiment: Applied Materials reported fiscal third-quarter revenue of approximately $9.12 billion, up 24.8% year over year, while adjusted earnings of $3.50 per share exceeded consensus estimates. Management’s fiscal fourth-quarter revenue outlook of roughly $10.25 billion was also well above analyst expectations, signaling continued momentum. AMAT Q2 Deep Dive: AI Demand and Advanced Packaging Drive Guidance Upside, Market Reacts Cautiously
• Positive Sentiment: Several analysts remained constructive: B. Riley and Needham reiterated buy ratings, while price targets were raised to $600 and $660. These revisions reflect confidence in Applied Materials’ earnings growth and exposure to AI-related chip manufacturing. Applied Materials' Buy Rating Reiterated at B. Riley Financial Applied Materials Price Target Raised to $600 Applied Materials Price Target Raised to $660
• Positive Sentiment: Investment commentary highlights AMAT as a potential beneficiary of the AI-driven memory surge. Higher memory spending and advanced semiconductor production could support equipment demand beyond the current earnings cycle. Why Applied Materials Could Be a Major Winner of the AI Memory Surge
• Neutral Sentiment: Market coverage characterizes the earnings report as fundamentally strong but notes that investors reacted cautiously, implying that much of the growth may already be reflected in the share price. Applied Materials: When Beating Wall Street Numbers Isn't Enough
• Negative Sentiment: Despite record results and guidance, AMAT remains more than 25% below its 52-week high and trades at a premium earnings multiple. That valuation raises the risk of profit-taking or disappointment if AI and memory spending slows. Applied Materials Trades More Than 25% Below Its High With Revenue at a Record

Insider Buying and Selling

In other news, CEO Gary E. Dickerson sold 71,727 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total value of $42,587,906.25. Following the sale, the chief executive officer directly owned 1,695,164 shares in the company, valued at approximately $1,006,503,625. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the transaction, the director owned 40,559 shares of the company's stock, valued at $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by company insiders.

About Applied Materials

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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