Applied Materials, Inc. $AMAT is Maytus Capital Management LLC's 5th Largest Position

Key Points

• Maytus Capital Management boosted its stake in Applied Materials by 446.2% in the fourth quarter, making AMAT its 5th largest holding at about $18.2 million.
• Applied Materials is seeing several growth-oriented developments, including a joint project with EssilorLuxottica on AR/AI smart eyewear optics, new chip-making deposition and etch systems, and a $500 million Singapore facility to expand capacity.
• The company reported better-than-expected quarterly results with EPS of $2.86 and revenue of $7.91 billion, and analysts have been raising targets; however, some commentary says the stock’s valuation may be stretched after its strong rally.

Maytus Capital Management LLC lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 446.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,000 shares of the manufacturing equipment provider's stock after buying an additional 58,000 shares during the quarter. Applied Materials makes up approximately 4.3% of Maytus Capital Management LLC's investment portfolio, making the stock its 5th largest position. Maytus Capital Management LLC's holdings in Applied Materials were worth $18,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tradition Wealth Management LLC lifted its holdings in Applied Materials by 3.1% during the fourth quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider's stock valued at $265,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its stake in Applied Materials by 1.4% in the 4th quarter. Hoxton Planning & Management LLC now owns 2,208 shares of the manufacturing equipment provider's stock valued at $567,000 after buying an additional 31 shares in the last quarter. Godsey & Gibb Inc. boosted its holdings in Applied Materials by 2.6% in the 4th quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider's stock worth $334,000 after buying an additional 33 shares during the last quarter. Family Capital Management Inc. boosted its holdings in Applied Materials by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider's stock worth $1,086,000 after buying an additional 33 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in Applied Materials by 0.7% during the 4th quarter. Denali Advisors LLC now owns 4,582 shares of the manufacturing equipment provider's stock worth $1,178,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials News Summary

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

• Positive Sentiment: Applied Materials announced a long-term joint development agreement with EssilorLuxottica to co-develop AR and AI-powered smart eyewear optics, opening a new growth angle beyond its core semiconductor equipment business. Article Title
• Positive Sentiment: The company also unveiled new deposition and selective etch systems designed to improve precision in 3D chip structures, a development aimed at boosting performance and yield for AI chips. Article Title
• Positive Sentiment: Applied Materials opened a new $500 million manufacturing facility in Singapore, signaling continued investment to expand capacity and support demand tied to AI-driven semiconductor equipment growth. Article Title
• Positive Sentiment: Barclays and Cantor Fitzgerald raised their price targets on AMAT, reinforcing bullish sentiment around wafer fab equipment spending and the company’s earnings outlook. Article Title
• Neutral Sentiment: Some commentary noted that AMAT’s valuation has become stretched after a strong rally, which may limit upside even as fundamentals remain solid. Article Title
• Negative Sentiment: One market note said AMAT slipped despite the EssilorLuxottica deal, suggesting investors may be taking profits or waiting for clearer near-term financial impact from the partnership. Article Title

Insider Activity

In related news, CFO Brice Hill sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $498.86, for a total value of $1,247,150.00. Following the transaction, the chief financial officer directly owned 136,113 shares in the company, valued at approximately $67,901,331.18. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judy Bruner sold 1,128 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $450.00, for a total value of $507,600.00. Following the completion of the transaction, the director owned 26,544 shares of the company's stock, valued at $11,944,800. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,896 shares of company stock worth $27,135,121 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Applied Materials Stock Down 3.0%

Shares of AMAT opened at $568.23 on Wednesday. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $600.91. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $436.36 and a two-hundred day simple moving average of $358.14. The company has a market capitalization of $451.15 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 1.63 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $7.68 billion. During the same quarter in the previous year, the company posted $2.39 EPS. The company's revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued 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 0.4%. Applied Materials's dividend payout ratio (DPR) is currently 19.91%.

Wall Street Analyst Weigh In

AMAT has been the topic of several research reports. KeyCorp raised their target price on Applied Materials from $450.00 to $550.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Applied Materials from $450.00 to $550.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Stifel Nicolaus set a $530.00 price objective on Applied Materials in a research note on Friday, May 15th. Cantor Fitzgerald lifted their target price on shares of Applied Materials from $575.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised shares of Applied Materials from a "hold" rating to a "buy" rating in a report on Saturday, May 23rd. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $483.03.

Applied Materials 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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