Applied Materials, Inc. $AMAT Shares Acquired by J. Goldman & Co LP

Key Points

• J. Goldman & Co. LP increased its Applied Materials stake by 135.3% in the second quarter, bringing its holdings to 4,843 shares valued at approximately $3.5 million. Institutional investors collectively own 80.56% of AMAT.
• Applied Materials exceeded quarterly expectations with $3.50 adjusted EPS and $9.12 billion in revenue, up 24.8% year over year. The company also declared a quarterly dividend of $0.53 per share, or $2.12 annually.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $657.76, although insider selling and China-related competition and export restrictions remain potential concerns.

J. Goldman & Co LP grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 135.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,843 shares of the manufacturing equipment provider's stock after purchasing an additional 2,785 shares during the quarter. J. Goldman & Co LP's holdings in Applied Materials were worth $3,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMAT. JFS Wealth Advisors LLC raised its holdings in Applied Materials by 4.3% in the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock valued at $296,000 after acquiring an additional 17 shares in the last quarter. Innovative Asset Advisors Group LLC grew its holdings in Applied Materials by 2.1% during the 2nd quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider's stock worth $695,000 after acquiring an additional 20 shares in the last quarter. Stonebridge Financial Group LLC increased its position in shares of Applied Materials by 2.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock valued at $725,000 after purchasing an additional 21 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of 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 valued at $273,000 after purchasing an additional 21 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of Applied Materials by 13.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider's stock valued at $132,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Up 0.5%

Applied Materials stock opened at $482.36 on Friday. The stock has a 50 day moving average of $553.91 and a two-hundred day moving average of $456.73. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67. The stock has a market capitalization of $382.80 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 1.03 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 business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business's revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, research analysts expect that Applied Materials, Inc. will post 12.73 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given 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 yield of 0.4%. Applied Materials's payout ratio is presently 18.28%.

Insider Buying and Selling

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the completion of the transaction, the chief financial officer owned 128,613 shares of the company's stock, valued at approximately $61,637,780.25. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the transaction, the senior vice president directly owned 146,916 shares of the company's stock, valued at $87,184,361.88. The trade was a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 284,192 shares of company stock valued at $172,625,209. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent analyst reports. Argus set a $600.00 price target on Applied Materials in a report on Tuesday, August 18th. Morgan Stanley cut their target price on Applied Materials from $646.00 to $642.00 and set an "equal weight" rating on the stock in a research report on Friday, August 14th. Barclays upped their price target on Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. Cantor Fitzgerald reissued an "overweight" rating on shares of Applied Materials in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Applied Materials from $515.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. 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. According to MarketBeat, Applied Materials has an average rating of "Moderate Buy" and a consensus target price of $657.76.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Qualcomm executive joins the board: Applied Materials appointed Qualcomm CFO and COO Akash Palkhiwala as a director and Audit Committee member. His semiconductor-industry, finance and operating experience could strengthen the board as AMAT targets growth in advanced logic, memory and AI infrastructure. Applied Materials Appoints Akash Palkhiwala to Board of Directors
• Positive Sentiment: AI buildout supports earnings momentum: Recent coverage highlights AMAT’s record quarter-over-quarter revenue increase, with quarterly revenue of $9.12 billion, up 25% year over year, and non-GAAP earnings per share of $3.50, up 41%. Demand is being driven by advanced DRAM, high-bandwidth memory, leading-edge logic and advanced packaging. The AI Buildout Is Turning Applied Materials Into A Profit Machine
• Positive Sentiment: Services business remains healthy: AMAT’s Applied Global Services segment reported record revenue and expanding margins, supported by subscription services, parts demand and increased semiconductor-fab utilization. This recurring revenue stream may help cushion equipment-cycle volatility. AMAT's AGS Business Gains Momentum
• Neutral Sentiment: Analyst upside remains substantial: The average Wall Street price target implies roughly 35% potential upside, although targets are estimates and AMAT’s elevated valuation makes further gains dependent on continued earnings growth. Does Applied Materials Have the Potential to Rally?
• Negative Sentiment: China exposure is a key overhang: New Chinese immersion DUV lithography capabilities and tighter export controls raise concerns about domestic competition and reduced access to China, a significant AMAT market. Applied Materials' China Problem Is Getting Worse
• Negative Sentiment: CFO stock sale adds a minor sentiment concern: CFO Brice Hill sold 7,500 shares worth approximately $3.6 million, reducing his holdings by 5.51%. The transaction does not change AMAT’s fundamentals but may weigh modestly on investor sentiment. SEC Insider Transaction Filing

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.

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