Applied Materials, Inc. $AMAT Shares Bought by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Applied Materials stake by 19.8% in the first quarter, purchasing 78,133 additional shares and bringing its holdings to 471,966 shares valued at approximately $161.3 million.
• Institutional ownership remains substantial at 80.56%, while several major funds—including Capital Research Global Investors, Norges Bank and UBS Asset Management—also expanded their positions.
• Analysts maintain a positive outlook, with 28 of 34 analysts rating the stock Buy or Strong Buy and an average price target of $599.19. Applied Materials recently exceeded quarterly earnings and revenue expectations, though insiders have sold roughly $169.7 million of shares over the past 90 days.

Quantinno Capital Management LP raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 471,966 shares of the manufacturing equipment provider's stock after purchasing an additional 78,133 shares during the quarter. Quantinno Capital Management LP owned 0.06% of Applied Materials worth $161,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of Applied Materials by 119.8% in the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock valued at $8,405,458,000 after buying an additional 17,829,377 shares during the period. Norges Bank purchased a new stake in shares of Applied Materials in the fourth quarter worth about $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Applied Materials by 617.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider's stock worth $1,869,170,000 after acquiring an additional 7,856,576 shares during the period. Auto Owners Insurance Co grew its holdings in Applied Materials by 25,824.4% during the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider's stock worth $86,610,000 after acquiring an additional 3,357,167 shares during the period. Finally, Coatue Management LLC raised its position in Applied Materials by 78.7% during the fourth quarter. Coatue Management LLC now owns 5,984,332 shares of the manufacturing equipment provider's stock valued at $1,537,913,000 after acquiring an additional 2,635,284 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMAT shares. TD Cowen boosted their price target on Applied Materials from $525.00 to $700.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Wolfe Research raised their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. KeyCorp lifted their target price on shares of Applied Materials from $550.00 to $750.00 and gave the company an "overweight" rating in a report on Monday, June 29th. HC Wainwright set a $850.00 target price on shares of Applied Materials in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 1st. 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 has an average rating of "Moderate Buy" and an average price target of $599.19.

Insider Buying and Selling

In related news, Director Thomas J. Iannotti sold 9,250 shares of the business's stock in a transaction on 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 sale, the director owned 40,559 shares of the company's stock, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Prabu G. Raja sold 10,000 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the transaction, the insider owned 346,642 shares of the company's stock, valued at $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 278,088 shares of company stock worth $169,654,805 in the last 90 days. 0.30% of the stock is owned by insiders.

Applied Materials Stock Performance

NASDAQ AMAT opened at $516.89 on Tuesday. The stock has a market capitalization of $410.39 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 1.36 and a beta of 1.57. The stock has a 50-day moving average of $546.28 and a 200 day moving average of $425.63. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.Applied Materials's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 12.14 EPS for the current fiscal year.

Applied Materials Announces Dividend

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 paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials's dividend payout ratio (DPR) is currently 19.91%.

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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