Applied Materials, Inc. $AMAT Shares Purchased by Reynders McVeigh Capital Management LLC

Key Points

• Reynders McVeigh Capital Management increased its Applied Materials stake by 8.2% in the second quarter to 105,987 shares valued at approximately $76.6 million. Institutional investors collectively own 80.56% of AMAT’s outstanding stock.
• Applied Materials reported quarterly revenue of $9.12 billion and earnings of $3.50 per share, exceeding analyst expectations; revenue rose 24.8% year over year. The company provided fourth-quarter 2026 EPS guidance of $3.82 to $4.22.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $658.45. The company also declared a quarterly dividend of $0.53 per share, equivalent to a 0.5% yield.

Reynders McVeigh Capital Management LLC grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,987 shares of the manufacturing equipment provider's stock after purchasing an additional 8,073 shares during the quarter. Applied Materials makes up 3.1% of Reynders McVeigh Capital Management LLC's investment portfolio, making the stock its 11th largest position. Reynders McVeigh Capital Management LLC's holdings in Applied Materials were worth $76,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMAT. BlackRock Inc. lifted its position in Applied Materials by 1.6% in the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider's stock valued at $57,993,650,000 after acquiring an additional 1,237,685 shares during the last quarter. Capital Research Global Investors lifted its position in Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock worth $8,405,458,000 after acquiring an additional 17,829,377 shares during the period. Norges Bank purchased a new position in Applied Materials in the 4th quarter valued at $2,858,543,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Applied Materials by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider's stock valued at $2,746,769,000 after acquiring an additional 1,558,749 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Applied Materials by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 8,945,840 shares of the manufacturing equipment provider's stock valued at $2,298,991,000 after purchasing an additional 681,274 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Trading Down 0.7%

AMAT traded down $3.04 on Tuesday, reaching $421.17. 5,626,247 shares of the company's stock were exchanged, compared to its average volume of 8,040,913. Applied Materials, Inc. has a twelve month low of $171.58 and a twelve month high of $739.67. The company's 50 day moving average is $510.52 and its 200-day moving average is $464.89. The company has a market cap of $334.24 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42.

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 for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the business posted $2.48 EPS. The business's quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.76 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, November 19th. 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%.

Analysts Set New Price Targets

AMAT has been the topic of several recent analyst reports. Argus set a $600.00 target price on shares of Applied Materials in a research report on Tuesday, August 18th. Jefferies Financial Group raised their target price on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a report on Friday, June 26th. TD Cowen restated a "buy" rating and set a $700.00 target price on shares of Applied Materials in a research report on Friday, August 14th. B. Riley Financial reiterated a "buy" rating and issued a $700.00 price target (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Finally, KeyCorp increased their price objective on Applied Materials from $550.00 to $750.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $658.45.

Insider Activity

In other Applied Materials news, Director Judy Bruner sold 1,000 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. The trade was a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brice Hill sold 7,500 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the completion of the transaction, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. This trade represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 96,821 shares of company stock worth $65,944,771. Corporate insiders own 0.30% of the company's stock.

More Applied Materials News

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

• Positive Sentiment: Applied Materials’ Applied Global Services (AGS) business generated a record $1.78 billion in revenue. Rising demand for semiconductor-fab services is expected to support strong AGS growth through 2026 and beyond, providing a recurring-revenue tailwind. Can Applied Materials Sustain Strong AGS Growth Beyond 2026?
• Positive Sentiment: Applied Materials was included among three technology stocks identified by TipRanks analysts as “Strong Buys” with more than 60% potential upside, supporting the view that the recent weakness may offer long-term value. 3 Strong Buy Tech Stocks with 60%+ Upside
• Neutral Sentiment: Analysts are comparing Applied Materials with Qualcomm as a potential 2026 technology investment. The discussion may influence investor positioning but does not introduce a new company-specific catalyst. Applied Materials vs. Qualcomm
• Neutral Sentiment: Coverage comparing Applied Materials with Lam Research notes that both companies benefited from AI-related semiconductor capital spending, while their exposure to ASML and next-generation EUV adoption differs. This frames competitive and cycle-related risks rather than signaling an immediate earnings change. Lam Research vs. Applied Materials
• Negative Sentiment: AMAT shares decreased alongside other semiconductor-equipment stocks after Anthropic’s CEO and other prominent AI executives called for a more deliberate pace in frontier-AI development. Investors feared that slower AI-model expansion could reduce future data-center demand, chip orders and fab-equipment spending. Chip Equipment Stocks Slide as AI Pacing Call Reaches Fab Spending

About Applied Materials

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.

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.