Applied Materials, Inc. $AMAT Shares Purchased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors increased its Applied Materials stake by 7.5% in the second quarter, acquiring 3,814 shares for a total holding of 54,921 shares valued at approximately $39.7 million. Institutional investors and hedge funds own 80.56% of AMAT.
• Applied Materials reported quarterly earnings of $3.50 per share on revenue of $9.12 billion, exceeding analyst estimates, while revenue rose 24.8% year over year. The company issued fourth-quarter 2026 EPS guidance of $3.82 to $4.22.
• Analysts maintain a generally positive outlook, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $658.45. However, insiders sold $146.1 million of company stock over the past 90 days, and the shares opened at $468.85.

Sequoia Financial Advisors LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,921 shares of the manufacturing equipment provider's stock after buying an additional 3,814 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Applied Materials were worth $39,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMAT. Caldwell Investment Management Ltd. purchased a new stake in shares of Applied Materials in the 2nd quarter valued at $1,589,000. Ausdal Financial Partners Inc. purchased a new position in shares of Applied Materials during the second quarter worth $4,005,000. Evolve Private Wealth LLC lifted its position in Applied Materials by 59.0% during the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider's stock valued at $983,000 after purchasing an additional 1,067 shares during the period. WealthPlan Investment Management LLC purchased a new stake in Applied Materials in the fourth quarter valued at $1,082,000. Finally, Ameritas Advisory Services LLC grew its position in Applied Materials by 183.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock worth $790,000 after purchasing an additional 1,990 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Materials

In other news, insider Prabu G. Raja sold 10,000 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the sale, the insider owned 346,642 shares of the company's stock, valued at $219,608,106.26. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the transaction, the senior vice president owned 146,916 shares of the company's stock, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 231,692 shares of company stock valued at $146,114,059. Corporate insiders own 0.30% of the company's stock.

Applied Materials Trading Down 0.8%

Shares of NASDAQ:AMAT opened at $468.85 on Thursday. Applied Materials, Inc. has a 1 year low of $162.55 and a 1 year high of $739.67. The firm has a market capitalization of $372.08 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The business's 50 day moving average price is $519.80 and its 200-day moving average price is $463.43.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion during 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 firm's revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Applied Materials from $530.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. B. Riley Financial restated a "buy" rating and issued a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Royal Bank Of Canada lifted their target price on shares of Applied Materials from $520.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Mizuho dropped their price target on shares of Applied Materials from $650.00 to $590.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 25th. Finally, Wolfe Research lifted their price objective on shares of Applied Materials from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $658.45.

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.