Applied Materials, Inc. $AMAT Shares Sold by Gateway Wealth Partners LLC

Key Points

• Gateway Wealth Partners cut its Applied Materials stake by 38.6% in the second quarter, selling 2,113 shares and retaining 3,367 shares valued at approximately $2.4 million.
• Institutional ownership remains substantial at 80.56%, with major investors including Capital Research Global Investors, Norges Bank and UBS Asset Management increasing their positions.
• Applied Materials reported a strong fiscal third quarter, with revenue up 24.8% year over year to $9.12 billion and adjusted EPS of $3.50, while insiders sold $169.7 million of stock in the latest quarter. Analysts maintain a “Moderate Buy” consensus with an average price target of $640.17.

Gateway Wealth Partners LLC lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 38.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,367 shares of the manufacturing equipment provider's stock after selling 2,113 shares during the quarter. Gateway Wealth Partners LLC's holdings in Applied Materials were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMAT. 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 worth $8,405,458,000 after acquiring an additional 17,829,377 shares during the last quarter. Norges Bank purchased a new position in shares of Applied Materials during the 4th quarter worth approximately $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Applied Materials by 617.2% in the 3rd 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 valued at $1,869,170,000 after purchasing an additional 7,856,576 shares during the last quarter. Auto Owners Insurance Co raised its position in Applied Materials by 25,824.4% in the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider's stock valued at $86,610,000 after purchasing an additional 3,357,167 shares during the period. Finally, Coatue Management LLC raised its position in Applied Materials by 78.7% in 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 purchasing an additional 2,635,284 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the sale, the senior vice president directly owned 134,631 shares in the company, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $735.22, for a total value of $14,704,400.00. Following the transaction, the chief executive officer directly owned 1,599,843 shares of the company's stock, valued at approximately $1,176,236,570.46. This represents a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 278,088 shares of company stock valued at $169,654,805 in the last quarter. Insiders own 0.30% of the company's stock.

Key Applied Materials News

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

• Positive Sentiment: Record quarterly performance: Fiscal Q3 revenue rose 24.8% year over year to $9.12 billion, ahead of the $8.99 billion consensus estimate, while adjusted EPS of $3.50 exceeded expectations. AI infrastructure demand, advanced packaging and memory spending supported growth. Applied Materials Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: Management projected fiscal Q4 revenue of approximately $9.8 billion to $10.8 billion and EPS of $3.82 to $4.22, both above analyst expectations. The company also pointed to stronger systems growth and unusually long customer visibility into fiscal 2027 and beyond. Applied Materials Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Analyst and institutional support: JPMorgan, RBC, TD Cowen, B. Riley, Needham and other firms maintained positive ratings or raised price targets. Soros Capital also reportedly added AMAT among several semiconductor positions, reinforcing the longer-term AI and chip-cycle investment case. Soros Capital Loads Up on Semiconductor Stocks
• Neutral Sentiment: Options imply a possible rebound: Derivatives-market data indicates traders expect the pullback could be temporary, although elevated volatility reflects uncertainty over the stock’s near-term direction. Applied Materials Options Data
• Negative Sentiment: Expectations were exceptionally high: Despite the earnings beat and upbeat guidance, investors wanted faster growth and clearer evidence that AMAT is outpacing rivals in semiconductor manufacturing equipment. Concerns about competition, margins and the pace of systems growth overshadowed the headline results. Applied Materials Slips as Investors Seek Faster Growth
• Negative Sentiment: Broader market pressure added to selling: Weaker July retail-sales data, profit-taking after record highs and a semiconductor-sector selloff weighed on AMAT and other AI-related stocks.

Analyst Ratings Changes

A number of research analysts have commented on AMAT shares. Raymond James Financial set a $650.00 price target on Applied Materials in a research note on Wednesday, June 10th. Barclays boosted their price objective on Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. The Goldman Sachs Group reissued a "buy" rating and set a $645.00 target price on shares of Applied Materials in a research note on Monday, August 3rd. Truist Financial set a $575.00 target price on Applied Materials in a report on Thursday, May 28th. Finally, Citigroup reaffirmed a "buy" rating on shares of Applied Materials in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $640.17.

Applied Materials Trading Down 5.1%

NASDAQ AMAT opened at $507.18 on Friday. The firm's fifty day moving average is $564.15 and its two-hundred day moving average is $444.89. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. The firm has a market cap of $402.68 billion, a PE ratio of 43.72, a P/E/G ratio of 1.28 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released 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 business had revenue of $9.12 billion during the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a return on equity of 39.58% and a net margin of 30.05%.The company's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Analysts expect that Applied Materials, Inc. will post 12.48 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed 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 is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials's dividend payout ratio (DPR) is 19.91%.

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.

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