Applied Materials, Inc. $AMAT Shares Sold by Guyasuta Investment Advisors Inc.

Key Points

• Guyasuta Investment Advisors cut its Applied Materials stake by 22.6% in the third quarter, selling 24,668 shares and retaining 84,485 shares worth approximately $43.2 million. Institutional investors and hedge funds still own 80.56% of AMAT.
• Applied Materials recently reported quarterly EPS of $3.50 and revenue of $9.12 billion, exceeding analyst expectations, while revenue increased 24.8% year over year. The company also declared a quarterly dividend of $0.53 per share, representing a 0.5% annualized yield.
• Despite a recent stock decline, analysts maintain a “Moderate Buy” consensus with an average price target of $637.14; however, near-term concerns include valuation, execution, and semiconductor-sector volatility.

Guyasuta Investment Advisors Inc. trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 22.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,485 shares of the manufacturing equipment provider's stock after selling 24,668 shares during the period. Applied Materials makes up about 2.5% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 9th largest holding. Guyasuta Investment Advisors Inc.'s holdings in Applied Materials were worth $43,204,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of 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 buying an additional 1,237,685 shares in the last quarter. State Street Corp raised its holdings in shares of Applied Materials by 85.4% in the 2nd quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider's stock valued at $50,267,184,000 after buying an additional 32,018,892 shares during the period. Amundi raised its holdings in shares of Applied Materials by 19.0% in the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider's stock valued at $5,645,344,000 after buying an additional 1,246,876 shares during the period. Van ECK Associates Corp raised its holdings in shares of Applied Materials by 16.2% in the 2nd quarter. Van ECK Associates Corp now owns 7,713,599 shares of the manufacturing equipment provider's stock valued at $5,576,932,000 after buying an additional 1,073,879 shares during the period. Finally, Bank of America Corp DE acquired a new position in Applied Materials during the 2nd quarter worth about $5,252,863,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Down 3.7%

Applied Materials stock opened at $430.01 on Friday. The firm has a market capitalization of $341.26 billion, a P/E ratio of 37.07, a P/E/G ratio of 1.24 and a beta of 1.60. 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, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67. The stock's fifty day simple moving average is $483.12 and its 200-day simple moving average is $485.62.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the business posted $2.48 earnings per share. Applied Materials's revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts expect that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials's dividend payout ratio (DPR) is currently 18.28%.

Insider Activity

In other news, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the completion of the transaction, the chief accounting officer owned 3,181 shares in the company, valued at approximately $1,732,245.36. This trade represents a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director directly owned 25,544 shares of the company's stock, valued at approximately $11,877,960. This represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,225 shares of company stock worth $4,454,181. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMAT. HC Wainwright set a $850.00 target price on Applied Materials in a report on Monday, June 29th. Zacks Research raised Applied Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 1st. Seaport Research Partners reaffirmed a "buy" rating and issued a $575.00 target price (up from $500.00) on shares of Applied Materials in a research report on Friday, August 14th. KeyCorp boosted their price target on shares of Applied Materials from $550.00 to $750.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Finally, Susquehanna increased their price target on shares of Applied Materials from $575.00 to $900.00 and gave the stock a "positive" rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $637.14.

More Applied Materials News

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

• Positive Sentiment: Applied Materials unveiled its approximately $5 billion EPIC Center in Sunnyvale, California, described as the world’s largest semiconductor equipment and process-technology research facility. The center, supported by companies including Intel, Micron, SK hynix, and Samsung, is intended to accelerate chip development and strengthen AMAT’s long-term position in advanced manufacturing. Applied Materials opens $5B semiconductor innovation center
• Positive Sentiment: Royal Bank of Canada reaffirmed an Outperform rating and set a $600 price target. Other coverage highlights AMAT’s fifth consecutive earnings beat, improving earnings estimates, and what analysts view as attractive upside after the stock’s recent decline. Applied Materials could nearly double within 12 months
• Positive Sentiment: AMAT is being cited as a growth-at-a-reasonable-price semiconductor stock, supported by its broad wafer-fabrication equipment portfolio and expected benefits from expanding chip and AI infrastructure capacity. ASML vs. Applied Materials
• Neutral Sentiment: Analyst coverage is mixed: some firms remain bullish, while others are conflicted on the technology sector and AMAT specifically. A report also noted that 31 ETFs added AMAT shares, indicating continued institutional interest but not necessarily a near-term catalyst. Analysts conflicted on technology names
• Negative Sentiment: AMAT’s decline followed a six-session losing streak and weakness across chip stocks. Investor Day disclosures, including the company’s optical-inspection expansion and long-term targets, have not yet overcome investor concerns about near-term execution, elevated valuation, and semiconductor-sector volatility. Applied Materials drops during Investor Day

Applied Materials Company Profile

Applied Materials, Inc is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company's offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.

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