Applied Materials, Inc. $AMAT Shares Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA cut its Applied Materials stake by 7.2% in the second quarter, selling 4,583 shares and retaining 58,701 shares worth approximately $42.4 million. Institutional investors collectively own 80.56% of AMAT.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $603.23. However, insiders sold 278,088 shares worth about $169.7 million over the past 90 days, while some investors have raised valuation and AI-related concerns.
• Applied Materials recently beat quarterly estimates, reporting $2.86 in earnings per share and $7.91 billion in revenue, up 11.4% year over year. The company also declared a quarterly dividend of $0.53 per share, equivalent to a 0.4% annualized yield.

Jacobs & Co. CA reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,701 shares of the manufacturing equipment provider's stock after selling 4,583 shares during the period. Applied Materials accounts for about 3.6% of Jacobs & Co. CA's holdings, making the stock its 4th biggest position. Jacobs & Co. CA's holdings in Applied Materials were worth $42,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC increased its stake in Applied Materials by 59.0% in 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 shares of Applied Materials in the fourth quarter valued at about $1,082,000. Ameritas Advisory Services LLC boosted its stake in shares of Applied Materials by 183.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock worth $790,000 after buying an additional 1,990 shares during the period. Assetmark Inc. boosted its stake in shares of Applied Materials by 9.3% during the fourth quarter. Assetmark Inc. now owns 376,513 shares of the manufacturing equipment provider's stock worth $96,760,000 after buying an additional 32,136 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong grew its holdings in shares of Applied Materials by 204.8% during the fourth quarter. CloudAlpha Capital Management Limited Hong Kong now owns 140,773 shares of the manufacturing equipment provider's stock worth $36,177,000 after buying an additional 94,587 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMAT. Royal Bank Of Canada boosted their price target on Applied Materials from $500.00 to $520.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. HSBC reaffirmed a "buy" rating and set a $683.00 price objective on shares of Applied Materials in a research report on Monday, July 27th. Citigroup reissued a "buy" rating on shares of Applied Materials in a report on Monday, August 3rd. Truist Financial set a $575.00 price target on Applied Materials in a research note on Thursday, May 28th. Finally, Wells Fargo & Company increased their price target on Applied Materials from $715.00 to $740.00 and gave the stock an "overweight" rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $603.23.

Insider Transactions at Applied Materials

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the sale, the director owned 40,559 shares of the company's stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary E. Dickerson sold 71,727 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total value of $42,587,906.25. Following the completion of the sale, the chief executive officer directly owned 1,695,164 shares in the company, valued at $1,006,503,625. This trade represents a 4.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 278,088 shares of company stock worth $169,654,805 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Analysts remain broadly optimistic about AMAT, with consensus price targets implying additional upside. Citi reportedly identified Applied Materials as a top semiconductor pick following the sector’s selloff, while other coverage highlights the company’s strong position in deposition, etch, inspection and wafer-processing equipment. Are Wall Street Analysts Predicting Applied Materials Stock Will Climb or Sink?
• Positive Sentiment: AI infrastructure spending is supporting the outlook for semiconductor manufacturing equipment. A potential Tesla-SpaceX “Terafab” buildout, along with rising demand for AI chips, advanced packaging and memory, could create additional opportunities for Applied Materials. Tesla-SpaceX Terafab Bet
• Positive Sentiment: Expectations for the August 13 report are favorable: analysts anticipate earnings growth and a potential beat. Applied Materials’ previous quarter exceeded consensus on both earnings and revenue, with revenue up 11.4% year over year, providing a constructive comparison for the upcoming release. Applied Materials Reports Next Week
• Neutral Sentiment: Options markets are pricing a potentially large earnings move, reportedly around 11%. That highlights significant event risk: a strong report and outlook could extend the rally, but merely meeting high expectations may not be enough. Options Market and AMAT’s Earnings Move
• Negative Sentiment: Erste Group Bank lowered its rating on AMAT to Hold. The downgrade adds pressure after the stock’s strong rebound and reinforces concerns that substantial AI optimism is already reflected in the valuation. Applied Materials Rating Lowered to Hold
• Negative Sentiment: Investor Michael Burry’s disclosed short positions in AI-linked semiconductor names, including Applied Materials, have revived concerns about an AI-stock reversal and heightened volatility. As Burry Targets AI Chip Names

Applied Materials Stock Up 2.2%

Shares of NASDAQ AMAT opened at $539.14 on Friday. The stock has a market capitalization of $428.06 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The firm has a 50-day moving average price of $559.47 and a 200 day moving average price of $437.71. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 12.17 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. Applied Materials's dividend payout ratio is currently 19.91%.

Applied Materials 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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