Applied Materials, Inc. $AMAT Shares Sold by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners cut its Applied Materials stake by 71.7% in the second quarter, selling 23,980 shares and retaining 9,442 shares valued at approximately $6.8 million. Institutional investors collectively own 80.56% of AMAT.
• Applied Materials exceeded quarterly expectations with $2.86 EPS and $7.91 billion in revenue, while guiding for third-quarter EPS of $3.16–$3.56. Analysts maintain a “Moderate Buy” consensus with an average price target of $603.23.
• The company declared a quarterly dividend of $0.53, equivalent to a 0.4% yield, while insiders have sold 278,088 shares worth about $169.7 million over the past three months.

KMG Fiduciary Partners LLC cut its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 71.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,442 shares of the manufacturing equipment provider's stock after selling 23,980 shares during the period. KMG Fiduciary Partners LLC's holdings in Applied Materials were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC boosted its stake in Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock worth $725,000 after buying an additional 21 shares during the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of Applied Materials by 0.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,288 shares of the manufacturing equipment provider's stock worth $1,124,000 after acquiring an additional 22 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of Applied Materials by 2.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,040 shares of the manufacturing equipment provider's stock worth $752,000 after acquiring an additional 22 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Applied Materials by 34.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider's stock valued at $67,000 after acquiring an additional 24 shares during the last quarter. Finally, Private Wealth Management Group LLC grew its holdings in shares of Applied Materials by 4.9% in the first quarter. Private Wealth Management Group LLC now owns 531 shares of the manufacturing equipment provider's stock valued at $181,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

Shares of AMAT stock opened at $522.12 on Tuesday. 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 $414.54 billion, a P/E ratio of 49.03, a P/E/G ratio of 1.37 and a beta of 1.61. The firm's 50 day moving average price is $560.75 and its 200-day moving average price is $439.93. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67.

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

Applied Materials Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMAT shares. HSBC restated a "buy" rating and set a $683.00 price objective on shares of Applied Materials in a research report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $400.00 to $515.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. The Goldman Sachs Group restated a "buy" rating and set a $645.00 price target on shares of Applied Materials in a report on Monday, August 3rd. Wolfe Research lifted their price target on shares of Applied Materials from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $525.00 price objective on shares of Applied Materials in a report on Friday, May 15th. One 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's stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of "Moderate Buy" and an average price target of $603.23.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Analysts raised longer-term earnings expectations. An analyst increased the FY2027 EPS forecast, suggesting continued confidence in Applied Materials’ semiconductor-equipment demand and earnings trajectory. FY2027 EPS Forecast for Applied Materials Lifted by Analyst
• Positive Sentiment: AI and data-center investment remain major growth drivers. Applied Materials supplies equipment used to manufacture advanced chips, and potential semiconductor demand from Tesla and SpaceX’s proposed $16.8 billion “Terafab” project could benefit AMAT and other chip-equipment suppliers. The Zacks Analyst Blog Highlights SpaceX, Tesla, KLA Corp, Onto Innovation, Applied Materials and Lam Research
• Positive Sentiment: The investment case includes solid fundamentals and shareholder returns. Coverage highlights AMAT’s AI exposure, broad technology portfolio, strong profitability and dividend history. Its latest reported quarter also exceeded consensus estimates for revenue and EPS, while management provided third-quarter EPS guidance of $3.16 to $3.56. Applied Materials’ dividends: History, yield and payout ratio explained
• Neutral Sentiment: Earnings are the immediate catalyst. Analysts expect approximately $3.39 in Q3 EPS on roughly $9 billion of revenue, while previews emphasize key operating metrics beyond headline results. The stock’s implied earnings move is potentially sizable, increasing short-term volatility. Applied Materials Earnings Preview
• Negative Sentiment: High expectations and valuation leave little room for disappointment. AMAT has rallied significantly over the past year but remains well below its yearly peak. With a reported P/E ratio near 49, investors may be taking profits or reducing exposure ahead of earnings unless the outlook clearly supports current expectations.
• Negative Sentiment: Broader semiconductor-sector volatility is another headwind. Weakness in major equipment stocks, including ASML, following China-related headlines may be weighing on sentiment toward the entire chip-equipment group, even though the recent AMAT coverage is predominantly bullish.

Insider Transactions at Applied Materials

In related news, SVP Omkaram Nalamasu sold 24,263 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the transaction, the insider directly owned 346,642 shares in the company, valued at approximately $219,608,106.26. The trade was a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by corporate insiders.

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.

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