Applied Materials, Inc. $AMAT Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management reduced its Applied Materials position by 20.2% in the second quarter, selling 222,581 shares and retaining 877,158 shares valued at approximately $634.2 million. Institutional investors and hedge funds collectively own 80.56% of AMAT.
• Applied Materials reported strong fiscal third-quarter results, with revenue up 24.8% year over year to $9.12 billion and adjusted EPS of $3.50, both exceeding analyst estimates. Management also issued above-consensus fourth-quarter guidance, supported by AI infrastructure, advanced packaging and memory demand.
• Despite positive earnings and analyst support, AMAT shares traded down 5.1% as investors sought faster growth and clearer margin and competitive advantages; insiders also sold 278,088 shares worth about $169.7 million over the past three months.

TD Asset Management Inc cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,158 shares of the manufacturing equipment provider's stock after selling 222,581 shares during the period. TD Asset Management Inc owned approximately 0.11% of Applied Materials worth $634,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Applied Materials by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider's stock valued at $19,731,523,000 after buying an additional 330,197 shares during the period. Capital Research Global Investors lifted its holdings in Applied Materials by 119.8% in the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock valued at $8,405,458,000 after acquiring an additional 17,829,377 shares during the last quarter. Morgan Stanley grew its position in Applied Materials by 3.4% in the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider's stock worth $2,947,891,000 after acquiring an additional 373,012 shares during the period. Norges Bank acquired a new stake in Applied Materials during the fourth quarter worth $2,858,543,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Applied Materials by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider's stock worth $2,746,769,000 after acquiring an additional 1,558,749 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Applied Materials

In other news, insider Prabu G. Raja sold 10,000 shares of the 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 sale, the insider owned 346,642 shares of the company's stock, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares of the company's stock, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by company insiders.

Key Headlines Impacting Applied Materials

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.

Applied Materials Trading Down 5.1%

AMAT opened at $507.18 on Friday. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $564.15 and a 200-day simple moving average of $444.89. The firm has a market cap of $402.68 billion, a P/E 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 posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 39.58% and a net margin of 30.05%.The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The company's quarterly 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. On average, equities analysts expect that Applied Materials, Inc. will post 12.48 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on AMAT. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $605.00 price target on shares of Applied Materials in a research note on Friday. Morgan Stanley cut their price objective on Applied Materials from $646.00 to $642.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Applied Materials from $515.00 to $660.00 and gave the company an "overweight" rating in a report on Friday. Truist Financial set a $575.00 target price on shares of Applied Materials in a research report on Thursday, May 28th. Finally, Mizuho increased their target price on shares of Applied Materials from $540.00 to $650.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $640.17.

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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