Applied Materials, Inc. $AMAT Stock Holdings Lowered by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott cut its Applied Materials stake by 14.8% in the second quarter, selling 33,159 shares and retaining 190,753 shares valued at approximately $137.9 million. Institutional investors collectively own 80.56% of the company.
• Applied Materials reported quarterly revenue of $9.12 billion, up 24.8% year over year, and adjusted EPS of $3.50, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $640.17.
• Insiders sold 278,088 shares worth about $169.7 million during the last quarter, while the stock traded at $535.31 with a P/E ratio of 46.15—highlighting strong results but also a premium valuation and potential profit-taking risk.

Janney Montgomery Scott LLC lessened its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,753 shares of the manufacturing equipment provider's stock after selling 33,159 shares during the period. Janney Montgomery Scott LLC's holdings in Applied Materials were worth $137,915,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Seaport Research Partners reaffirmed a "buy" rating and set a $575.00 target price on shares of Applied Materials in a research note on Friday. Argus increased their price target on Applied Materials from $420.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Wall Street Zen raised Applied Materials from a "hold" rating to a "buy" rating in a report on Saturday. Erste Group Bank cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $605.00 price objective on shares of Applied Materials in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $640.17.

Insider Activity

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president directly owned 134,631 shares in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares of the company's stock, valued at $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 278,088 shares of company stock valued at $169,654,805 over the last quarter. Insiders own 0.30% of the company's stock.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $535.31 on Tuesday. The stock has a market cap of $425.01 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 1.25 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The stock's 50 day moving average price is $565.01 and its 200 day moving average price is $447.20.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly 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 company posted $2.48 EPS. The firm's quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 12.48 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's payout ratio is presently 18.28%.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials reported fiscal third-quarter revenue of approximately $9.12 billion, up 24.8% year over year, while adjusted earnings of $3.50 per share exceeded consensus estimates. Management’s fiscal fourth-quarter revenue outlook of roughly $10.25 billion was also well above analyst expectations, signaling continued momentum. AMAT Q2 Deep Dive: AI Demand and Advanced Packaging Drive Guidance Upside, Market Reacts Cautiously
• Positive Sentiment: Several analysts remained constructive: B. Riley and Needham reiterated buy ratings, while price targets were raised to $600 and $660. These revisions reflect confidence in Applied Materials’ earnings growth and exposure to AI-related chip manufacturing. Applied Materials' Buy Rating Reiterated at B. Riley Financial Applied Materials Price Target Raised to $600 Applied Materials Price Target Raised to $660
• Positive Sentiment: Investment commentary highlights AMAT as a potential beneficiary of the AI-driven memory surge. Higher memory spending and advanced semiconductor production could support equipment demand beyond the current earnings cycle. Why Applied Materials Could Be a Major Winner of the AI Memory Surge
• Neutral Sentiment: Market coverage characterizes the earnings report as fundamentally strong but notes that investors reacted cautiously, implying that much of the growth may already be reflected in the share price. Applied Materials: When Beating Wall Street Numbers Isn't Enough
• Negative Sentiment: Despite record results and guidance, AMAT remains more than 25% below its 52-week high and trades at a premium earnings multiple. That valuation raises the risk of profit-taking or disappointment if AI and memory spending slows. Applied Materials Trades More Than 25% Below Its High With Revenue at a Record

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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