Applied Materials, Inc. $AMAT Stock Position Decreased by Cohen Capital Management Inc.

Key Points

• Cohen Capital Management reduced its Applied Materials position by 14.1% in the third quarter, selling 15,701 shares and retaining 95,920 shares worth about $49.1 million. AMAT remains the firm’s largest holding, representing roughly 7.3% of its portfolio.
• Institutional investors own 80.56% of Applied Materials, with major firms including State Street, Amundi and Auto Owners Insurance increasing their positions, while company insiders sold 9,225 shares worth approximately $4.45 million over the past 90 days.
• Analysts remain broadly bullish, with the stock carrying a “Moderate Buy” consensus and an average price target of $640.20. Applied Materials recently exceeded earnings and revenue estimates, reporting $3.50 in quarterly EPS and $9.12 billion in revenue.

Cohen Capital Management Inc. reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,920 shares of the manufacturing equipment provider's stock after selling 15,701 shares during the period. Applied Materials accounts for approximately 7.3% of Cohen Capital Management Inc.'s holdings, making the stock its biggest position. Cohen Capital Management Inc.'s holdings in Applied Materials were worth $49,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in 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 worth $50,267,184,000 after buying an additional 32,018,892 shares during the period. Bank of America Corp DE bought a new stake in shares of Applied Materials in the second quarter valued at approximately $5,252,863,000. Auto Owners Insurance Co boosted its position in shares of Applied Materials by 25,824.4% in the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider's stock valued at $86,610,000 after acquiring an additional 3,357,167 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Applied Materials in the second quarter worth $1,512,287,000. Finally, Amundi grew its stake in shares of Applied Materials by 19.0% in the second quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider's stock worth $5,645,344,000 after acquiring an additional 1,246,876 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

More Applied Materials News

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

• Positive Sentiment: Applied Materials highlighted substantial long-term opportunities at its investor day, including plans to gain more than two percentage points of semiconductor-equipment market share by 2030, grow eBeam equipment revenue to $2 billion in 2026 and increase semiconductor services revenue to more than $12 billion by 2030. Cantor Fitzgerald commentary on Applied Materials
• Positive Sentiment: The company’s new $5 billion EPIC Center in Silicon Valley is intended to accelerate semiconductor process and equipment innovation by bringing chipmakers, equipment partners and universities together, supporting future AI-chip demand. Applied Materials EPIC Center announcement
• Positive Sentiment: Cantor Fitzgerald maintained an $850 price target, indicating that it sees significant upside from current levels. Bank of America also recently reiterated a Buy rating with a $650 target. Bank of America rating

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the sale, the chief financial officer directly owned 128,613 shares of the company's stock, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judy Bruner sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the sale, the director directly owned 25,544 shares of the company's stock, valued at approximately $11,877,960. The trade was a 3.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,225 shares of company stock worth $4,454,181 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

AMAT has been the topic of several research analyst reports. Cantor Fitzgerald restated an "outperform" rating on shares of Applied Materials in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research report on Friday, June 26th. Susquehanna increased their target price on shares of Applied Materials from $575.00 to $900.00 and gave the company a "positive" rating in a research note on Tuesday, June 30th. Weiss Ratings cut shares of Applied Materials from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 9th. Finally, Sanford C. Bernstein lifted their target price on Applied Materials from $675.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Applied Materials has an average rating of "Moderate Buy" and an average price target of $640.20.

Applied Materials Stock Performance

NASDAQ AMAT opened at $464.24 on Wednesday. The stock has a market cap of $368.42 billion, a P/E ratio of 40.02, a PEG ratio of 1.38 and a beta of 1.60. The company's 50-day simple moving average is $486.82 and its 200 day simple moving average is $484.20. Applied Materials, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the company earned $2.48 EPS. Applied Materials's 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. As a group, research analysts forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company 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 is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials's payout ratio is 18.28%.

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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