Applied Materials, Inc. $AMAT Stock Position Increased by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its Applied Materials stake by 1,502.4% in the third quarter, adding 5,003 shares to hold 5,336 shares valued at about $2.73 million.
• Institutional investors and hedge funds own 80.56% of AMAT shares. Other firms also reported increasing or initiating positions during the quarter.
• Applied Materials beat quarterly earnings and revenue estimates, reporting EPS of $3.50 and revenue of $9.12 billion; the company also declared a quarterly dividend of $0.53 per share.

Provenance Wealth Advisors LLC increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 1,502.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,336 shares of the manufacturing equipment provider's stock after buying an additional 5,003 shares during the period. Provenance Wealth Advisors LLC's holdings in Applied Materials were worth $2,729,000 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. One Day In July LLC increased its stake in shares of Applied Materials by 3.0% in the third quarter. One Day In July LLC now owns 1,230 shares of the manufacturing equipment provider's stock worth $629,000 after purchasing an additional 36 shares during the period. TrinityBridge Ltd boosted its stake in Applied Materials by 17.2% during the 3rd quarter. TrinityBridge Ltd now owns 6,216 shares of the manufacturing equipment provider's stock valued at $3,180,000 after purchasing an additional 914 shares during the period. Lyell Wealth Management LP boosted its stake in Applied Materials by 3.2% during the 3rd quarter. Lyell Wealth Management LP now owns 1,722 shares of the manufacturing equipment provider's stock valued at $881,000 after purchasing an additional 53 shares during the period. Associated Banc Corp bought a new stake in Applied Materials during the 3rd quarter valued at approximately $1,261,000. Finally, Integrity Alliance LLC. grew its holdings in Applied Materials by 2.8% in the 3rd quarter. Integrity Alliance LLC. now owns 2,590 shares of the manufacturing equipment provider's stock valued at $1,325,000 after buying an additional 71 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 recently reported 41% growth in adjusted earnings per share and 52% growth in DRAM revenue, alongside higher revenue guidance. Ongoing investment in capacity and hybrid bonding technology could support future growth. Article: Did Earnings Growth Just Shift Applied Materials Investment Narrative?
• Neutral Sentiment: Morgan Stanley lowered its price target to $538 from $563 and maintained an Equal Weight/Hold rating. The target remains well above the price cited in the coverage, but the downgrade reflects execution risks and tempered analyst conviction. Article: Applied Materials: Promising Demand Offset by Execution Risks
• Neutral Sentiment: The November 12 earnings report is a near-term focal point: results and guidance could either reassure investors after the selloff or reinforce concerns. Article: Applied Materials Just Dropped 29% In a Month
• Negative Sentiment: AMAT has lost nearly 29% over the past month as semiconductor-equipment shares faced broad selling. Coverage tied a recent chip-sector rout to Intel’s outlook, suggesting industry concerns—not just company-specific news—have weighed on the stock. Article: Applied Materials Sinks in Intel’s Chip Rout

Applied Materials Stock Up 2.0%

Shares of NASDAQ:AMAT opened at $381.92 on Wednesday. Applied Materials, Inc. has a 52 week low of $203.40 and a 52 week high of $739.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The company's fifty day moving average is $453.26 and its 200-day moving average is $444.38. The company has a market capitalization of $303.09 billion, a PE ratio of 32.92, a P/E/G ratio of 0.73 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts predict that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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 0.6%. Applied Materials's payout ratio is 18.28%.

Insiders Place Their Bets

In other Applied Materials news, Director Judy Bruner sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were 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. This represents a 3.77% 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, CAO Adam Sanders sold 725 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the sale, the chief accounting officer directly owned 3,181 shares of the company's stock, valued at approximately $1,732,245.36. The trade was a 18.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 9,225 shares of company stock valued at $4,454,181. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMAT has been the topic of several recent analyst reports. Needham & Company LLC dropped their price target on Applied Materials from $740.00 to $580.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. William Blair assumed coverage on Applied Materials in a report on Tuesday, August 11th. They set a "market perform" rating for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $600.00 price objective on shares of Applied Materials in a research report on Wednesday, October 14th. Bank of America lowered their price objective on shares of Applied Materials from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Finally, HSBC dropped their target price on shares of Applied Materials from $683.00 to $641.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Thirty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and a consensus price target of $632.01.

Applied Materials Company Profile

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company's offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.

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