Applied Materials, Inc. $AMAT Stock Sold by Bokf Na

Key Points

• Bokf Na reduced its Applied Materials stake by 3.7% in the third quarter, selling 2,661 shares and retaining 69,327 shares valued at approximately $35.5 million. Institutional investors collectively own 80.56% of the company.
• Applied Materials reported quarterly earnings of $3.50 per share on $9.12 billion in revenue, exceeding analyst estimates, while revenue rose 24.8% year over year. The company also declared a quarterly dividend of $0.53 per share, yielding about 0.5%.
• Analyst sentiment remains positive, with 30 Buy ratings and nine Holds and a consensus price target of $632.70; however, company insiders sold 9,225 shares worth $4.45 million during the quarter.

Bokf Na cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,327 shares of the manufacturing equipment provider's stock after selling 2,661 shares during the quarter. Bokf Na's holdings in Applied Materials were worth $35,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harborfront Financial Group LLC acquired a new position in Applied Materials during the 2nd quarter worth approximately $27,000. Financial Freedom LLC acquired a new stake in shares of Applied Materials in the first quarter valued at approximately $28,000. Curry Webb Wealth Management LLC bought a new stake in shares of Applied Materials in the third quarter worth $30,000. Dakota Community Bank & Trust NA bought a new stake in shares of Applied Materials in the third quarter worth $31,000. Finally, Orion Capital Management LLC bought a new stake in shares of Applied Materials in the second quarter worth $33,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Buying and Selling at Applied Materials

In other news, CFO Brice Hill sold 7,500 shares of the business'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 transaction, the chief financial officer directly owned 128,613 shares in the company, valued at $61,637,780.25. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the director directly owned 25,544 shares in the company, valued at approximately $11,877,960. The trade was a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,225 shares of company stock worth $4,454,181 over the last quarter. 0.30% of the stock is currently owned by insiders.

Applied Materials Trading Up 5.1%

Shares of Applied Materials stock opened at $416.00 on Thursday. The stock has a market cap of $330.14 billion, a P/E ratio of 35.86, a P/E/G ratio of 1.05 and a beta of 1.60. 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, Inc. has a 12-month low of $203.40 and a 12-month high of $739.67. The business's 50 day moving average is $461.27 and its 200-day moving average is $442.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business had revenue of $9.12 billion during the quarter, compared to analysts' expectations of $8.99 billion. During the same period last year, the business earned $2.48 earnings per share. The firm'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. Equities research analysts predict 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 dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials's dividend payout ratio is 18.28%.

Analyst Ratings Changes

Several brokerages recently commented on AMAT. Argus set a $600.00 target price on shares of Applied Materials and gave the stock a "buy" rating in a report on Tuesday, August 18th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $600.00 price target on shares of Applied Materials in a research note on Wednesday, October 14th. Mizuho cut their price target on shares of Applied Materials from $650.00 to $590.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 25th. Morgan Stanley cut their price target on shares of Applied Materials from $642.00 to $563.00 and set an "equal weight" rating on the stock in a research report on Monday, September 28th. Finally, Craig Hallum increased their price objective on shares of Applied Materials from $530.00 to $585.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and a consensus price target of $632.70.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Memory shortage supports equipment demand. SK Hynix’s forecast that a memory shortage could persist through 2030 suggests years of additional fab construction and equipment purchases. Applied Materials rose alongside Lam Research and KLA as investors anticipated increased orders from memory manufacturers. Chip Equipment Stocks Rally as SK Hynix Signals Memory Shortage Into 2030
• Positive Sentiment: Expanded BE Semiconductor stake strengthens the AI-packaging strategy. Applied Materials plans to increase its ownership of Dutch equipment maker BE Semiconductor Industries to approximately 20% from 9%, deepening cooperation in hybrid bonding and advanced interconnect technologies used in AI and high-performance-computing chips. Shares in BE Semiconductor jump after Applied Materials raises stake to 20%
• Positive Sentiment: Analysts and industry forecasts remain constructive. Bernstein issued a Buy rating, while analysts expect strong double-digit earnings growth ahead of the company’s fourth-quarter report. A new industry report also projects substantial expansion in epitaxial wafer and chip technology, where Applied Materials is a major participant. Applied Materials receives a Buy from Bernstein
• Neutral Sentiment: Corporate-governance attention is unlikely to materially affect near-term fundamentals. Applied Materials joined other large companies objecting to tokenized versions of their shares offered through OKX and Intercontinental Exchange under an SEC innovation framework.
• Negative Sentiment: Risks remain from China exposure, supply bottlenecks and valuation. Analysts caution that export restrictions and dependence on constrained semiconductor supply chains could limit the rally. AMAT’s recent decline and valuation near 36 times earnings also leave the stock sensitive to any slowdown in AI or memory spending.

Applied Materials 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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