Applied Materials, Inc. $AMAT Stock Sold by Monument Capital Management

Key Points

• Monument Capital Management reduced its Applied Materials stake by 83.2% in the third quarter, selling 9,747 shares and retaining 1,966 shares worth about $1.0 million. Institutional investors collectively own 80.56% of AMAT.
• Applied Materials reported quarterly revenue of $9.12 billion and EPS of $3.50, exceeding analyst estimates, while revenue increased 24.8% year over year. AI-driven semiconductor demand, UCLA research collaboration and momentum in its Applied Global Services business support the growth outlook.
• AMAT shares opened at $509.57 and were down 2.1%, despite a “Moderate Buy” consensus rating and an average analyst price target of $640.20. Recent insider sales and the stock’s elevated valuation remain potential investor concerns.

Monument Capital Management cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 83.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,966 shares of the manufacturing equipment provider's stock after selling 9,747 shares during the quarter. Monument Capital Management's holdings in Applied Materials were worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMAT. Pacifica Partners Inc. raised its position in shares of Applied Materials by 1.4% in the third quarter. Pacifica Partners Inc. now owns 30,060 shares of the manufacturing equipment provider's stock worth $15,903,000 after buying an additional 423 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Applied Materials by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 234,612 shares of the manufacturing equipment provider's stock valued at $119,976,000 after buying an additional 3,400 shares in the last quarter. Diversified Management Inc. increased its stake in Applied Materials by 1.3% in the third quarter. Diversified Management Inc. now owns 2,912 shares of the manufacturing equipment provider's stock valued at $1,489,000 after acquiring an additional 37 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Applied Materials by 2.0% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 13,749 shares of the manufacturing equipment provider's stock valued at $7,031,000 after purchasing an additional 267 shares during the last quarter. Finally, Bell Asset Management Ltd lifted its position in Applied Materials by 48.8% in the 3rd quarter. Bell Asset Management Ltd now owns 6,928 shares of the manufacturing equipment provider's stock worth $3,543,000 after buying an additional 2,271 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials News Summary

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

• Positive Sentiment: AI and semiconductor demand remain key growth drivers. Applied Materials is highlighted alongside NVIDIA, TSMC and Lam Research as a chip-industry company with dependable earnings and exposure to sustained AI-related demand. Its revenue trajectory has also recently strengthened relative to Qualcomm and Marvell Technology. 4 Top Chip Stocks With Dependable Earnings to Ride the AI Boom
• Positive Sentiment: Applied Materials expanded its semiconductor research partnership with UCLA Engineering. The collaboration at the EPIC Center is intended to accelerate the path from semiconductor breakthroughs to commercial manufacturing, potentially supporting future equipment demand and technology leadership. Applied Materials and UCLA Engineering Accelerate Semiconductor Innovation at the EPIC Center
• Positive Sentiment: The company’s Applied Global Services business is showing momentum. AI-enabled services, recurring revenue and continued demand from semiconductor fabs could support AGS growth through 2030, improving the stability of Applied Materials’ revenue mix. Can Applied Materials Sustain Momentum in Its AGS Business?
• Neutral Sentiment: TSMC’s proposed capital spending of up to $64 billion could benefit equipment suppliers such as Applied Materials, though an industry veteran argued that spending may still be insufficient for expected chip demand. TSMC Plans Up to $64 Billion in Capex
• Negative Sentiment: Insider selling added near-term pressure. A report attributed the stock’s weakness partly to sales by company insiders, which can raise concerns about management confidence even when the transactions are not necessarily tied to a change in fundamentals. Applied Materials Stock Falls After Insider Selling
• Negative Sentiment: Applied Materials suffered a larger decline than the general market, suggesting broader investor risk aversion or profit-taking in a richly valued semiconductor-equipment stock. Commentary from Jim Cramer and other bullish analyses supports the business outlook, but valuation remains an important consideration. Applied Materials Suffers a Larger Drop Than the General Market

Applied Materials Stock Down 2.1%

Applied Materials stock opened at $509.57 on Friday. The stock has a market cap of $404.39 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. Applied Materials, Inc. has a one year low of $203.40 and a one year high of $739.67. The stock has a fifty day moving average of $488.90 and a 200 day moving average of $481.64.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion during 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 business's revenue for the quarter 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. As a group, sell-side analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Announces Dividend

The business 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 0.4%. Applied Materials's dividend payout ratio is presently 18.28%.

Insiders Place Their Bets

In related news, Director Judy Bruner sold 1,000 shares of the business'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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brice Hill sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the sale, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Applied Materials from $515.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Craig Hallum boosted their price objective on shares of Applied Materials from $530.00 to $585.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Citigroup reissued a "buy" rating and issued a $710.00 price target (up from $550.00) on shares of Applied Materials in a research note on Monday, August 3rd. B. Riley Financial reissued a "buy" rating and set a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Finally, Rothschild & Co Redburn lifted their price target on shares of Applied Materials from $450.00 to $560.00 and gave the company a "neutral" rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Applied Materials currently has a consensus rating of "Moderate Buy" and an average price target of $640.20.

About Applied Materials

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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