Applied Materials, Inc. $AMAT Stock Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors cut its Applied Materials stake by 79.4% in the third quarter, selling 3,624 shares and retaining 940 shares valued at about $481,000. Institutional investors collectively own 80.56% of the company.
• Analysts remain broadly bullish, with 30 Buy ratings and nine Holds producing a “Moderate Buy” consensus and an average price target of $632.70, despite several recent target reductions.
• Applied Materials reported strong quarterly results, including $3.50 EPS, $9.12 billion in revenue and 24.8% year-over-year revenue growth. The company also declared a $0.53 quarterly dividend, equal to a 0.5% annualized yield.

Teamwork Financial Advisors LLC lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 79.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940 shares of the manufacturing equipment provider's stock after selling 3,624 shares during the period. Teamwork Financial Advisors LLC's holdings in Applied Materials were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of Applied Materials by 85.4% during the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider's stock worth $50,267,184,000 after purchasing an additional 32,018,892 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Applied Materials in the 2nd quarter valued at about $5,252,863,000. Jupiter Topco LLC acquired a new stake in shares of Applied Materials in the 2nd quarter valued at about $1,512,287,000. Amundi boosted its position in shares of Applied Materials by 19.0% in the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider's stock valued at $5,645,344,000 after purchasing an additional 1,246,876 shares during the period. Finally, BlackRock Inc. grew its stake in Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider's stock worth $57,993,650,000 after buying an additional 1,237,685 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMAT shares. HSBC cut their price target on Applied Materials from $683.00 to $641.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Needham & Company LLC decreased their price objective on Applied Materials from $740.00 to $580.00 and set a "buy" rating for the company in a report on Friday. Argus set a $600.00 target price on shares of Applied Materials and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Mizuho lowered their target price 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. Finally, Evercore set a $590.00 target price on shares of Applied Materials in a report on Thursday. Thirty investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.70.

Insider Activity at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Adam Sanders sold 725 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer owned 3,181 shares of the company's stock, valued at $1,732,245.36. This trade represents a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,225 shares of company stock worth $4,454,181 in the last three months. Insiders own 0.30% of the company's stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Wall Street remains bullish despite Applied Materials’ roughly 20% decline since July. Analysts have continued raising earnings estimates, and some price targets imply substantial upside as semiconductor manufacturers increase spending on advanced chips and AI infrastructure. Applied Materials Cratered 20% Since July
• Positive Sentiment: Applied Materials’ AI opportunity is backed by operating results rather than only market speculation. The company recently reported quarterly revenue growth of 24.8%, earnings above consensus and strong profitability, helping support the long-term growth narrative. Applied Materials is Going Solid
• Positive Sentiment: Comparisons with Lam Research, ASML and Broadcom highlight Applied Materials’ favorable cash generation, buyback capacity and installed-base advantages. These factors may help protect cash flow during pauses in new equipment orders and support shareholder returns. Applied Materials vs. ASML
• Neutral Sentiment: Applied Materials was selected as a 2027 Conference Board Innovation Awards honoree. The recognition reinforces its reputation for technological innovation but is unlikely to materially affect near-term earnings. Conference Board Announces 2027 Innovation Awards
• Negative Sentiment: Exchange-traded funds recorded approximately $58.8 million of net selling in AMAT on October 15, creating a modest technical headwind independent of the company’s fundamentals. Applied Materials Sees ETF Selling
• Negative Sentiment: After a major AI-driven rally, investors are questioning whether future growth is already reflected in the valuation. Needham also issued a pessimistic forecast, reinforcing concerns about elevated expectations and the cyclical risk of semiconductor-equipment spending. Needham Issues Pessimistic Forecast

Applied Materials Stock Performance

AMAT traded up $3.82 on Monday, hitting $413.11. 6,749,533 shares of the company traded hands, compared to its average volume of 7,886,827. Applied Materials, Inc. has a 12-month low of $203.40 and a 12-month high of $739.67. The company has a 50 day moving average of $478.34 and a 200-day moving average of $486.73. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $327.84 billion, a PE ratio of 35.61, a PEG ratio of 1.14 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced 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. The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The company's revenue was up 24.8% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, November 19th. Applied Materials's dividend payout ratio (DPR) is 18.28%.

About Applied Materials

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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