Applied Materials, Inc. $AMAT Stock Sold by Twin Peaks Capital Ltd

Key Points

• Twin Peaks Capital cut its Applied Materials stake by 82.4% in the third quarter, selling 14,000 shares and retaining 3,000 shares valued at about $1.53 million.
• Institutional investors and hedge funds own 80.56% of the company’s shares; several investors initiated new positions during the period.
• Applied Materials recently reported quarterly earnings and revenue above analyst estimates. Its shares rose 4.2% on Friday, while investors awaited the company’s upcoming results amid mixed signals for the chip-equipment sector.

Twin Peaks Capital Ltd cut its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 82.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the manufacturing equipment provider's stock after selling 14,000 shares during the quarter. Applied Materials comprises about 0.9% of Twin Peaks Capital Ltd's portfolio, making the stock its 12th biggest position. Twin Peaks Capital Ltd's holdings in Applied Materials were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMAT. Harborfront Financial Group LLC purchased a new stake in shares of Applied Materials during the 2nd quarter worth $27,000. Orion Capital Management LLC bought a new stake in Applied Materials during the second quarter valued at about $33,000. Highland Investment Advisors LLC bought a new stake in Applied Materials during the second quarter valued at about $33,000. BOK Financial Private Wealth Inc. bought a new stake in Applied Materials during the second quarter valued at about $41,000. Finally, Curry Webb Wealth Management LLC purchased a new position in Applied Materials in the third quarter valued at about $30,000. 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: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
• Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
• Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
• Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade

Insiders Place Their Bets

In other news, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction on Friday, October 2nd. The shares were 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 directly owned 3,181 shares in the company, valued at approximately $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction 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 of the company's stock, valued at $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 9,225 shares of company stock valued at $4,454,181. Insiders own 0.30% of the company's stock.

Applied Materials Stock Up 4.2%

Shares of AMAT stock traded up $13.46 during trading hours on Friday, reaching $332.71. 9,456,460 shares of the company's stock were exchanged, compared to its average volume of 7,369,214. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock has a market cap of $264.04 billion, a PE ratio of 28.68, a PEG ratio of 0.73 and a beta of 1.67. The stock's fifty day moving average price is $444.84 and its two-hundred day moving average price is $444.66.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data 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%. Applied Materials's revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research 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 issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials's dividend payout ratio (DPR) is currently 18.28%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating on shares of Applied Materials in a report on Tuesday, October 20th. Argus set a $600.00 price target on shares of Applied Materials and gave the company a "buy" rating in a research report on Tuesday, August 18th. Mizuho lowered their price target on shares of Applied Materials from $650.00 to $590.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. Stifel Nicolaus lifted their price objective on shares of Applied Materials from $530.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Bank of America cut 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 report on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $632.01.

Applied Materials Profile

Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.

The company's offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.

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