Artemis Wealth Advisors LLC Raises Holdings in Applied Materials, Inc. $AMAT

Artemis Wealth Advisors LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 467.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,803 shares of the manufacturing equipment provider's stock after purchasing an additional 60,803 shares during the period. Applied Materials comprises 6.1% of Artemis Wealth Advisors LLC's holdings, making the stock its 3rd largest position. Artemis Wealth Advisors LLC's holdings in Applied Materials were worth $53,360,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMAT. Evolve Private Wealth LLC boosted its stake in shares of Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider's stock valued at $983,000 after purchasing an additional 1,067 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in Applied Materials in the 4th quarter worth $1,082,000. Ameritas Advisory Services LLC raised its position in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock worth $790,000 after purchasing an additional 1,990 shares during the period. Handelsbanken Fonder AB lifted its stake in Applied Materials by 29.6% in the second quarter. Handelsbanken Fonder AB now owns 462,685 shares of the manufacturing equipment provider's stock worth $334,521,000 after purchasing an additional 105,776 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong increased its holdings in shares of Applied Materials by 204.8% in the fourth quarter. CloudAlpha Capital Management Limited Hong Kong now owns 140,773 shares of the manufacturing equipment provider's stock worth $36,177,000 after buying an additional 94,587 shares during the period. Institutional investors own 80.56% of the company's stock.

Insider Buying and Selling

In related news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president directly owned 146,916 shares of the company's stock, valued at approximately $87,184,361.88. This represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the sale, the director owned 40,559 shares of the company's stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 277,820 shares of company stock worth $169,538,434 over the last quarter. 0.30% of the stock is owned by insiders.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: AI demand supports the long-term outlook. JPMorgan reiterated an Overweight rating and estimates semiconductor-systems revenue could grow about 40% this year, with AI-related investment accounting for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
• Positive Sentiment: Advanced packaging and memory opportunities remain catalysts. New equipment launches are strengthening Applied Materials’ position in advanced packaging as demand for high-bandwidth memory (HBM) and semiconductor manufacturing capacity expands. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
• Positive Sentiment: Brokerage coverage remains favorable. Berenberg issued a Buy rating, while broader analyst recommendations continue to point toward adding AMAT to portfolios. However, investors should note that consensus ratings can be overly optimistic because they are based on sell-side opinions. Applied Materials Receives a Buy from Berenberg Bank
• Neutral Sentiment: Fundamentals were stronger than expected, but the market response was weak. Applied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, and exceeded consensus EPS and revenue estimates. Its above-consensus outlook was apparently insufficient to overcome high expectations and valuation concerns. Applied Materials Delivered a Record Quarter. The Stock Fell Anyway
• Negative Sentiment: High-profile bearish positioning is weighing on sentiment. Paul Tudor Jones reportedly liquidated his AMAT common-stock position and increased his put exposure, while Dr. Michael Burry is also betting against the shares. These trades raise concerns about semiconductor-cycle risks and whether future foundry capital spending will meet already elevated expectations. Paul Tudor Jones Liquidated His Applied Materials Stake

Wall Street Analyst Weigh In

AMAT has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $645.00 price target on shares of Applied Materials in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Applied Materials from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Morgan Stanley dropped their price target on shares of Applied Materials from $646.00 to $642.00 and set an "equal weight" rating for the company in a research report on Friday, August 14th. HSBC reissued a "buy" rating and issued a $683.00 price target on shares of Applied Materials in a report on Monday, July 27th. Finally, KeyCorp raised their target price on Applied Materials from $550.00 to $750.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average target price of $659.83.

Applied Materials Price Performance

Shares of AMAT opened at $492.32 on Friday. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67. The firm's 50-day simple moving average is $562.67 and its two-hundred day simple moving average is $451.05. The stock has a market cap of $390.88 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. 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 (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (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 was up 24.8% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Analysts anticipate that Applied Materials, Inc. will post 12.73 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's payout ratio is currently 18.28%.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source