Banque Transatlantique SA Invests $613,000 in Applied Materials, Inc. $AMAT

Key Points

• Banque Transatlantique SA disclosed a new fourth-quarter stake in Applied Materials, buying 2,382 shares valued at about $613,000.
• Other institutional investors remain heavily invested in the company, with firms like Vanguard, Capital Research Global Investors, and Norges Bank making large holdings changes; institutions overall own 80.56% of Applied Materials stock.
• Applied Materials also saw significant insider selling, including CEO Gary E. Dickerson and SVP Omkaram Nalamasu, while analysts remain broadly constructive with a Moderate Buy consensus and a price target well below the stock’s recent trading level.

Banque Transatlantique SA bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,382 shares of the manufacturing equipment provider's stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Applied Materials by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider's stock valued at $19,731,523,000 after acquiring an additional 330,197 shares during the period. Capital Research Global Investors grew its stake in shares of Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Applied Materials by 40.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider's stock valued at $2,563,376,000 after purchasing an additional 3,583,751 shares in the last quarter. Morgan Stanley increased its holdings in shares of Applied Materials by 3.4% during the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider's stock valued at $2,947,891,000 after purchasing an additional 373,012 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Applied Materials in the 4th quarter valued at $2,858,543,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Buying and Selling at Applied Materials

In related news, CEO Gary E. Dickerson sold 71,727 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the completion of the sale, the chief executive officer directly owned 1,695,164 shares in the company, valued at approximately $1,006,503,625. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 189,767 shares of company stock valued at $107,769,409. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMAT. Citigroup increased their price target on shares of Applied Materials from $550.00 to $710.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating and issued a $502.00 price objective (up from $454.00) on shares of Applied Materials in a report on Friday, May 15th. Truist Financial set a $575.00 price objective on shares of Applied Materials in a research report on Thursday, May 28th. UBS Group increased their target price on shares of Applied Materials from $515.00 to $570.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada raised their target price on Applied Materials from $500.00 to $520.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $489.16.

Applied Materials News Roundup

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

• Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $617.11 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. The firm has a fifty day moving average of $446.42 and a 200 day moving average of $363.12. The firm has a market cap of $489.96 billion, a PE ratio of 57.94, a PEG ratio of 1.65 and a beta of 1.67. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $638.90.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.18. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company's revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts predict that Applied Materials, Inc. will post 12.1 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.3%. Applied Materials's dividend payout ratio is presently 19.91%.

Applied Materials Profile

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.

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