Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Position in Applied Materials, Inc. $AMAT

Key Points

• Bay Colony Advisors increased its Applied Materials stake by 227.2% in the second quarter, bringing its holdings to 3,740 shares worth approximately $2.7 million. Institutional investors collectively own 80.56% of AMAT.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $603.23. Applied Materials recently beat quarterly revenue and EPS estimates, while management guided for third-quarter EPS of $3.16–$3.56.
• Valuation and insider selling present risks: AMAT trades at roughly 49 times earnings, and insiders sold $169.7 million of stock over the past 90 days. Upcoming earnings and continued semiconductor-sector volatility could drive significant near-term price swings.

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 227.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,740 shares of the manufacturing equipment provider's stock after acquiring an additional 2,597 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Applied Materials were worth $2,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Perkins Coie Trust Co grew its holdings in shares of Applied Materials by 19.6% during the 2nd quarter. Perkins Coie Trust Co now owns 287 shares of the manufacturing equipment provider's stock worth $208,000 after purchasing an additional 47 shares during the period. Kraft Davis & Associates LLC acquired a new stake in shares of Applied Materials during the 2nd quarter worth about $364,000. Financial Management Professionals Inc. raised its holdings in Applied Materials by 2.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,040 shares of the manufacturing equipment provider's stock valued at $752,000 after buying an additional 22 shares during the period. First Bank & Trust raised its holdings in Applied Materials by 15.2% in the 2nd quarter. First Bank & Trust now owns 858 shares of the manufacturing equipment provider's stock valued at $620,000 after buying an additional 113 shares during the period. Finally, Revolve Wealth Partners LLC lifted its position in Applied Materials by 100.3% in the second quarter. Revolve Wealth Partners LLC now owns 2,706 shares of the manufacturing equipment provider's stock valued at $1,956,000 after buying an additional 1,355 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

More Applied Materials News

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

• Positive Sentiment: Analysts raised longer-term earnings expectations. An analyst increased the FY2027 EPS forecast, suggesting continued confidence in Applied Materials’ semiconductor-equipment demand and earnings trajectory. FY2027 EPS Forecast for Applied Materials Lifted by Analyst
• Positive Sentiment: AI and data-center investment remain major growth drivers. Applied Materials supplies equipment used to manufacture advanced chips, and potential semiconductor demand from Tesla and SpaceX’s proposed $16.8 billion “Terafab” project could benefit AMAT and other chip-equipment suppliers. The Zacks Analyst Blog Highlights SpaceX, Tesla, KLA Corp, Onto Innovation, Applied Materials and Lam Research
• Positive Sentiment: The investment case includes solid fundamentals and shareholder returns. Coverage highlights AMAT’s AI exposure, broad technology portfolio, strong profitability and dividend history. Its latest reported quarter also exceeded consensus estimates for revenue and EPS, while management provided third-quarter EPS guidance of $3.16 to $3.56. Applied Materials’ dividends: History, yield and payout ratio explained
• Neutral Sentiment: Earnings are the immediate catalyst. Analysts expect approximately $3.39 in Q3 EPS on roughly $9 billion of revenue, while previews emphasize key operating metrics beyond headline results. The stock’s implied earnings move is potentially sizable, increasing short-term volatility. Applied Materials Earnings Preview
• Negative Sentiment: High expectations and valuation leave little room for disappointment. AMAT has rallied significantly over the past year but remains well below its yearly peak. With a reported P/E ratio near 49, investors may be taking profits or reducing exposure ahead of earnings unless the outlook clearly supports current expectations.
• Negative Sentiment: Broader semiconductor-sector volatility is another headwind. Weakness in major equipment stocks, including ASML, following China-related headlines may be weighing on sentiment toward the entire chip-equipment group, even though the recent AMAT coverage is predominantly bullish.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $525.00 target price on shares of Applied Materials in a research note on Friday, May 15th. Seaport Research Partners assumed coverage on shares of Applied Materials in a research note on Monday, May 4th. They issued a "buy" rating and a $500.00 price target on the stock. Bank of America upped their price objective on shares of Applied Materials from $540.00 to $720.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Royal Bank Of Canada increased their price objective on shares of Applied Materials from $500.00 to $520.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Finally, Truist Financial set a $575.00 target price on Applied Materials in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $603.23.

Insider Buying and Selling

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the firm's 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 sale, the senior vice president directly owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction 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 sale, the chief executive officer directly owned 1,695,164 shares of the company's stock, valued at approximately $1,006,503,625. This trade represents a 4.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 278,088 shares of company stock valued at $169,654,805 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $522.12 on Tuesday. The company has a fifty day simple moving average of $560.75 and a two-hundred day simple moving average of $439.93. The company has a market cap of $414.54 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced 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. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $7.68 billion. During the same period last year, the firm earned $2.39 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities analysts anticipate that Applied Materials, Inc. will post 12.17 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials's payout ratio is currently 19.91%.

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.

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