Burney Co. Cuts Position in Applied Materials, Inc. $AMAT

Burney Co. lessened its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,024 shares of the manufacturing equipment provider's stock after selling 8,635 shares during the quarter. Burney Co.'s holdings in Applied Materials were worth $13,338,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMAT. Weiss Ratings reiterated a "buy (b-)" rating on shares of Applied Materials in a research report on Wednesday, June 24th. TD Cowen upped their price target on shares of Applied Materials from $450.00 to $525.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Applied Materials from $450.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Seaport Research Partners started coverage on Applied Materials in a report on Monday, May 4th. They set a "buy" rating and a $500.00 target price for the company. Finally, HC Wainwright set a $850.00 price target on Applied Materials in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $569.65.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Goldman Sachs raised its price target on Applied Materials to $645, helping fuel a broader rally in chip and memory stocks alongside Lam Research. 2 Chip Stocks Driving Today's Rally With Lofty Bull Notes
• Positive Sentiment: Morgan Stanley lifted its price target on AMAT to $647 from $502, signaling higher expectations for the stock even while keeping an equal-weight rating. Benzinga report on Morgan Stanley target increase
• Positive Sentiment: Applied Materials unveiled SENZ, an AI-powered platform designed to speed development of smart glasses, reinforcing its position as a beneficiary of the AI hardware buildout. Applied Materials (AMAT) Unveils AI-Powered SENZ Platform to Accelerate Smart Glasses Development
• Positive Sentiment: Reports highlighting chip stocks “ripping” and investor interest in AI infrastructure names are adding momentum to AMAT as a leading semiconductor equipment supplier. The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping

Insider Transactions at Applied Materials

In other news, Director Thomas J. Iannotti sold 9,250 shares of Applied Materials 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. The trade was a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business's 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 transaction, the senior vice president owned 146,916 shares in the company, valued at $87,184,361.88. This represents a 14.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by corporate insiders.

Applied Materials Trading Down 1.7%

AMAT opened at $592.79 on Tuesday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The business has a 50 day simple moving average of $499.51 and a two-hundred day simple moving average of $391.80. The firm has a market capitalization of $470.65 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 1.68 and a beta of 1.57.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.18. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Analysts predict that Applied Materials, Inc. will post 12.11 EPS for the current year.

Applied Materials Announces Dividend

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