Cape ANN Savings Bank Reduces Stock Position in Applied Materials, Inc. $AMAT

Cape ANN Savings Bank lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 46.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,730 shares of the manufacturing equipment provider's stock after selling 5,020 shares during the quarter. Applied Materials comprises about 2.0% of Cape ANN Savings Bank's holdings, making the stock its 11th largest holding. Cape ANN Savings Bank's holdings in Applied Materials were worth $4,143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMAT. Investment Partners LTD. acquired a new position in Applied Materials during the second quarter worth $426,000. Transcend Capital Advisors LLC grew its holdings in Applied Materials by 7.3% in the 2nd quarter. Transcend Capital Advisors LLC now owns 3,489 shares of the manufacturing equipment provider's stock valued at $2,523,000 after buying an additional 238 shares in the last quarter. SYM FINANCIAL Corp increased its stake in shares of Applied Materials by 3.8% in the 2nd quarter. SYM FINANCIAL Corp now owns 3,077 shares of the manufacturing equipment provider's stock worth $2,224,000 after acquiring an additional 113 shares during the last quarter. Alliance Wealth Management Group acquired a new stake in shares of Applied Materials in the 2nd quarter worth $204,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Applied Materials by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider's stock worth $729,211,000 after acquiring an additional 28,982 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total value of $14,704,400.00. Following the completion of the sale, the chief executive officer owned 1,599,843 shares in the company, valued at approximately $1,176,236,570.46. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. Insiders own 0.30% of the company's stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Record quarterly performance: Fiscal Q3 revenue rose 24.8% year over year to $9.12 billion, ahead of the $8.99 billion consensus estimate, while adjusted EPS of $3.50 exceeded expectations. AI infrastructure demand, advanced packaging and memory spending supported growth. Applied Materials Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: Management projected fiscal Q4 revenue of approximately $9.8 billion to $10.8 billion and EPS of $3.82 to $4.22, both above analyst expectations. The company also pointed to stronger systems growth and unusually long customer visibility into fiscal 2027 and beyond. Applied Materials Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Analyst and institutional support: JPMorgan, RBC, TD Cowen, B. Riley, Needham and other firms maintained positive ratings or raised price targets. Soros Capital also reportedly added AMAT among several semiconductor positions, reinforcing the longer-term AI and chip-cycle investment case. Soros Capital Loads Up on Semiconductor Stocks
• Neutral Sentiment: Options imply a possible rebound: Derivatives-market data indicates traders expect the pullback could be temporary, although elevated volatility reflects uncertainty over the stock’s near-term direction. Applied Materials Options Data
• Negative Sentiment: Expectations were exceptionally high: Despite the earnings beat and upbeat guidance, investors wanted faster growth and clearer evidence that AMAT is outpacing rivals in semiconductor manufacturing equipment. Concerns about competition, margins and the pace of systems growth overshadowed the headline results. Applied Materials Slips as Investors Seek Faster Growth
• Negative Sentiment: Broader market pressure added to selling: Weaker July retail-sales data, profit-taking after record highs and a semiconductor-sector selloff weighed on AMAT and other AI-related stocks.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMAT shares. William Blair started coverage on shares of Applied Materials in a research report on Tuesday, August 11th. They set a "market perform" rating on the stock. Mizuho raised their price objective on shares of Applied Materials from $540.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. TD Cowen reaffirmed a "buy" rating and set a $700.00 target price on shares of Applied Materials in a research note on Friday. Susquehanna boosted their target price on shares of Applied Materials from $575.00 to $900.00 and gave the company a "positive" rating in a report on Tuesday, June 30th. Finally, Jefferies Financial Group increased their price target on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research note on Friday, June 26th. One research 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. According to data from MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and an average price target of $640.17.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $507.18 on Monday. The firm has a market cap of $402.68 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The business's fifty day simple moving average is $564.15 and its 200-day simple moving average is $445.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the company earned $2.48 EPS. The company's quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.48 earnings per share for the current 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 paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's payout ratio is 18.28%.

Applied Materials Company 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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