Deltec Asset Management LLC Buys New Shares in Applied Materials, Inc. $AMAT

Key Points

• Deltec Asset Management opened a new position in Applied Materials during the first quarter, buying 5,000 shares valued at about $1.71 million.
• Applied Materials reported strong quarterly results, with EPS of $2.86 beating estimates and revenue of $7.91 billion topping expectations; the company also issued Q3 2026 guidance above consensus.
• Despite the solid operating performance, the stock has seen recent insider selling, including CEO Gary E. Dickerson and Director Thomas J. Iannotti, while analysts remain broadly positive with a Moderate Buy consensus.

Deltec Asset Management LLC purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the manufacturing equipment provider's stock, valued at approximately $1,709,000.

Several other large investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new stake in Applied Materials in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in Applied Materials in the fourth quarter valued at about $26,000. MBM Wealth Consultants LLC acquired a new position in Applied Materials in the first quarter worth about $38,000. Highline Wealth Partners LLC lifted its stake in Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock worth $30,000 after purchasing an additional 38 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in Applied Materials during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Transactions at Applied Materials

In other Applied Materials news, CEO Gary E. Dickerson sold 71,727 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total value of $42,587,906.25. Following the transaction, the chief executive officer owned 1,695,164 shares of the company's stock, valued at approximately $1,006,503,625. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the transaction, the director owned 40,559 shares in the company, valued at approximately $24,326,071.43. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 278,088 shares of company stock valued at $169,654,805. Corporate insiders own 0.30% of the company's stock.

Applied Materials Stock Down 10.0%

Shares of AMAT opened at $650.91 on Thursday. The business's fifty day moving average price is $491.34 and its two-hundred day moving average price is $386.97. The firm has a market capitalization of $516.80 billion, a price-to-earnings ratio of 61.12, a PEG ratio of 2.01 and a beta of 1.56. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.

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 for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, analysts predict that Applied Materials, Inc. will post 12.11 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMAT shares. Wall Street Zen raised Applied Materials from a "hold" rating to a "buy" rating in a report on Saturday, May 23rd. Jefferies Financial Group boosted their price target on Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Bank of America increased their price objective on Applied Materials from $540.00 to $720.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Argus lifted their price objective on Applied Materials from $420.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Applied Materials in a research note on Wednesday, June 24th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $553.56.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Analysts remained constructive on Applied Materials, with Erste Group raising FY2026 and FY2027 EPS estimates and Cantor Fitzgerald lifting its price target to $850 while keeping an Overweight rating.
• Positive Sentiment: Recent coverage highlighted Applied Materials as a major beneficiary of AI-driven chip spending, with the stock hitting all-time highs and posting its best monthly rally since 1975, supported by stronger earnings expectations and improved sentiment across semiconductor equipment names.
• Neutral Sentiment: Broader market commentary noted that chip stocks were the main laggard even as most equities moved higher, suggesting sector rotation rather than company-specific fundamentals may have pressured AMAT.
• Negative Sentiment: Technical analysts warned that Applied Materials had become extremely overbought and could be due for a reversal after its steep surge, which may have contributed to profit-taking.
• Negative Sentiment: CEO Gary E. Dickerson disclosed two stock sales totaling more than 78,000 shares over June 29-30, a move that can weigh on sentiment even though he still retains a very large stake.

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.

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.