Deutsche Bank AG Sells 2,497,034 Shares of Applied Materials, Inc. $AMAT

Deutsche Bank AG lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 38.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,997,687 shares of the manufacturing equipment provider's stock after selling 2,497,034 shares during the quarter. Applied Materials comprises about 0.8% of Deutsche Bank AG's portfolio, making the stock its 17th largest holding. Deutsche Bank AG owned approximately 0.50% of Applied Materials worth $2,890,328,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Freedom LLC bought a new position in Applied Materials in the 1st quarter valued at about $28,000. Elevation Wealth Partners LLC lifted its position in Applied Materials by 34.8% during the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider's stock worth $67,000 after acquiring an additional 24 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Applied Materials during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its holdings in shares of Applied Materials by 218.8% during the first quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider's stock worth $35,000 after acquiring an additional 70 shares during the period. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Applied Materials in the fourth quarter valued at approximately $26,000. Institutional investors own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMAT shares. Wells Fargo & Company increased their target price on Applied Materials from $715.00 to $740.00 and gave the stock an "overweight" rating in a research note on Friday, June 26th. HSBC reaffirmed a "buy" rating and issued a $683.00 price objective on shares of Applied Materials in a report on Monday, July 27th. Argus set a $600.00 target price on Applied Materials in a report on Tuesday. Weiss Ratings reissued a "buy (b-)" rating on shares of Applied Materials in a report on Wednesday, June 24th. Finally, Jefferies Financial Group boosted their target price on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus target price of $659.83.

Applied Materials Stock Up 0.0%

Shares of AMAT opened at $496.21 on Friday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The company has a market cap of $393.97 billion, a P/E ratio of 42.78, a P/E/G ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The firm has a 50 day simple moving average of $564.17 and a two-hundred day simple moving average of $450.76.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the business posted $2.48 EPS. The company's revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts forecast that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials's dividend payout ratio is currently 18.28%.

Trending Headlines about Applied Materials

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

• Positive Sentiment: AI-driven demand outlook remains strong. JPMorgan maintained an Overweight rating and said Applied Materials’ semiconductor-systems revenue could grow about 40% this year, with AI-related spending expected to account for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
• Positive Sentiment: Product launches support advanced packaging and memory growth. New equipment aimed at AI-related chip production, advanced packaging and high-bandwidth memory could benefit Applied Materials as memory manufacturers increase capacity. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
• Positive Sentiment: Analyst support remains constructive. Berenberg issued a Buy rating, while recent research coverage and a Zacks Strong Buy momentum ranking provide additional near-term support for AMAT. Applied Materials Receives a Buy from Berenberg Bank
• Neutral Sentiment: Recent results were strong but already appear reflected in expectations. Applied Materials reported record quarterly revenue of $9.12 billion, up 24.8% year over year, and exceeded earnings and revenue estimates. Its above-consensus next-quarter guidance has not prevented the stock from declining, indicating investors may be focused on valuation, positioning and broader sector concerns. Applied Materials Delivered a Record Quarter
• Negative Sentiment: Institutional selling is weighing on sentiment. Paul Tudor Jones liquidated his common-stock position and reportedly increased his put exposure. Dr. Michael Burry is also betting against AMAT, creating headline risk even though these trades do not necessarily represent a broad rejection of AI investment. Paul Tudor Jones Liquidated His Applied Materials Stake
• Negative Sentiment: Chip-equipment stocks are facing a sector-wide selloff. Applied Materials, Lam Research and Teradyne have fallen together, raising concerns about semiconductor-cycle timing, customer capital-expenditure plans and whether AI expectations have become too optimistic. What Is Prompting the Selloff in Chip Equipment Stocks?

Insiders Place Their Bets

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of Applied Materials 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 $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the transaction, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. This represents a 6.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 277,820 shares of company stock valued at $169,538,434 over the last ninety days. 0.30% of the stock is owned by insiders.

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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