Elevated Capital Advisors LLC Sells 2,443 Shares of Applied Materials, Inc. $AMAT

Key Points

• Elevated Capital Advisors cut its Applied Materials stake by 48.3% in the second quarter, selling 2,443 shares and retaining 2,615 shares worth approximately $1.89 million.
• Applied Materials exceeded quarterly expectations, reporting $9.12 billion in revenue and $3.50 adjusted EPS, while forecasting fiscal fourth-quarter EPS of $3.82–$4.22 amid strong AI, advanced packaging and memory demand.
• Despite positive analyst sentiment and a “Moderate Buy” consensus, insiders sold 278,088 shares worth about $169.7 million over the past 90 days, and elevated growth expectations have pressured the stock.

Elevated Capital Advisors LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 48.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,615 shares of the manufacturing equipment provider's stock after selling 2,443 shares during the quarter. Applied Materials accounts for approximately 0.5% of Elevated Capital Advisors LLC's investment portfolio, making the stock its 29th biggest position. Elevated Capital Advisors LLC's holdings in Applied Materials were worth $1,891,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised its stake in shares of 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. Norges Bank acquired a new position in Applied Materials during the 4th quarter valued at about $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Applied Materials by 617.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider's stock worth $1,869,170,000 after buying an additional 7,856,576 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Applied Materials by 25,824.4% during the 4th quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider's stock worth $86,610,000 after buying an additional 3,357,167 shares in the last quarter. Finally, Coatue Management LLC grew its stake in Applied Materials by 78.7% in the 4th quarter. Coatue Management LLC now owns 5,984,332 shares of the manufacturing equipment provider's stock valued at $1,537,913,000 after purchasing an additional 2,635,284 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Applied Materials

In other Applied Materials news, CEO Gary E. Dickerson sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the completion of the transaction, the chief executive officer owned 1,599,843 shares in the company, valued at $1,176,236,570.46. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Prabu G. Raja sold 10,000 shares of the firm's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the transaction, the insider directly owned 346,642 shares of the company's stock, valued at approximately $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by insiders.

Applied Materials Price Performance

NASDAQ AMAT opened at $507.18 on Friday. The business's fifty day moving average is $564.15 and its 200 day moving average is $444.89. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two 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. The company has a market capitalization of $402.68 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 1.35 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $9.12 billion for the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a return on equity of 39.58% and a net margin of 30.05%.The business's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 12.22 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently declared 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. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials's payout ratio is currently 19.91%.

Key Headlines Impacting 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

AMAT has been the subject of several analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Applied Materials in a report on Friday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Applied Materials in a research report on Wednesday, June 24th. Wells Fargo & Company lifted their price target on shares of Applied Materials from $715.00 to $740.00 and gave the company an "overweight" rating in a report on Friday, June 26th. Zacks Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 1st. Finally, Mizuho lifted their target price on shares of Applied Materials from $540.00 to $650.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $640.17.

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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