Greenland Capital Management LP Trims Holdings in Applied Materials, Inc. $AMAT

Key Points

• Greenland Capital Management cut its Applied Materials stake by 82.2% in the second quarter, selling 4,369 shares and retaining 944 shares valued at approximately $683,000.
• Applied Materials insiders sold 276,692 shares worth about $169 million over the past three months, while hedge funds and other institutions own 80.56% of the company.
• Despite recent selling and market volatility, analysts remain broadly positive: the stock has a “Moderate Buy” consensus rating and a $657.76 average price target. The company also exceeded quarterly earnings and revenue estimates, reporting $3.50 EPS and $9.12 billion in revenue.

Greenland Capital Management LP lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 82.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 944 shares of the manufacturing equipment provider's stock after selling 4,369 shares during the period. Greenland Capital Management LP's holdings in Applied Materials were worth $683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Applied Materials during the fourth quarter worth about $26,000. Harborfront Financial Group LLC acquired a new stake in shares of Applied Materials during the second quarter worth about $27,000. Financial Freedom LLC purchased a new position in shares of Applied Materials during the first quarter worth about $28,000. Finally, Joseph Group Capital Management purchased a new position in shares of Applied Materials during the fourth quarter worth about $31,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Prabu G. Raja sold 50,000 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the sale, the insider owned 356,642 shares of the company's stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was 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. The trade was a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 276,692 shares of company stock worth $169,030,834. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Applied Materials from $715.00 to $740.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. Needham & Company LLC reiterated a "buy" rating and issued a $740.00 target price on shares of Applied Materials in a research note on Friday, August 14th. The Goldman Sachs Group reiterated a "buy" rating and issued a $645.00 target price on shares of Applied Materials in a research note on Monday, August 3rd. Barclays boosted their target price on Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. Finally, Morgan Stanley decreased their price target on Applied Materials from $646.00 to $642.00 and set an "equal weight" rating for the company in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $657.76.

Key Applied Materials News

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

• Positive Sentiment: Goldman Sachs reportedly named Applied Materials a “top pick,” citing the company’s exposure to the continued buildout of AI infrastructure and chip-manufacturing capacity. Applied Materials Stock Is Named a Top Pick at Goldman Sachs
• Positive Sentiment: Analysts see significant upside after the stock’s decline from its high, with AI-driven semiconductor investment and record quarterly revenue supporting bullish price targets. One report cited an average target near $641, implying roughly 32% potential appreciation from recent levels. Wall Street Sees Rally Despite Decline From Peak
• Positive Sentiment: Applied Materials is viewed as a key beneficiary of AI infrastructure spending because its equipment and engineering solutions are essential to advanced semiconductor manufacturing. Why Investors Should Buy the Dip in AMAT
• Neutral Sentiment: Mizuho lowered its Applied Materials price target from $650 to $590 but retained an “outperform” rating. The reduced target reflects more cautious expectations, while the rating still indicates confidence in the company’s longer-term prospects. Benzinga
• Neutral Sentiment: The reported August short-interest figures show zero shares and a mathematically invalid change, making the data unreliable and unlikely to provide a meaningful trading signal.
• Negative Sentiment: Semiconductor stocks broadly declined as investors reduced risk ahead of NVIDIA’s results, weighing on Applied Materials alongside other chipmakers. Semiconductor Stocks Slide Ahead of NVIDIA Earnings

Applied Materials Stock Performance

Shares of AMAT stock opened at $480.04 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $558.87 and a 200-day simple moving average of $454.37. The company has a market cap of $380.96 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 1.04 and a beta of 1.61. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.Applied Materials's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 12.73 EPS 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 dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. Applied Materials's dividend payout ratio is 18.28%.

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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