NewEdge Wealth LLC Acquires 7,609 Shares of Applied Materials, Inc. $AMAT

Key Points

• NewEdge Wealth increased its Applied Materials stake by 6.5% in the second quarter, acquiring 7,609 shares and ending with 123,853 shares valued at approximately $89.5 million.
• Institutional ownership remains high at 80.56%, although company insiders sold 277,820 shares worth roughly $169.5 million over the past three months.
• Analysts maintain a favorable outlook, with Applied Materials receiving a “Moderate Buy” consensus rating and an average price target of $659.83. The company also reported quarterly revenue of $9.12 billion and EPS of $3.50, both above expectations.

NewEdge Wealth LLC grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,853 shares of the manufacturing equipment provider's stock after purchasing an additional 7,609 shares during the quarter. Applied Materials comprises about 0.9% of NewEdge Wealth LLC's portfolio, making the stock its 21st biggest position. NewEdge Wealth LLC's holdings in Applied Materials were worth $89,545,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMAT. Evolve Private Wealth LLC raised its holdings in shares of Applied Materials by 59.0% during the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider's stock valued at $983,000 after purchasing an additional 1,067 shares during the period. WealthPlan Investment Management LLC bought a new position in shares of Applied Materials during the 4th quarter worth about $1,082,000. Ameritas Advisory Services LLC grew its stake in shares of Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock valued at $790,000 after buying an additional 1,990 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Applied Materials by 29.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 462,685 shares of the manufacturing equipment provider's stock valued at $334,521,000 after buying an additional 105,776 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong increased its position in Applied Materials by 204.8% in the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 140,773 shares of the manufacturing equipment provider's stock valued at $36,177,000 after buying an additional 94,587 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Insiders Place Their Bets

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the transaction, the director directly owned 40,559 shares of the company's stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the sale, the senior vice president owned 134,631 shares of the company's stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 277,820 shares of company stock worth $169,538,434 in the last three months. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMAT. Barclays upped their price target on Applied Materials from $500.00 to $590.00 and gave the stock an "overweight" rating in a research note on Thursday, June 11th. The Goldman Sachs Group restated a "buy" rating and set a $645.00 price objective on shares of Applied Materials in a report on Monday, August 3rd. Royal Bank Of Canada upped their target price on Applied Materials from $520.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. TD Cowen reiterated a "buy" rating and issued a $700.00 target price on shares of Applied Materials in a report on Friday, August 14th. Finally, Zacks Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $659.83.

Applied Materials News Roundup

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

• Positive Sentiment: AI demand supports the long-term outlook. JPMorgan reiterated an Overweight rating and estimates semiconductor-systems revenue could grow about 40% this year, with AI-related investment accounting for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
• Positive Sentiment: Advanced packaging and memory opportunities remain catalysts. New equipment launches are strengthening Applied Materials’ position in advanced packaging as demand for high-bandwidth memory (HBM) and semiconductor manufacturing capacity expands. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
• Positive Sentiment: Brokerage coverage remains favorable. Berenberg issued a Buy rating, while broader analyst recommendations continue to point toward adding AMAT to portfolios. However, investors should note that consensus ratings can be overly optimistic because they are based on sell-side opinions. Applied Materials Receives a Buy from Berenberg Bank
• Neutral Sentiment: Fundamentals were stronger than expected, but the market response was weak. Applied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, and exceeded consensus EPS and revenue estimates. Its above-consensus outlook was apparently insufficient to overcome high expectations and valuation concerns. Applied Materials Delivered a Record Quarter. The Stock Fell Anyway
• Negative Sentiment: High-profile bearish positioning is weighing on sentiment. Paul Tudor Jones reportedly liquidated his AMAT common-stock position and increased his put exposure, while Dr. Michael Burry is also betting against the shares. These trades raise concerns about semiconductor-cycle risks and whether future foundry capital spending will meet already elevated expectations. Paul Tudor Jones Liquidated His Applied Materials Stake

Applied Materials Price Performance

AMAT stock opened at $492.32 on Friday. The company has a market capitalization of $390.88 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $739.67. The business has a 50-day simple moving average of $562.67 and a two-hundred day simple moving average of $451.05.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion during 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%.The company's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts expect that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a 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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