Oppenheimer Asset Management Inc. Has $18.48 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• Oppenheimer Asset Management cut its Applied Materials stake by 47% in the second quarter, selling 22,663 shares and retaining a position valued at $18.48 million. Institutional investors collectively own 80.56% of the company.
• Applied Materials reported a strong quarter, with revenue rising 24.8% year over year to $9.12 billion and EPS of $3.50, exceeding analyst expectations. Management also issued above-consensus fiscal fourth-quarter guidance.
• Despite the earnings beat and positive analyst outlook, the stock fell 5.1% to $507.18 as investors sought faster growth and clearer evidence of competitive and margin strength; insiders have also sold roughly $169.7 million of shares over the past 90 days.

Oppenheimer Asset Management Inc. reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 47.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,553 shares of the manufacturing equipment provider's stock after selling 22,663 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Applied Materials were worth $18,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Applied Materials by 26.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider's stock valued at $590,000 after buying an additional 679 shares during the period. Forefront Wealth Partners LLC bought a new stake in shares of Applied Materials during the second quarter worth $410,000. Schnieders Capital Management LLC. raised its position in shares of Applied Materials by 30.1% during the second quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider's stock worth $2,747,000 after acquiring an additional 3,469 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Applied Materials by 59.3% during the second quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider's stock worth $77,383,000 after acquiring an additional 157,426 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Down 5.1%

Applied Materials stock opened at $507.18 on Friday. The firm has a market capitalization of $402.68 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 1.35 and a beta of 1.61. The company's 50 day simple moving average is $564.15 and its 200 day simple moving average is $444.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 39.58%. The business's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 12.22 EPS for the current year.

Applied Materials Dividend Announcement

The company 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 $0.53 dividend. The ex-dividend date 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 currently 19.91%.

Key Stories 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.

Insiders Place Their Bets

In related news, SVP Timothy M. Deane sold 8,621 shares of the firm'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 sale, the senior vice president owned 134,631 shares of the company's stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Prabu G. Raja sold 10,000 shares of Applied Materials stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the transaction, the insider owned 346,642 shares in the company, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 278,088 shares of company stock worth $169,654,805 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMAT has been the topic of several recent research reports. William Blair assumed coverage on Applied Materials in a report on Tuesday. They issued a "market perform" rating on the stock. Susquehanna boosted their price objective on Applied Materials from $575.00 to $900.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. Cantor Fitzgerald restated an "overweight" rating on shares of Applied Materials in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $740.00 target price on shares of Applied Materials in a research note on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Applied Materials from $530.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. One 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $640.17.

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.

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