Pinpoint Asset Management Singapore Pte. Ltd. Grows Position in Applied Materials, Inc. $AMAT

Key Points

• Pinpoint Asset Management Singapore increased its Applied Materials position by 282,700% in the second quarter, ending with 2,828 shares valued at approximately $2.05 million. Institutional investors collectively own 80.56% of the company.
• Applied Materials exceeded quarterly expectations, reporting $3.50 EPS and $9.12 billion in revenue, with revenue up 24.8% year over year. Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $643.50.
• Company insiders sold 278,088 shares worth roughly $169.7 million over the past 90 days, while the stock’s strong AI-driven rally and premium valuation have raised concerns about profit-taking and high expectations.

Pinpoint Asset Management Singapore Pte. Ltd. grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 282,700.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,828 shares of the manufacturing equipment provider's stock after acquiring an additional 2,827 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.'s holdings in Applied Materials were worth $2,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors raised its stake in Applied Materials by 119.8% in 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 purchasing an additional 17,829,377 shares in the last quarter. Norges Bank purchased a new position in Applied Materials in the 4th quarter worth approximately $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Applied Materials by 617.2% in the 3rd 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 increased its holdings in shares of Applied Materials by 25,824.4% in 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 during the last quarter. Finally, Coatue Management LLC increased its holdings in shares of 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 worth $1,537,913,000 after buying an additional 2,635,284 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Insider Transactions at Applied Materials

In other news, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the sale, the insider owned 346,642 shares of the company's stock, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president owned 134,631 shares in the company, valued at $79,534,609.56. This represents a 6.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 278,088 shares of company stock valued at $169,654,805. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMAT. TD Cowen reaffirmed a "buy" rating and set a $700.00 price objective on shares of Applied Materials in a report on Friday, August 14th. Raymond James Financial set a $650.00 target price on Applied Materials in a research note on Wednesday, June 10th. Weiss Ratings restated a "buy (b-)" rating on shares of Applied Materials in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $605.00 price target on shares of Applied Materials in a research note on Friday. Finally, Bank of America cut their price objective on Applied Materials from $720.00 to $650.00 and set a "buy" rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $643.50.

Applied Materials Stock Performance

Applied Materials stock opened at $514.33 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $408.36 billion, a PE ratio of 44.34, a P/E/G ratio of 1.25 and a beta of 1.61. The firm has a fifty day simple moving average of $565.31 and a two-hundred day simple moving average of $448.45. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve 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 (EPS) 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 38.02% and a net margin of 30.05%.The company's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts expect that Applied Materials, Inc. will post 12.65 EPS for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 annualized dividend and a yield of 0.4%. Applied Materials's payout ratio is presently 18.28%.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Applied Materials has gained significant investor attention as a key beneficiary of AI-related semiconductor and memory-fabrication investment. Its broad equipment portfolio and exposure to strong chip demand support the longer-term growth outlook. Applied Materials Rockets 98% in 2026
• Positive Sentiment: Analyst commentary remains broadly constructive, citing AI-driven growth, semiconductor demand and Applied Materials’ diversified product portfolio as reasons to hold the stock despite its premium valuation. Should You Buy, Sell or Hold AMAT Stock
• Positive Sentiment: B. Riley and Needham reiterated Buy ratings, while separate analyst reports raised price targets to $600 and $660, reinforcing bullish expectations for continued earnings and industry growth. Applied Materials Buy Rating Reiterated
• Neutral Sentiment: Applied Materials has substantially outperformed Lam Research and KLA in the 2026 AI-capex rally. The comparison suggests the shares have greater momentum but may also face higher expectations if chip-equipment spending slows. AMAT Compared With Lam Research and KLA
• Negative Sentiment: Recent doubts about the durability of AI spending triggered a broad pullback in chip-equipment stocks. Applied Materials’ roughly 98% year-to-date advance leaves the stock particularly exposed to de-risking and profit-taking.
• Negative Sentiment: One analysis argues that AMAT is “priced for perfection,” while another notes that beating Wall Street estimates may not be sufficient to support further gains when valuation and forward expectations are already demanding. Applied Materials Is Priced for Perfection

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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