Proficio Capital Partners LLC Purchases 3,085 Shares of Applied Materials, Inc. $AMAT

Key Points

• Proficio Capital Partners increased its Applied Materials stake by 235.3% in the second quarter, purchasing 3,085 additional shares and bringing its holdings to 4,396 shares valued at $3.18 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 rising 24.8% year over year. The company issued fourth-quarter 2026 EPS guidance of $3.82–$4.22.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and a $657.76 price target, while insiders have sold 284,192 shares worth approximately $172.6 million over the past 90 days.

Proficio Capital Partners LLC grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 235.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,396 shares of the manufacturing equipment provider's stock after buying an additional 3,085 shares during the quarter. Proficio Capital Partners LLC's holdings in Applied Materials were worth $3,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Caldwell Investment Management Ltd. acquired a new position in shares of Applied Materials during the second quarter worth $1,589,000. Ausdal Financial Partners Inc. bought a new stake in Applied Materials during the 2nd quarter worth $4,005,000. Evolve Private Wealth LLC increased its holdings in Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider's stock worth $983,000 after purchasing an additional 1,067 shares in the last quarter. WealthPlan Investment Management LLC bought a new position in Applied Materials in the fourth quarter valued at about $1,082,000. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Applied Materials by 183.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock valued at $790,000 after purchasing an additional 1,990 shares in the last quarter. Institutional investors own 80.56% of the company's stock.

Applied Materials Stock Performance

Shares of AMAT stock opened at $458.46 on Tuesday. The firm has a 50 day moving average of $547.17 and a 200-day moving average of $458.57. The company has a market cap of $363.83 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results 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 company had revenue of $9.12 billion for 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 38.02%. Applied Materials's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. 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 12.76 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 0.5%. Applied Materials's dividend payout ratio is currently 18.28%.

Insider Activity

In other news, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction dated 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 owned 40,559 shares of the company's stock, valued at $24,326,071.43. This represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president owned 146,916 shares of the company's stock, valued at approximately $87,184,361.88. This represents a 14.17% 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 have sold 284,192 shares of company stock valued at $172,625,209. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of research reports. Argus set a $600.00 price objective on shares of Applied Materials in a report on Tuesday, August 18th. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $515.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Bank of America reduced their price objective on shares of Applied Materials from $720.00 to $650.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Royal Bank Of Canada increased their price objective on Applied Materials from $520.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Finally, Mizuho cut their target price on Applied Materials from $650.00 to $590.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $657.76.

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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