Saranac Partners Ltd Sells 2,257 Shares of Applied Materials, Inc. $AMAT

Saranac Partners Ltd decreased its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 14.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,348 shares of the manufacturing equipment provider's stock after selling 2,257 shares during the period. Applied Materials comprises about 2.8% of Saranac Partners Ltd's investment portfolio, making the stock its 8th biggest holding. Saranac Partners Ltd's holdings in Applied Materials were worth $9,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMAT. Brighton Jones LLC lifted its holdings in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock valued at $2,061,000 after purchasing an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Applied Materials by 26.7% in the second quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider's stock worth $590,000 after buying an additional 679 shares during the period. Forefront Wealth Partners LLC purchased a new position in shares of Applied Materials during the second quarter valued at $410,000. Schnieders Capital Management LLC. grew its holdings 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 valued at $2,747,000 after buying an additional 3,469 shares in the last quarter. Finally, Sei Investments Co. raised its position in Applied Materials by 59.3% during the second quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider's stock valued at $77,383,000 after buying an additional 157,426 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Price Performance

AMAT opened at $480.04 on Wednesday. The stock has a fifty day moving average price of $558.87 and a 200 day moving average price of $454.37. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The stock has a market cap of $380.96 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.04 and a beta of 1.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMAT shares. Stifel Nicolaus increased their price objective on Applied Materials from $530.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Sanford C. Bernstein lifted their target price on Applied Materials from $675.00 to $700.00 and gave the company an "outperform" rating 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 report on Monday, August 3rd. Wells Fargo & Company increased their price target on shares of Applied Materials from $715.00 to $740.00 and gave the stock an "overweight" rating in a research report on Friday, June 26th. Finally, Raymond James Financial set a $650.00 price target on shares of Applied Materials in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $657.76.

Insider Transactions at Applied Materials

In related news, SVP Timothy M. Deane sold 8,621 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction 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 $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 276,692 shares of company stock valued at $169,030,834 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Applied Materials News Summary

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 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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