Shayne & Jacobs LLC Trims Position in Applied Materials, Inc. $AMAT

Key Points

• Shayne & Jacobs LLC cut its Applied Materials stake by 24.6% in the second quarter, selling 5,015 shares and retaining 15,409 shares worth approximately $11.1 million. Institutional investors collectively own 80.56% of AMAT.
• Applied Materials reported stronger-than-expected quarterly results, with EPS of $2.86 versus the $2.68 consensus and revenue up 11.4% year over year to $7.91 billion. The company guided for third-quarter fiscal 2026 EPS of $3.16–$3.56, supported by semiconductor and AI-related demand.
• AMAT has a Moderate Buy consensus rating and an average analyst price target of $603.23, but valuation and sentiment risks remain: insiders sold shares recently, Erste Group downgraded the stock to “hold,” and the shares trade at roughly 50 times earnings.

Shayne & Jacobs LLC reduced its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,409 shares of the manufacturing equipment provider's stock after selling 5,015 shares during the period. Applied Materials accounts for about 3.3% of Shayne & Jacobs LLC's investment portfolio, making the stock its 6th biggest position. Shayne & Jacobs LLC's holdings in Applied Materials were worth $11,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC increased its stake in 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 worth $983,000 after acquiring an additional 1,067 shares during the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of Applied Materials in the 4th quarter worth approximately $1,082,000. Ameritas Advisory Services LLC raised its holdings in Applied Materials by 183.7% during 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. Assetmark Inc. lifted its position in Applied Materials by 9.3% in the fourth quarter. Assetmark Inc. now owns 376,513 shares of the manufacturing equipment provider's stock worth $96,760,000 after buying an additional 32,136 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong boosted its stake in Applied Materials by 204.8% during the fourth quarter. CloudAlpha Capital Management Limited Hong Kong now owns 140,773 shares of the manufacturing equipment provider's stock worth $36,177,000 after buying an additional 94,587 shares during the period. 80.56% of the stock is owned by institutional investors.

Key Applied Materials News

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

• Positive Sentiment: Applied Materials continues to benefit from strong semiconductor-equipment fundamentals. The company recently exceeded quarterly earnings and revenue expectations, with revenue rising 11.4% year over year, and issued third-quarter fiscal 2026 EPS guidance of $3.16–$3.56. A broader semiconductor rally, driven by AI optimism and strong memory demand, is also supportive for equipment suppliers. Semiconductor Rally Powers S&P 500 to Fresh Record High
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, indicating that analysts generally expect continued upside from Applied Materials’ exposure to semiconductor manufacturing and AI-related capital spending. Wall Street Analysts See Applied Materials as a Buy
• Neutral Sentiment: The semiconductor sector has rallied sharply, helping lift major indexes to records. That momentum supports AMAT’s industry backdrop, but it may also increase valuation and profit-taking risk after a strong run. Semiconductor ETFs Surge as the AI Trade Ramps Back Up
• Negative Sentiment: Applied Materials was reportedly among the large-cap stocks shorted by Michael Burry, who has warned of a potential 1987-style market selloff. The report is weighing on sentiment toward highly valued chip-related stocks, even though Burry’s position is an opinion rather than a change in AMAT’s business outlook. Applied Materials Faces Fresh Scrutiny After Michael Burry Short Bet
• Negative Sentiment: Erste Group Bank AG downgraded Applied Materials from “buy” to “hold,” adding near-term pressure to the stock and reinforcing concerns that its elevated valuation leaves less room for disappointment. Finviz Analyst Rating Information

Insider Activity

In related news, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the transaction, the insider directly owned 356,642 shares of the company's stock, valued at $180,204,069.76. This trade represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Timothy M. Deane sold 8,621 shares of the business'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 directly owned 134,631 shares of the company's stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is currently owned by corporate insiders.

Applied Materials Stock Performance

AMAT stock opened at $534.24 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The business has a 50-day moving average price of $556.14 and a 200 day moving average price of $435.59. The company has a market capitalization of $424.17 billion, a P/E ratio of 50.16, a PEG ratio of 1.39 and a beta of 1.61. Applied Materials, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities research analysts forecast that Applied Materials, Inc. will post 12.14 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. 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 (DPR) is currently 19.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Applied Materials from $450.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Susquehanna upped their target price on Applied Materials from $575.00 to $900.00 and gave the company a "positive" rating in a research note on Tuesday, June 30th. HSBC reissued a "buy" rating and set a $683.00 price target on shares of Applied Materials in a research note on Monday, July 27th. Citigroup reiterated a "buy" rating on shares of Applied Materials in a research note on Monday. Finally, Barclays boosted their target price on shares of Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $603.23.

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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