SHP Wealth Management Purchases New Stake in Applied Materials, Inc. $AMAT

Key Points

• SHP Wealth Management opened a new position in Applied Materials during the fourth quarter, buying 5,517 shares valued at about $1.42 million.
• Applied Materials continues to attract broad institutional interest, with multiple funds adding stakes and about 80.56% of the stock now owned by institutional investors.
• The company reported better-than-expected quarterly results, beating EPS and revenue estimates, while analysts remain largely bullish even as some commentary warns the stock may be expensive after its sharp rally.

SHP Wealth Management acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,517 shares of the manufacturing equipment provider's stock, valued at approximately $1,418,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMAT. Midway Capital Research & Management bought a new stake in shares of Applied Materials during the fourth quarter worth approximately $7,652,000. Employees Provident Fund Board bought a new position in Applied Materials in the fourth quarter valued at approximately $188,960,000. S Harris Financial Group LLC bought a new position in Applied Materials in the fourth quarter valued at approximately $283,000. EJMK Ventures LLC acquired a new stake in Applied Materials during the 4th quarter worth $490,000. Finally, Reflection Asset Management acquired a new stake in Applied Materials during the 4th quarter worth $273,000. 80.56% of the stock is owned by institutional investors.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials’ AGS services business is being highlighted as a long-term growth engine, with AI-enabled services and expanding margins potentially creating more recurring revenue. Can AMAT's AGS Business Become a Long-Term Growth Driver?
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around AI demand and strong earnings momentum, with articles noting the stock has been hitting new highs after solid results and upbeat guidance. AI Demand, Earnings Send Applied Materials to New Highs
• Positive Sentiment: Applied Materials launched SENZ with Qualcomm and EssilorLuxottica for AI eyewear, reinforcing investor hopes that the company can expand beyond core chipmaking tools into adjacent growth markets. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Analyst sentiment remains constructive, with higher price targets such as Citi’s $710 view helping fuel the rally by suggesting AI demand can justify the premium valuation. Applied Materials (AMAT) Stock Rallies 8.75% on Citi’s Bullish $710 Price Target
• Neutral Sentiment: Several insiders, including CEO Gary Dickerson and SVP Omkaram Nalamasu, sold shares this week; while the sales were small relative to their remaining holdings, they can weigh on sentiment. Why Applied Materials Insiders Sold $65 Million Worth of Stock
• Neutral Sentiment: Some commentary warns the stock looks expensive after a sharp year-to-date surge, with valuation comparisons to the dot-com era potentially prompting caution despite the strong fundamental backdrop. Applied Materials stock valuation and performance

Applied Materials Price Performance

AMAT opened at $617.11 on Friday. The stock has a market cap of $489.96 billion, a P/E ratio of 57.94, a P/E/G ratio of 1.72 and a beta of 1.67. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $638.90. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $451.05 and a 200 day simple moving average of $364.90.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, research analysts expect that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.3%. Applied Materials's dividend payout ratio (DPR) is currently 19.91%.

Insider Buying and Selling at Applied Materials

In related news, SVP Timothy M. Deane sold 8,621 shares of the 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 sale, the senior vice president directly owned 134,631 shares of the company's stock, valued at approximately $79,534,609.56. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary E. Dickerson sold 71,727 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the sale, the chief executive officer owned 1,695,164 shares in the company, valued at $1,006,503,625. This trade represents a 4.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 189,767 shares of company stock worth $107,769,409 over the last three months. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AMAT shares. UBS Group upped their target price on shares of Applied Materials from $515.00 to $570.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Susquehanna raised their price target on Applied Materials from $435.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, April 9th. The Goldman Sachs Group lifted their price objective on Applied Materials from $390.00 to $520.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Raymond James Financial set a $650.00 target price on Applied Materials in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada boosted their target price on Applied Materials from $500.00 to $520.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $489.16.

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.

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.