Teamwork Financial Advisors LLC Buys 1,900 Shares of Applied Materials, Inc. $AMAT

Key Points

• Teamwork Financial Advisors increased its Applied Materials stake by 71.3% in the second quarter, buying 1,900 additional shares for a total of 4,564 shares valued at approximately $3.3 million. Institutional investors collectively own 80.56% of the company.
• Applied Materials exceeded quarterly expectations with earnings of $2.86 per share and revenue of $7.91 billion, while revenue rose 11.4% year over year. The company also declared a quarterly dividend of $0.53 per share, yielding about 0.4% annually.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and a $603.23 price target, although Erste Group downgraded the stock to Hold. Recent insider sales totaling about $169.7 million and elevated valuation concerns add caution.

Teamwork Financial Advisors LLC increased its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 71.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,564 shares of the manufacturing equipment provider's stock after purchasing an additional 1,900 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Applied Materials were worth $3,300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolve Private Wealth LLC boosted 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 valued at $983,000 after buying an additional 1,067 shares during the period. WealthPlan Investment Management LLC bought a new position in Applied Materials in the 4th quarter worth about $1,082,000. Ameritas Advisory Services LLC increased its stake in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider's stock worth $790,000 after acquiring an additional 1,990 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Applied Materials by 9.3% in the 4th quarter. Assetmark Inc. now owns 376,513 shares of the manufacturing equipment provider's stock valued at $96,760,000 after acquiring an additional 32,136 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong raised its holdings in shares of Applied Materials by 204.8% in the 4th quarter. CloudAlpha Capital Management Limited Hong Kong now owns 140,773 shares of the manufacturing equipment provider's stock valued at $36,177,000 after acquiring an additional 94,587 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Insider Activity at Applied Materials

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares of the company's stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of the company's stock in a transaction dated 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 sale, the insider owned 356,642 shares of the company's stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 278,088 shares of company stock worth $169,654,805 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Applied Materials Price Performance

AMAT opened at $539.14 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $428.06 billion, a P/E ratio of 50.62, a PEG ratio of 1.34 and a beta of 1.61. The stock has a 50-day moving average price of $559.47 and a 200-day moving average price of $437.71. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $7.68 billion. During the same period last year, the firm posted $2.39 EPS. Applied Materials's revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.17 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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 $0.53 dividend. 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 0.4%. Applied Materials's dividend payout ratio is 19.91%.

Applied Materials News Summary

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

• Positive Sentiment: Analysts remain broadly optimistic about AMAT, with consensus price targets implying additional upside. Citi reportedly identified Applied Materials as a top semiconductor pick following the sector’s selloff, while other coverage highlights the company’s strong position in deposition, etch, inspection and wafer-processing equipment. Are Wall Street Analysts Predicting Applied Materials Stock Will Climb or Sink?
• Positive Sentiment: AI infrastructure spending is supporting the outlook for semiconductor manufacturing equipment. A potential Tesla-SpaceX “Terafab” buildout, along with rising demand for AI chips, advanced packaging and memory, could create additional opportunities for Applied Materials. Tesla-SpaceX Terafab Bet
• Positive Sentiment: Expectations for the August 13 report are favorable: analysts anticipate earnings growth and a potential beat. Applied Materials’ previous quarter exceeded consensus on both earnings and revenue, with revenue up 11.4% year over year, providing a constructive comparison for the upcoming release. Applied Materials Reports Next Week
• Neutral Sentiment: Options markets are pricing a potentially large earnings move, reportedly around 11%. That highlights significant event risk: a strong report and outlook could extend the rally, but merely meeting high expectations may not be enough. Options Market and AMAT’s Earnings Move
• Negative Sentiment: Erste Group Bank lowered its rating on AMAT to Hold. The downgrade adds pressure after the stock’s strong rebound and reinforces concerns that substantial AI optimism is already reflected in the valuation. Applied Materials Rating Lowered to Hold
• Negative Sentiment: Investor Michael Burry’s disclosed short positions in AI-linked semiconductor names, including Applied Materials, have revived concerns about an AI-stock reversal and heightened volatility. As Burry Targets AI Chip Names

Analyst Ratings Changes

Several research analysts have recently commented on the company. Erste Group Bank lowered Applied Materials from a "buy" rating to a "hold" rating in a report on Wednesday. Seaport Research Partners assumed coverage on shares of Applied Materials in a research note on Monday, May 4th. They issued a "buy" rating and a $500.00 target price on the stock. Bank of America lifted their target price on shares of Applied Materials from $540.00 to $720.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Applied Materials from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company boosted their price target on shares of Applied Materials from $715.00 to $740.00 and gave the stock an "overweight" rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $603.23.

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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