TrinityBridge Ltd trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 41.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,302 shares of the manufacturing equipment provider's stock after selling 3,783 shares during the period. TrinityBridge Ltd's holdings in Applied Materials were worth $3,835,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in Applied Materials during the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new position in shares of Applied Materials during the fourth quarter valued at approximately $26,000. Harborfront Financial Group LLC purchased a new position in Applied Materials during the 2nd quarter valued at $27,000. Financial Freedom LLC bought a new position in shares of Applied Materials in the first quarter worth about $28,000. Finally, Joseph Group Capital Management bought a new position in Applied Materials in the 4th quarter worth about $31,000. 80.56% of the stock is owned by institutional investors.
Insider Buying and Selling at Applied Materials
In other news, Director Thomas J. Iannotti sold 9,250 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of Applied Materials 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 in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 277,820 shares of company stock valued at $169,538,434. 0.30% of the stock is currently owned by corporate insiders.
Key Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: AI demand supports the long-term outlook. JPMorgan reiterated an Overweight rating and estimates semiconductor-systems revenue could grow about 40% this year, with AI-related investment accounting for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
- Positive Sentiment: Advanced packaging and memory opportunities remain catalysts. New equipment launches are strengthening Applied Materials’ position in advanced packaging as demand for high-bandwidth memory (HBM) and semiconductor manufacturing capacity expands. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
- Positive Sentiment: Brokerage coverage remains favorable. Berenberg issued a Buy rating, while broader analyst recommendations continue to point toward adding AMAT to portfolios. However, investors should note that consensus ratings can be overly optimistic because they are based on sell-side opinions. Applied Materials Receives a Buy from Berenberg Bank
- Neutral Sentiment: Fundamentals were stronger than expected, but the market response was weak. Applied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, and exceeded consensus EPS and revenue estimates. Its above-consensus outlook was apparently insufficient to overcome high expectations and valuation concerns. Applied Materials Delivered a Record Quarter. The Stock Fell Anyway
- Negative Sentiment: High-profile bearish positioning is weighing on sentiment. Paul Tudor Jones reportedly liquidated his AMAT common-stock position and increased his put exposure, while Dr. Michael Burry is also betting against the shares. These trades raise concerns about semiconductor-cycle risks and whether future foundry capital spending will meet already elevated expectations. Paul Tudor Jones Liquidated His Applied Materials Stake
Applied Materials Price Performance
Shares of NASDAQ AMAT opened at $492.32 on Monday. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67. The stock's fifty day simple moving average is $562.67 and its two-hundred day simple moving average is $451.92. The stock has a market capitalization of $390.71 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. 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 (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The business's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts expect that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.
Applied Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 payout ratio is currently 18.28%.
Analyst Upgrades and Downgrades
Several research analysts have commented on AMAT shares. Weiss Ratings restated a "buy (b-)" rating on shares of Applied Materials in a report on Wednesday, June 24th. Erste Group Bank cut Applied Materials from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Sanford C. Bernstein increased their price target on Applied Materials from $675.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Barclays raised their price target on Applied Materials from $500.00 to $590.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. Finally, Argus set a $600.00 price objective on Applied Materials in a report on Tuesday, August 18th. One investment 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 company has an average rating of "Moderate Buy" and an average target price of $659.83.
Read Our Latest Research Report on Applied Materials
Applied Materials Profile
(
Free Report)
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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