Twin Peaks Capital Ltd Invests $12.29 Million in Applied Materials, Inc. $AMAT

Key Points

• Twin Peaks Capital initiated a $12.29 million position in Applied Materials by purchasing 17,000 shares, making AMAT its second-largest holding at roughly 6.1% of the portfolio.
• Institutional investors own 80.56% of Applied Materials, while insiders have sold 96,821 shares worth approximately $65.9 million over the past 90 days.
• Applied Materials exceeded quarterly earnings and revenue expectations, reporting $3.50 in EPS and $9.12 billion in revenue, up 24.8% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $658.45.

Twin Peaks Capital Ltd bought a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 17,000 shares of the manufacturing equipment provider's stock, valued at approximately $12,291,000. Applied Materials accounts for about 6.1% of Twin Peaks Capital Ltd's investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted its holdings in shares of Applied Materials by 4.3% in the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock worth $296,000 after buying an additional 17 shares in the last quarter. Innovative Asset Advisors Group LLC grew its stake in Applied Materials by 2.1% during the second quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider's stock valued at $695,000 after acquiring an additional 20 shares in the last quarter. Stonebridge Financial Group LLC increased its holdings in Applied Materials by 2.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock valued at $725,000 after acquiring an additional 21 shares during the last quarter. N.E.W. Advisory Services LLC increased its holdings in Applied Materials by 5.9% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider's stock valued at $273,000 after acquiring an additional 21 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its stake in Applied Materials by 13.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider's stock worth $132,000 after purchasing an additional 21 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Prabu Raja sold 10,000 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the completion of the sale, the insider directly owned 346,642 shares in the company, valued at $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judy Bruner sold 1,000 shares of Applied Materials stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director directly owned 25,544 shares of the company's stock, valued at $11,877,960. The trade was a 3.77% 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 96,821 shares of company stock worth $65,944,771 in the last 90 days. Company insiders own 0.30% of the company's stock.

Applied Materials Price Performance

Shares of Applied Materials stock traded down $1.11 during trading hours on Wednesday, reaching $420.06. The company's stock had a trading volume of 1,710,160 shares, compared to its average volume of 8,004,472. The firm has a 50 day moving average price of $507.85 and a 200-day moving average price of $465.08. Applied Materials, Inc. has a one year low of $173.97 and a one year high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The stock has a market cap of $333.36 billion, a P/E ratio of 36.25, a P/E/G ratio of 1.18 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, analysts predict that Applied Materials, Inc. will post 12.76 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.53 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials's payout ratio is 18.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMAT. Argus set a $600.00 price objective on Applied Materials in a research report on Tuesday, August 18th. The Goldman Sachs Group reiterated a "buy" rating and issued a $645.00 target price on shares of Applied Materials in a research report on Monday, August 3rd. Jefferies Financial Group increased their price target on Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Morgan Stanley cut their price target on Applied Materials from $646.00 to $642.00 and set an "equal weight" rating for the company in a report on Friday, August 14th. Finally, Sanford C. Bernstein lifted their price objective on Applied Materials from $675.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and an average price target of $658.45.

Applied Materials Profile

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.

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