Waverly Advisors LLC Has $31.36 Million Position in Applied Materials, Inc. $AMAT

Key Points

• Waverly Advisors reduced its Applied Materials stake by 8.6% in the second quarter, selling 4,075 shares and retaining 43,381 shares valued at approximately $31.36 million. Institutional investors own 80.56% of the company.
• Analysts remain broadly positive, with Applied Materials receiving a “Moderate Buy” consensus rating and an average price target of $658.45. Recent targets range from $590 to $740.
• Applied Materials reported quarterly EPS of $3.50 and revenue of $9.12 billion, exceeding estimates and representing 24.8% year-over-year revenue growth. The stock recently traded up 4.0% to $472.79, while insiders have sold more than $146 million in shares over the past 90 days.

Waverly Advisors LLC decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,381 shares of the manufacturing equipment provider's stock after selling 4,075 shares during the period. Waverly Advisors LLC's holdings in Applied Materials were worth $31,365,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMAT. Harborfront Financial Group LLC bought a new position in shares of Applied Materials during the second quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of Applied Materials during the second quarter worth $33,000. Highland Investment Advisors LLC bought a new stake in shares of Applied Materials in the second quarter valued at about $33,000. BOK Financial Private Wealth Inc. bought a new position in Applied Materials during the second quarter worth about $41,000. Finally, Financial Freedom LLC acquired a new position in shares of Applied Materials during the 1st quarter worth approximately $28,000. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMAT. Raymond James Financial set a $650.00 price target on Applied Materials in a research report on Wednesday, June 10th. Stifel Nicolaus raised their price target on Applied Materials from $530.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. William Blair initiated coverage on shares of Applied Materials in a research report on Tuesday, August 11th. They set a "market perform" rating for the company. Wells Fargo & Company raised their target price on shares of Applied Materials from $715.00 to $740.00 and gave the company an "overweight" rating in a report on Friday, June 26th. Finally, Mizuho lowered their price objective on shares of Applied Materials from $650.00 to $590.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $658.45.

Applied Materials Trading Up 4.0%

NASDAQ:AMAT traded up $18.08 during trading hours on Tuesday, hitting $472.79. 6,301,680 shares of the company were exchanged, compared to its average volume of 8,119,141. Applied Materials, Inc. has a one year low of $161.75 and a one year high of $739.67. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $375.21 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a fifty day simple moving average of $523.44 and a 200 day simple moving average of $462.73.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.10. The business 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 company's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts expect that Applied Materials, Inc. will post 12.76 EPS for the current fiscal year.

Insider Buying and Selling at Applied Materials

In other news, CFO Brice Hill sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the completion of the sale, the chief financial officer owned 128,613 shares in the company, valued at $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Prabu Raja sold 10,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 231,692 shares of company stock valued at $146,114,059 over the last ninety days. Insiders own 0.30% of the company's stock.

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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