Wealthfront Advisers LLC grew its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,717 shares of the manufacturing equipment provider's stock after purchasing an additional 4,135 shares during the period. Wealthfront Advisers LLC's holdings in Applied Materials were worth $97,400,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of AMAT. JFS Wealth Advisors LLC raised its holdings in Applied Materials by 4.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock valued at $296,000 after buying an additional 17 shares during the period. Innovative Asset Advisors Group LLC boosted 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 worth $695,000 after buying an additional 20 shares during the period. Stonebridge Financial Group LLC increased its position in Applied Materials by 2.1% during the second 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 raised its stake in shares of Applied Materials by 5.9% in the second 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 period. Finally, IMG Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.
Insider Activity at Applied Materials
In related news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, the senior vice president directly owned 134,631 shares of the company's stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas J. Iannotti sold 9,250 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares of the company's stock, valued at $24,326,071.43. This trade represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 277,820 shares of company stock valued at $169,538,434 over the last quarter. 0.30% of the stock is owned by 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
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Raymond James Financial set a $650.00 price target on shares of Applied Materials in a report on Wednesday, June 10th. Jefferies Financial Group raised their price objective on shares of Applied Materials from $510.00 to $770.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Wolfe Research boosted their target price on Applied Materials from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Seaport Research Partners reaffirmed a "buy" rating and set a $575.00 target price on shares of Applied Materials in a research note on Friday, August 14th. Finally, 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 report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $659.83.
View Our Latest Stock Analysis on AMAT
Applied Materials Price Performance
Shares of AMAT stock opened at $492.32 on Friday. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month 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 fifty day simple moving average of $562.67 and a two-hundred day simple moving average of $451.05. The stock has a market capitalization of $390.88 billion, a price-to-earnings ratio of 42.44, a P/E/G ratio of 1.06 and a beta of 1.61.
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 the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, analysts predict that Applied Materials, Inc. will post 12.73 EPS 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 dividend of $0.53 per share. The ex-dividend date 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 (DPR) is currently 18.28%.
About Applied Materials
(
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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