Applied Materials, Inc. $AMAT Stock Position Lessened by Processus Wealth & Capital Management LLC

Posted by Stanley Muller on Aug 13th, 2026

Processus Wealth & Capital Management LLC cut its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,083 shares of the manufacturing equipment provider’s stock after selling 1,188 shares during the quarter. Applied Materials accounts for about 4.1% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Processus Wealth & Capital Management LLC’s holdings in Applied Materials were worth $12,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new stake in Applied Materials in the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in Applied Materials in the 4th quarter worth approximately $26,000. Financial Freedom LLC purchased a new stake in Applied Materials during the 1st quarter valued at $28,000. Joseph Group Capital Management bought a new position in shares of Applied Materials during the 4th quarter valued at $31,000. Finally, Dogwood Wealth Management LLC lifted its holdings in shares of Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 44 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMAT. Susquehanna lifted their price objective on Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Stifel Nicolaus increased their target price on Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 10th. HSBC reissued a “buy” rating and issued a $683.00 target price on shares of Applied Materials in a research report on Monday, July 27th. William Blair assumed coverage on shares of Applied Materials in a research report on Tuesday. They set a “market perform” rating for the company. Finally, Seaport Research Partners began coverage on shares of Applied Materials in a research note on Monday, May 4th. They issued a “buy” rating and a $500.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $603.23.

Check Out Our Latest Stock Report on Applied Materials

Insider Activity

In other news, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer directly owned 1,695,164 shares of the company’s stock, valued at $1,006,503,625. The trade was a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by corporate insiders.

More Applied Materials News

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

Positive Sentiment: AI optimism remains the primary bullish catalyst. Applied Materials supplies equipment used to manufacture advanced logic and memory chips, positioning it as a “picks-and-shovels” beneficiary of data-center and AI infrastructure spending. Recent strength across semiconductor stocks and strong results from AI-linked customers are supporting expectations for sustained demand. Applied Materials Stock Enjoying AI Optimism Before Earnings
Positive Sentiment: Applied Materials announced that UC Berkeley will join its EPIC Center, giving researchers access to industry-scale equipment and process-integration expertise. The partnership could accelerate semiconductor innovation and commercialization, although its financial impact is likely longer term. UC Berkeley to Join Applied Materials’ EPIC Center
Neutral Sentiment: Analysts expect record quarterly revenue of roughly $9 billion, up about 23% year over year, and earnings per share near $3.39. Investors will also watch gross margins, semiconductor-fabrication equipment orders, China exposure, and management’s outlook for the next quarter. A large post-earnings move is implied by options pricing. Applied Materials Earnings Preview
Negative Sentiment: Options activity indicates traders are positioned for a potentially downward reaction if results or guidance fail to exceed already-high expectations. The stock’s roughly 25% decline from its June record high and valuation concerns increase the risk of a “sell the news” response, even if the company beats estimates. Barchart Applied Materials Earnings Analysis
Negative Sentiment: William Blair initiated coverage with a “Market Perform” rating, while another analyst maintained a Hold view, citing AMAT’s strong AI fundamentals but also its valuation and competitive risks. These neutral ratings may limit upside ahead of the earnings catalyst. Analyst Maintains Hold on Applied Materials

Applied Materials Price Performance

Shares of Applied Materials stock opened at $548.15 on Thursday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The stock’s fifty day moving average is $562.41 and its 200 day moving average is $442.96. The stock has a market cap of $435.21 billion, a P/E ratio of 51.47, a P/E/G ratio of 1.33 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $7.68 billion. During the same period in the previous year, the business earned $2.39 earnings per share. Applied Materials’s quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Applied Materials, Inc. will post 12.22 earnings per share for the current year.

Applied Materials Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio (DPR) is 19.91%.

Applied Materials Company 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.