Corient Private Wealth LP bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 323,672 shares of the manufacturing equipment provider’s stock, valued at approximately $233,949,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new stake in Applied Materials during the 4th quarter worth about $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Applied Materials in the 4th quarter valued at about $26,000. Harborfront Financial Group LLC bought a new stake in shares of Applied Materials during the 2nd quarter valued at about $27,000. Financial Freedom LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at about $28,000. Finally, Joseph Group Capital Management acquired a new stake in Applied Materials during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
Trending Headlines about Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Qualcomm executive joins the board: Applied Materials appointed Qualcomm CFO and COO Akash Palkhiwala as a director and Audit Committee member. His semiconductor-industry, finance and operating experience could strengthen the board as AMAT targets growth in advanced logic, memory and AI infrastructure. Applied Materials Appoints Akash Palkhiwala to Board of Directors
- Positive Sentiment: AI buildout supports earnings momentum: Recent coverage highlights AMAT’s record quarter-over-quarter revenue increase, with quarterly revenue of $9.12 billion, up 25% year over year, and non-GAAP earnings per share of $3.50, up 41%. Demand is being driven by advanced DRAM, high-bandwidth memory, leading-edge logic and advanced packaging. The AI Buildout Is Turning Applied Materials Into A Profit Machine
- Positive Sentiment: Services business remains healthy: AMAT’s Applied Global Services segment reported record revenue and expanding margins, supported by subscription services, parts demand and increased semiconductor-fab utilization. This recurring revenue stream may help cushion equipment-cycle volatility. AMAT’s AGS Business Gains Momentum
- Neutral Sentiment: Analyst upside remains substantial: The average Wall Street price target implies roughly 35% potential upside, although targets are estimates and AMAT’s elevated valuation makes further gains dependent on continued earnings growth. Does Applied Materials Have the Potential to Rally?
- Negative Sentiment: China exposure is a key overhang: New Chinese immersion DUV lithography capabilities and tighter export controls raise concerns about domestic competition and reduced access to China, a significant AMAT market. Applied Materials’ China Problem Is Getting Worse
- Negative Sentiment: CFO stock sale adds a minor sentiment concern: CFO Brice Hill sold 7,500 shares worth approximately $3.6 million, reducing his holdings by 5.51%. The transaction does not change AMAT’s fundamentals but may weigh modestly on investor sentiment. SEC Insider Transaction Filing
Wall Street Analyst Weigh In
View Our Latest Research Report on AMAT
Applied Materials Trading Up 0.5%
NASDAQ AMAT opened at $482.36 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The business has a 50 day moving average price of $553.91 and a 200-day moving average price of $456.73. The company has a market cap of $382.80 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 1.03 and a beta of 1.61.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the business earned $2.48 EPS. Applied Materials’s quarterly revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts expect that Applied Materials, Inc. will post 12.73 earnings per share for the current fiscal year.
Applied Materials Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 18.28%.
Insiders Place Their Bets
In other news, CEO Gary E. Dickerson sold 71,727 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total value of $42,587,906.25. Following the transaction, the chief executive officer owned 1,695,164 shares in the company, valued at $1,006,503,625. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 284,192 shares of company stock worth $172,625,209 in the last 90 days. Company 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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