Applied Materials, Inc. $AMAT Stock: Cohen Capital Management Inc. Trims Holdings

Posted by Stanley Muller on Oct 14th, 2026

Cohen Capital Management Inc. lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 14.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,920 shares of the manufacturing equipment provider’s stock after selling 15,701 shares during the quarter. Applied Materials makes up approximately 7.3% of Cohen Capital Management Inc.’s holdings, making the stock its biggest holding. Cohen Capital Management Inc.’s holdings in Applied Materials were worth $49,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Applied Materials by 85.4% in the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after acquiring an additional 32,018,892 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Applied Materials during the second quarter worth approximately $5,252,863,000. Auto Owners Insurance Co grew its stake in shares of Applied Materials by 25,824.4% during the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock valued at $86,610,000 after purchasing an additional 3,357,167 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of Applied Materials during the second quarter valued at approximately $1,512,287,000. Finally, Amundi grew its stake in shares of Applied Materials by 19.0% during the second quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock valued at $5,645,344,000 after purchasing an additional 1,246,876 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the transaction, the chief accounting officer directly owned 3,181 shares in the company, valued at approximately $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of Applied Materials stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. This trade represents a 3.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,225 shares of company stock valued at $4,454,181. 0.30% of the stock is owned by company insiders.

Applied Materials Price Performance

Shares of AMAT opened at $464.24 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The stock has a market cap of $368.42 billion, a P/E ratio of 40.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. The stock’s 50-day moving average price is $486.82 and its two-hundred day moving average price is $484.20.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion during 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 company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders 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 annualized dividend and a yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is 18.28%.

Key Headlines Impacting Applied Materials

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

Positive Sentiment: Applied Materials highlighted substantial long-term opportunities at its investor day, including plans to gain more than two percentage points of semiconductor-equipment market share by 2030, grow eBeam equipment revenue to $2 billion in 2026 and increase semiconductor services revenue to more than $12 billion by 2030. Cantor Fitzgerald commentary on Applied Materials
Positive Sentiment: The company’s new $5 billion EPIC Center in Silicon Valley is intended to accelerate semiconductor process and equipment innovation by bringing chipmakers, equipment partners and universities together, supporting future AI-chip demand. Applied Materials EPIC Center announcement
Positive Sentiment: Cantor Fitzgerald maintained an $850 price target, indicating that it sees significant upside from current levels. Bank of America also recently reiterated a Buy rating with a $650 target. Bank of America rating

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $740.00 price target on shares of Applied Materials in a report on Friday, August 14th. William Blair started coverage on Applied Materials in a report on Tuesday, August 11th. They set a “market perform” rating on the stock. Citigroup reaffirmed a “buy” rating and set a $710.00 price objective (up from $550.00) on shares of Applied Materials in a report on Monday, August 3rd. Royal Bank Of Canada increased their price objective on Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Weiss Ratings cut Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $640.20.

Check Out Our Latest Research Report on Applied Materials

Applied Materials Company Profile

(Free Report)

Applied Materials, Inc is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company’s offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.