72,946 Applied Materials, Inc. $AMAT Shares Bought by State of Alaska Department of Revenue

Posted by Stanley Muller on Oct 15th, 2026

State of Alaska Department of Revenue boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 84.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 159,652 shares of the manufacturing equipment provider’s stock after buying an additional 72,946 shares during the quarter. Applied Materials comprises 0.8% of State of Alaska Department of Revenue’s holdings, making the stock its 19th largest holding. State of Alaska Department of Revenue’s holdings in Applied Materials were worth $81,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. WealthPlan Investment Management LLC boosted its stake in Applied Materials by 14.3% during the third quarter. WealthPlan Investment Management LLC now owns 22,689 shares of the manufacturing equipment provider’s stock worth $11,602,000 after acquiring an additional 2,834 shares in the last quarter. SBE LLC DBA Cedar Cove Wealth Partners grew its holdings in Applied Materials by 5.1% in the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 1,389 shares of the manufacturing equipment provider’s stock worth $710,000 after purchasing an additional 68 shares during the period. HBW Advisory Services LLC grew its holdings in Applied Materials by 46.4% in the third quarter. HBW Advisory Services LLC now owns 1,184 shares of the manufacturing equipment provider’s stock worth $605,000 after purchasing an additional 375 shares during the period. KG Capital Management increased its stake in shares of Applied Materials by 2.2% during the third quarter. KG Capital Management now owns 1,307 shares of the manufacturing equipment provider’s stock valued at $668,000 after purchasing an additional 28 shares in the last quarter. Finally, Howard Financial Services LTD. increased its stake in shares of Applied Materials by 24.0% during the third quarter. Howard Financial Services LTD. now owns 997 shares of the manufacturing equipment provider’s stock valued at $510,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 3.8%

Shares of NASDAQ:AMAT traded down $16.90 during trading on Thursday, reaching $429.73. 5,735,869 shares of the stock traded hands, compared to its average volume of 7,855,117. The stock has a market cap of $341.04 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock has a 50-day moving average of $485.07 and a two-hundred day moving average of $484.96. Applied Materials, Inc. has a 52-week low of $203.40 and a 52-week high of $739.67.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 30.05% and a return on equity of 38.02%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, sell-side analysts expect that Applied Materials, Inc. will post 12.79 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, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is presently 18.28%.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 725 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the completion of the transaction, the chief accounting officer owned 3,181 shares of the company’s stock, valued at approximately $1,732,245.36. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of Applied Materials 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 of the company’s stock, valued at $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,225 shares of company stock valued at $4,454,181. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMAT shares. Citigroup reiterated a “buy” rating and set a $710.00 target price (up from $550.00) on shares of Applied Materials in a report on Monday, August 3rd. New Street Research cut their price target on Applied Materials from $580.00 to $525.00 and set a “neutral” rating on the stock in a research note on Friday, August 14th. Stifel Nicolaus raised their price objective on Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 10th. TD Cowen reaffirmed a “buy” rating and set a $700.00 price objective on shares of Applied Materials in a research report on Friday, August 14th. Finally, Craig Hallum lifted their price objective on Applied Materials from $530.00 to $585.00 and gave the company a “buy” rating in a research note on Friday, August 14th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $637.14.

View Our Latest Stock Report on AMAT

Key Headlines Impacting Applied Materials

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

Positive Sentiment: Applied Materials unveiled its approximately $5 billion EPIC chip research and development center, backed by customers and partners including Intel, Micron, SK hynix and Samsung. The facility is intended to accelerate chip development and could strengthen AMAT’s strategic position in advanced semiconductor manufacturing. Applied Materials EPIC Center article
Positive Sentiment: Analysts remain constructive: RBC reaffirmed an “outperform” rating with a $600 price target, while Cantor Fitzgerald maintained an $850 target. Recent coverage also highlights AMAT’s consecutive earnings beats, expected market-share gains and growth in e-beam equipment and semiconductor services. Applied Materials analyst forecast article
Neutral Sentiment: Thirty-one exchange-traded funds added Applied Materials exposure on October 13, indicating continued institutional interest, although the ETF activity has not overcome broader selling in chip stocks. ETF additions article
Neutral Sentiment: Comparisons with ASML and Broadcom portray AMAT as a diversified semiconductor-equipment leader positioned to benefit from expanding production and AI demand, but they are valuation and investment-opinion pieces rather than new company-specific catalysts. ASML versus Applied Materials article
Negative Sentiment: The primary pressure is investor disappointment with Applied Materials’ 2030 outlook presented at its investor day. Although management cited strong AI-chip demand, planned market-share gains and more than $12 billion in service revenue by 2030, the guidance was viewed as uncertain or insufficiently ambitious relative to elevated expectations. Why Applied Materials sank article
Negative Sentiment: AMAT has also been affected by a broad technology and semiconductor selloff, including weakness in Asian chip markets and investor caution ahead of inflation data. The stock’s recent losing streak and retreat below its major moving averages have added technical pressure.

Applied Materials 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.