Boomfish Wealth Group LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 18.2% during the third quarter, Holdings Channel.com reports. The firm owned 10,948 shares of the manufacturing equipment provider’s stock after buying an additional 1,683 shares during the period. Applied Materials accounts for about 2.4% of Boomfish Wealth Group LLC’s portfolio, making the stock its 9th largest position. Boomfish Wealth Group LLC’s holdings in Applied Materials were worth $5,599,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. MBL Wealth LLC boosted its holdings in Applied Materials by 6.5% in the 3rd quarter. MBL Wealth LLC now owns 1,928 shares of the manufacturing equipment provider’s stock worth $986,000 after buying an additional 118 shares during the period. Curry Webb Wealth Management LLC purchased a new stake in Applied Materials in the 3rd quarter valued at about $30,000. SeaCrest Wealth Management LLC increased its stake in shares of Applied Materials by 1.1% during the third quarter. SeaCrest Wealth Management LLC now owns 6,895 shares of the manufacturing equipment provider’s stock valued at $3,526,000 after buying an additional 78 shares during the period. NBT Bank N.A. bought a new stake in Applied Materials during the 3rd quarter valued at $1,542,000. Finally, Isthmus Partners LLC lifted its position in Applied Materials by 1.9% during the third quarter. Isthmus Partners LLC now owns 34,665 shares of the manufacturing equipment provider’s stock valued at $17,727,000 after acquiring an additional 649 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.
Applied Materials Trading Up 0.4%
NASDAQ AMAT opened at $377.24 on Friday. The company has a market capitalization of $299.38 billion, a PE ratio of 34.42, a P/E/G ratio of 1.04 and a beta of 1.60. The stock has a 50-day simple moving average of $467.37 and a 200 day simple moving average of $486.93. 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 12 month low of $203.40 and a 12 month 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 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the firm posted $2.48 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts forecast that Applied Materials, Inc. will post 12.79 EPS for the current year.
Applied Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. Applied Materials’s payout ratio is currently 18.28%.
Insider Buying and Selling at Applied Materials
In other Applied Materials news, 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 value of $3,594,375.00. Following the completion of the sale, the chief financial officer directly owned 128,613 shares in the company, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Adam Sanders sold 725 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the sale, the chief accounting officer owned 3,181 shares of the company’s stock, valued at $1,732,245.36. This trade represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 9,225 shares of company stock worth $4,454,181. Insiders own 0.30% of the company’s stock.
Wall Street Analysts Forecast Growth
AMAT has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 10th. B. Riley Financial reissued a “buy” rating and issued a $700.00 price target (down from $790.00) on shares of Applied Materials in a report on Friday, August 14th. Cantor Fitzgerald reissued an “overweight” rating on shares of Applied Materials in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Bank of America decreased their target price on shares of Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.70.
View Our Latest Report on Applied Materials
Key Headlines Impacting Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Strategic investment expands AI and materials exposure. Applied Ventures, Applied Materials’ venture-capital arm, invested in Albert Invent, an AI platform for chemical and materials research. The deal could strengthen Applied’s exposure to software-enabled materials discovery and support longer-term innovation. Albert Invent Welcomes Applied Ventures as Investor
- Positive Sentiment: Analyst estimate revision was modestly favorable. Erste Group raised its FY2027 EPS forecast to $18.67 from $18.59, although it maintained a “Hold” rating. The increase suggests some confidence in Applied Materials’ longer-term earnings outlook. Erste Group estimate update
- Positive Sentiment: AI-related semiconductor investment remains a growth catalyst. Advanced logic, DRAM and advanced-packaging spending is supporting the company’s Semiconductor Systems business, with potential benefits to revenue growth and margins. Can Semiconductor Systems Drive AMAT’s Next Growth Phase?
- Neutral Sentiment: ETF demand provided a technical-support signal. Reports indicated approximately $102.1 million of net ETF buying in Applied Materials, suggesting continued institutional interest, though ETF flows do not necessarily change the company’s fundamentals. Applied Materials Sees $102.1 Million in Net ETF Buying
- Neutral Sentiment: Fiscal 2026 results are scheduled for November 12. The upcoming earnings report will be an important catalyst for assessing demand, margins and management’s outlook. Applied Materials to Report Fourth-Quarter Results
- Negative Sentiment: Lam Research’s outlook pressured the entire equipment group. Lam’s comments that its outlook would be only “a bit higher,” alongside supply constraints, triggered concerns that growth may not accelerate as quickly as expected. Applied Materials and other chip-equipment stocks declined in sympathy. Applied Materials Sinks on Lam’s Outlook
- Negative Sentiment: Relative analysis favors Lam Research. Analysts cited stronger memory growth and customer-support momentum at Lam, giving it an edge over Applied Materials in the wafer-fabrication-equipment market and potentially limiting AMAT’s near-term appeal. AMAT vs. LRCX: Which Stock Has an Edge?
Applied Materials Profile
Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.
The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.
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