Montag A & Associates Inc. lowered its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,546 shares of the manufacturing equipment provider’s stock after selling 3,126 shares during the period. Applied Materials comprises 1.4% of Montag A & Associates Inc.’s portfolio, making the stock its 14th largest position. Montag A & Associates Inc.’s holdings in Applied Materials were worth $32,207,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. JFS Wealth Advisors LLC raised its position in shares of Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in shares of Applied Materials by 2.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock valued at $725,000 after buying an additional 21 shares during the last quarter. Basecamp Wealth Advisors LLC grew its position in shares of Applied Materials by 0.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,288 shares of the manufacturing equipment provider’s stock worth $1,124,000 after buying an additional 22 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of Applied Materials by 2.2% during the second quarter. Financial Management Professionals Inc. now owns 1,040 shares of the manufacturing equipment provider’s stock worth $752,000 after buying an additional 22 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in shares of Applied Materials by 34.8% in the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock worth $67,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analyst Upgrades and Downgrades
AMAT has been the topic of several recent analyst reports. Craig Hallum upped their price target on shares of Applied Materials from $530.00 to $585.00 and gave the company a “buy” rating in a report on Friday. Argus raised their price objective on shares of Applied Materials from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a research note on Friday. Susquehanna increased their price target on shares of Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Applied Materials in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $640.17.
Insider Buying and Selling at Applied Materials
In related news, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the sale, the insider owned 346,642 shares in the company, valued at $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. This represents a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is owned by company insiders.
Applied Materials Stock Performance
Shares of AMAT opened at $535.31 on Tuesday. The stock has a market capitalization of $425.01 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The business’s fifty day moving average price is $565.01 and its 200 day moving average price is $447.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 12.48 EPS for the current year.
Applied Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 18.28%.
More Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Applied Materials reported fiscal third-quarter revenue of approximately $9.12 billion, up 24.8% year over year, while adjusted earnings of $3.50 per share exceeded consensus estimates. Management’s fiscal fourth-quarter revenue outlook of roughly $10.25 billion was also well above analyst expectations, signaling continued momentum. AMAT Q2 Deep Dive: AI Demand and Advanced Packaging Drive Guidance Upside, Market Reacts Cautiously
- Positive Sentiment: Several analysts remained constructive: B. Riley and Needham reiterated buy ratings, while price targets were raised to $600 and $660. These revisions reflect confidence in Applied Materials’ earnings growth and exposure to AI-related chip manufacturing. Applied Materials’ Buy Rating Reiterated at B. Riley Financial Applied Materials Price Target Raised to $600 Applied Materials Price Target Raised to $660
- Positive Sentiment: Investment commentary highlights AMAT as a potential beneficiary of the AI-driven memory surge. Higher memory spending and advanced semiconductor production could support equipment demand beyond the current earnings cycle. Why Applied Materials Could Be a Major Winner of the AI Memory Surge
- Neutral Sentiment: Market coverage characterizes the earnings report as fundamentally strong but notes that investors reacted cautiously, implying that much of the growth may already be reflected in the share price. Applied Materials: When Beating Wall Street Numbers Isn’t Enough
- Negative Sentiment: Despite record results and guidance, AMAT remains more than 25% below its 52-week high and trades at a premium earnings multiple. That valuation raises the risk of profit-taking or disappointment if AI and memory spending slows. Applied Materials Trades More Than 25% Below Its High With Revenue at a Record
Applied Materials Profile
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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