Trans Canada Capital Inc. bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,338 shares of the manufacturing equipment provider’s stock, valued at approximately $44,347,000. Applied Materials makes up 2.4% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 3rd biggest holding.
Several other large investors also recently bought and sold shares of AMAT. Harborfront Financial Group LLC purchased a new stake in shares of Applied Materials in the 2nd quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in Applied Materials in the 2nd quarter valued at about $33,000. Highland Investment Advisors LLC purchased a new position in Applied Materials during the 2nd quarter valued at about $33,000. BOK Financial Private Wealth Inc. purchased a new position in Applied Materials during the 2nd quarter valued at about $41,000. Finally, Financial Freedom LLC acquired a new position in Applied Materials during the first quarter worth about $28,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Stock Performance
NASDAQ:AMAT opened at $454.71 on Monday. The firm has a 50 day simple moving average of $533.24 and a 200-day simple moving average of $461.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The firm has a market cap of $360.86 billion, a PE ratio of 39.20, a P/E/G ratio of 1.27 and a beta of 1.60. Applied Materials, Inc. has a 1-year low of $158.82 and a 1-year high of $739.67.
Applied Materials Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials’s payout ratio is currently 18.28%.
Analyst Ratings Changes
Several brokerages have issued reports on AMAT. Needham & Company LLC reaffirmed a “buy” rating and issued a $740.00 price target on shares of Applied Materials in a report on Friday, August 14th. B. Riley Financial restated a “buy” rating and set a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. KeyCorp upped their target price on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. William Blair began coverage on Applied Materials in a report on Tuesday, August 11th. They set a “market perform” rating on the stock. Finally, Mizuho dropped their price target on Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $658.45.
Check Out Our Latest Stock Report on AMAT
Insider Transactions at Applied Materials
In related news, Director Thomas J. Iannotti sold 9,250 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the transaction, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Timothy 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 value of $5,092,941.96. Following the completion of the sale, the senior vice president directly owned 134,631 shares in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 231,692 shares of company stock valued at $146,114,059. Corporate insiders own 0.30% of the company’s stock.
Key Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: AI-driven equipment demand remains the main catalyst. Growth in advanced packaging, DRAM and high-bandwidth memory (HBM), along with accelerating global fab investment, is strengthening the outlook for Applied Materials’ equipment orders. AMAT Rides on AI-Led WFE Demand: Can it Sustain the Momentum?
- Positive Sentiment: Raised forecasts have driven a major valuation re-rating. Although trailing-twelve-month revenue growth was only 7.8%, management reportedly increased its forecast twice between February and August as semiconductor demand expectations improved. That forward-growth story helps explain the stock’s roughly 180% one-year return. Why Did Applied Materials Stock Nearly Triple On Single-Digit Trailing Revenue Growth?
- Positive Sentiment: Analyst expectations are improving. UBS projected strong potential appreciation for AMAT, while another analyst raised the fiscal 2027 EPS estimate, signaling continued confidence in earnings growth and semiconductor capital spending. UBS Group Forecasts Strong Price Appreciation for Applied Materials FY2027 EPS Estimate for Applied Materials Boosted by Analyst
- Neutral Sentiment: Valuation remains a key debate. Despite a recent pullback, AMAT has gained about 237% over five years, leaving investors questioning how much AI and semiconductor-cycle optimism is already reflected in the shares. Can Applied Materials Still Look Cheap After a 237% Run?
- Negative Sentiment: Industry-cycle risks have not disappeared. Optimism about a permanently stronger semiconductor cycle is tempered by potential memory-capacity imbalances, which could pressure chipmakers’ capital spending if supply expands faster than demand. SEMIs CEO Has Watched Four Decades of Chip Cycles
Applied Materials Company 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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