Allworth Financial LP Has $38.26 Million Stock Position in Applied Materials, Inc. $AMAT

Allworth Financial LP lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 9.3% in the second quarter, HoldingsChannel reports. The fund owned 52,923 shares of the manufacturing equipment provider’s stock after selling 5,402 shares during the period. Allworth Financial LP’s holdings in Applied Materials were worth $38,264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AMAT. Arizona State Retirement System raised its stake in Applied Materials by 1.4% during the second quarter. Arizona State Retirement System now owns 220,211 shares of the manufacturing equipment provider’s stock worth $159,213,000 after acquiring an additional 2,958 shares in the last quarter. West Family Investments Inc. raised its position in Applied Materials by 53.1% during the 2nd quarter. West Family Investments Inc. now owns 2,463 shares of the manufacturing equipment provider’s stock worth $1,781,000 after purchasing an additional 854 shares during the last quarter. Carmignac Gestion acquired a new stake in Applied Materials during the 2nd quarter valued at approximately $168,000. Empirical Finance LLC lifted its position in shares of Applied Materials by 3.1% in the 2nd quarter. Empirical Finance LLC now owns 29,292 shares of the manufacturing equipment provider’s stock worth $21,178,000 after purchasing an additional 877 shares during the period. Finally, Nykredit A S bought a new position in Applied Materials during the second quarter worth $201,771,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 4.0%

Shares of AMAT traded up $18.08 during mid-day trading on Tuesday, reaching $472.79. The company’s stock had a trading volume of 6,301,680 shares, compared to its average volume of 8,119,141. The company’s fifty day moving average price is $528.45 and its two-hundred day moving average price is $462.00. 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 52 week low of $161.75 and a 52 week high of $739.67. The stock has a market cap of $375.21 billion, a PE ratio of 40.76, a P/E/G ratio of 1.27 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) 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. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm earned $2.48 earnings per share. Applied Materials’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. On average, analysts predict that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Applied Materials

In other news, SVP Timothy Deane sold 8,621 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the sale, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president directly owned 146,916 shares in the company, valued at $87,184,361.88. The trade was a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 231,692 shares of company stock valued at $146,114,059. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMAT shares. Truist Financial set a $575.00 price objective on shares of Applied Materials in a research report on Thursday, May 28th. Barclays raised their target price on Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of Applied Materials in a research report on Monday, August 3rd. Seaport Research Partners reissued a “buy” rating and set a $575.00 price objective on shares of Applied Materials in a report on Friday, August 14th. Finally, Zacks Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $658.45.

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.