Endowment Wealth Management Inc. bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,013 shares of the manufacturing equipment provider’s stock, valued at approximately $1,030,000.
A number of other large investors have also recently made changes to their positions in AMAT. Harborfront Financial Group LLC bought a new position in shares of Applied Materials in the second quarter worth about $27,000. Orion Capital Management LLC bought a new stake in Applied Materials during the 2nd quarter valued at about $33,000. Highland Investment Advisors LLC bought a new stake in Applied Materials during the 2nd quarter valued at about $33,000. BOK Financial Private Wealth Inc. bought a new stake in Applied Materials during the 2nd quarter valued at about $41,000. Finally, Curry Webb Wealth Management LLC bought a new stake in Applied Materials during the 3rd quarter valued at about $30,000. 80.56% of the stock is owned by hedge funds and other institutional investors.
Applied Materials Stock Up 4.2%
Applied Materials stock opened at $332.71 on Friday. The business has a fifty day moving average of $444.84 and a two-hundred day moving average of $444.66. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The firm has a market cap of $264.04 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.65 and a beta of 1.67. Applied Materials, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the firm earned $2.48 EPS. The business’s revenue for the quarter 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 forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.
Applied Materials Dividend Announcement
The business 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 19th. Applied Materials’s dividend payout ratio is 18.28%.
Analyst Ratings Changes
AMAT has been the subject of several research reports. HSBC lowered their price objective on shares of Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Applied Materials in a research report on Tuesday, October 20th. William Blair initiated coverage on shares of Applied Materials in a research note on Tuesday, August 11th. They set a “market perform” rating for the company. Seaport Research Partners reiterated a “buy” rating and issued a $575.00 price target (up from $500.00) on shares of Applied Materials in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $605.00 price target (down from $680.00) on shares of Applied Materials in a report on Friday, August 14th. Thirty analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.01.
Read Our Latest Stock Analysis on Applied Materials
Applied Materials News Summary
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
- Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
- Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
- Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade
Insider Activity at Applied Materials
In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the stock in a transaction dated Tuesday, August 25th. The shares were 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 directly owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Adam Sanders sold 725 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $544.56, for a total transaction of $394,806.00. Following the sale, the chief accounting officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 over the last quarter. 0.30% of the stock is owned by corporate insiders.
Applied Materials Profile
Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.
The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.
Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.
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