Applied Materials, Inc. $AMAT Position Decreased by Carmel Capital Partners LLC

Carmel Capital Partners LLC cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 36.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,915 shares of the manufacturing equipment provider’s stock after selling 2,211 shares during the quarter. Carmel Capital Partners LLC’s holdings in Applied Materials were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harborfront Financial Group LLC purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $27,000. Financial Freedom LLC bought a new position in Applied Materials in the first quarter valued at $28,000. Curry Webb Wealth Management LLC purchased a new stake in Applied Materials during the third quarter valued at about $30,000. Dakota Community Bank & Trust NA bought a new stake in Applied Materials during the third quarter worth about $31,000. Finally, Orion Capital Management LLC bought a new stake in Applied Materials during the second quarter worth about $33,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 4.2%

Applied Materials stock traded up $13.46 during trading hours on Friday, reaching $332.71. The company had a trading volume of 9,456,460 shares, compared to its average volume of 7,369,214. 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 $203.40 and a 12-month high of $739.67. The company has a 50-day moving average price of $444.84 and a 200 day moving average price of $444.66. The firm has a market cap of $264.04 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.73 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 38.02% and a net margin of 30.05%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s dividend payout ratio is 18.28%.

Insider Transactions at Applied Materials

In other news, Director Judy Bruner sold 1,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total transaction of $465,000.00. Following the completion of the sale, the director directly owned 25,544 shares in the company, valued at approximately $11,877,960. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brice Hill sold 7,500 shares of the firm’s stock in a transaction dated 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 $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,225 shares of company stock worth $4,454,181. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Applied Materials in a research report on Tuesday, October 20th. Zacks Research lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. HSBC cut their target price on Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Weiss Ratings downgraded shares of Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 9th. Finally, Evercore set a $590.00 price objective on shares of Applied Materials in a report on Thursday, October 15th. Thirty equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $632.01.

More Applied Materials News

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

About Applied Materials

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.