McKinney Capital Management LLC Purchases 6,620 Shares of Applied Materials, Inc. $AMAT

McKinney Capital Management LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,620 shares of the manufacturing equipment provider’s stock, valued at approximately $3,385,000. Applied Materials makes up 1.2% of McKinney Capital Management LLC’s portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Applied Materials by 1.6% in the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock valued at $57,993,650,000 after acquiring an additional 1,237,685 shares in the last quarter. State Street Corp grew its holdings in shares of Applied Materials by 85.4% during the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after purchasing an additional 32,018,892 shares during the last quarter. Amundi grew its holdings in shares of Applied Materials by 19.0% during the second quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock worth $5,645,344,000 after purchasing an additional 1,246,876 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Applied Materials by 16.2% during the second quarter. Van ECK Associates Corp now owns 7,713,599 shares of the manufacturing equipment provider’s stock worth $5,576,932,000 after purchasing an additional 1,073,879 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Applied Materials during the second quarter worth about $5,252,863,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Adam Sanders sold 725 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the completion of the sale, the chief accounting officer directly owned 3,181 shares of the company’s stock, valued at $1,732,245.36. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of Applied Materials stock in a transaction on 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 transaction, the director owned 25,544 shares in the company, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,225 shares of company stock valued at $4,454,181. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMAT. Jefferies Financial Group reduced their target price on Applied Materials from $770.00 to $580.00 and set a “buy” rating for the company in a report on Friday. Needham & Company LLC decreased their target price on Applied Materials from $580.00 to $470.00 and set a “buy” rating for the company in a research report on Friday. Erste Group Bank downgraded Applied Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Argus set a $600.00 price target on Applied Materials and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, Sanford C. Bernstein cut their price target on Applied Materials from $700.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday. Twenty-nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $589.23.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded down $10.45 during midday trading on Friday, reaching $370.50. 11,933,246 shares of the company were exchanged, compared to its average volume of 8,342,034. The stock has a market cap of $294.03 billion, a P/E ratio of 29.36, a PEG ratio of 0.74 and a beta of 1.67. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The stock has a fifty day simple moving average of $437.91 and a 200 day simple moving average of $446.02. 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 (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 12th. The manufacturing equipment provider reported $4.16 EPS for the quarter, beating the consensus estimate of $4.06 by $0.10. Applied Materials had a return on equity of 43.37% and a net margin of 29.29%. The firm had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the business earned $2.17 EPS. Applied Materials has set its Q1 2027 guidance at 4.150-4.550 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 18.28 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

Key Headlines Impacting Applied Materials

Here are a few of the latest headlines about AMAT:

• Positive Sentiment: Fiscal Q4 revenue reached a record $10.41 billion, up 53% year over year, while non-GAAP EPS rose 92% to $4.16; both topped analysts’ estimates. The company also reported higher margins and returned $2.42 billion to shareholders through dividends and buybacks. Applied Materials Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Management’s outlook points to continued momentum: it forecast Q1 revenue of $10.6 billion–$11.6 billion and expects Semiconductor Systems revenue to grow more than 40% in calendar 2026. AI-related chip demand and capacity investment are key drivers of the forecast. Applied Materials sees semiconductor systems growth above 40%
• Negative Sentiment: The strong quarter has not overcome weak sector sentiment: multiple analysts lowered price targets, citing valuation or semiconductor-equipment multiple compression, although most maintained Buy or Overweight ratings. A broader chip-stock sell-off and lingering concerns around AI-related trades have also weighed on the reaction. Analysts cut targets despite strong results

Applied Materials Company 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.