Mackenzie Financial Corp Has $51.65 Million Stock Holdings in Applied Materials, Inc. $AMAT

Mackenzie Financial Corp boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 39.6% in the third quarter, Holdings Channel reports. The institutional investor owned 252,275 shares of the manufacturing equipment provider’s stock after acquiring an additional 71,528 shares during the quarter. Mackenzie Financial Corp’s holdings in Applied Materials were worth $51,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMAT. Capital Research Global Investors raised its holdings in shares of Applied Materials by 225.4% during the third quarter. Capital Research Global Investors now owns 14,877,672 shares of the manufacturing equipment provider’s stock worth $3,046,057,000 after acquiring an additional 10,305,182 shares in the last quarter. Norges Bank purchased a new position in Applied Materials in the second quarter valued at about $1,604,002,000. Sanders Capital LLC purchased a new position in Applied Materials in the second quarter valued at about $1,409,320,000. Alliancebernstein L.P. increased its position in Applied Materials by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock worth $2,483,183,000 after purchasing an additional 5,700,349 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Applied Materials by 1,704.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider’s stock worth $499,483,000 after purchasing an additional 2,304,369 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMAT shares. Morgan Stanley lifted their price target on Applied Materials from $420.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. UBS Group set a $430.00 price objective on shares of Applied Materials in a research report on Friday, February 13th. Weiss Ratings upgraded shares of Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Bank of America boosted their target price on shares of Applied Materials from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company increased their price target on shares of Applied Materials from $350.00 to $435.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $363.46.

More Applied Materials News

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied announced partnerships with Micron and SK Hynix to develop next‑generation AI memory chips — a direct demand driver for AMAT’s wafer‑fab equipment and services if customers scale production. Applied Materials and Micron Are Partnering on Memory
• Positive Sentiment: Market coverage has highlighted AMAT’s AI exposure and momentum; reports note the stock reacted higher to the memory deals and analyst writeups emphasize resilience in the semiconductor rebound — supportive for investor sentiment and valuation. Applied Materials stock gains on AI memory deals
• Positive Sentiment: Analyst/commentary pieces (Zacks, JPMorgan summaries) continue to call out Applied as a beneficiary of a semiconductor equipment rebound, reinforcing longer‑term earnings and margin expectations. Zacks Analyst Blog on Applied Materials
• Neutral Sentiment: Public short‑interest data shown in the feed appears anomalous (0 shares / NaN change) and gives no actionable signal about bearish positioning — treat as unreliable until clarified by official exchange short‑interest releases.
• Negative Sentiment: Broader chip stocks, including peers, slid amid higher oil prices and Middle East tensions that pushed risk‑off flows; macro/geopolitical volatility is pulling cyclical names like AMAT lower despite company‑level positives. Nvidia, Broadcom, Micron Fall as Oil Risk Sends Shockwaves Through Tech

Applied Materials Stock Down 3.9%

AMAT opened at $337.27 on Friday. The firm has a market cap of $267.66 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71. The business has a 50 day moving average price of $333.03 and a 200 day moving average price of $260.55. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $395.95.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.21 by $0.17. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the company posted $2.38 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 534 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total transaction of $202,471.44. Following the completion of the sale, the chief accounting officer directly owned 4,625 shares in the company, valued at $1,753,615. This represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brice Hill sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $361.21, for a total value of $1,806,050.00. Following the completion of the sale, the chief financial officer directly owned 138,565 shares in the company, valued at approximately $50,051,063.65. This represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,003 shares of company stock worth $4,484,189. 0.30% of the stock is owned by insiders.

Applied Materials 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.