Worth Asset Management LLC Sells 3,649 Shares of Applied Materials, Inc. $AMAT

Worth Asset Management LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 69.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,642 shares of the manufacturing equipment provider’s stock after selling 3,649 shares during the quarter. Worth Asset Management LLC’s holdings in Applied Materials were worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Financial Freedom LLC bought a new position in Applied Materials in the 1st quarter worth $28,000. Elevation Wealth Partners LLC increased its stake in Applied Materials by 34.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock worth $67,000 after buying an additional 24 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in Applied Materials during the fourth quarter valued at about $25,000. Whipplewood Advisors LLC raised its holdings in Applied Materials by 218.8% during the first quarter. Whipplewood Advisors LLC now owns 102 shares of the manufacturing equipment provider’s stock valued at $35,000 after acquiring an additional 70 shares during the period. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of Applied Materials in the fourth quarter valued at about $26,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials News Roundup

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

• Positive Sentiment: Analysts remain broadly optimistic about AMAT, with consensus price targets implying additional upside. Citi reportedly identified Applied Materials as a top semiconductor pick following the sector’s selloff, while other coverage highlights the company’s strong position in deposition, etch, inspection and wafer-processing equipment. Are Wall Street Analysts Predicting Applied Materials Stock Will Climb or Sink?
• Positive Sentiment: AI infrastructure spending is supporting the outlook for semiconductor manufacturing equipment. A potential Tesla-SpaceX “Terafab” buildout, along with rising demand for AI chips, advanced packaging and memory, could create additional opportunities for Applied Materials. Tesla-SpaceX Terafab Bet
• Positive Sentiment: Expectations for the August 13 report are favorable: analysts anticipate earnings growth and a potential beat. Applied Materials’ previous quarter exceeded consensus on both earnings and revenue, with revenue up 11.4% year over year, providing a constructive comparison for the upcoming release. Applied Materials Reports Next Week
• Neutral Sentiment: Options markets are pricing a potentially large earnings move, reportedly around 11%. That highlights significant event risk: a strong report and outlook could extend the rally, but merely meeting high expectations may not be enough. Options Market and AMAT’s Earnings Move
• Negative Sentiment: Erste Group Bank lowered its rating on AMAT to Hold. The downgrade adds pressure after the stock’s strong rebound and reinforces concerns that substantial AI optimism is already reflected in the valuation. Applied Materials Rating Lowered to Hold
• Negative Sentiment: Investor Michael Burry’s disclosed short positions in AI-linked semiconductor names, including Applied Materials, have revived concerns about an AI-stock reversal and heightened volatility. As Burry Targets AI Chip Names

Insider Buying and Selling at Applied Materials

In related news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction on 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 completion of the sale, the senior vice president owned 146,916 shares in the company, valued at $87,184,361.88. This represents a 14.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 278,088 shares of company stock worth $169,654,805. Company insiders own 0.30% of the company’s stock.

Applied Materials Trading Up 2.2%

Shares of Applied Materials stock opened at $539.14 on Friday. The firm has a market cap of $428.06 billion, a price-to-earnings ratio of 50.62, a PEG ratio of 1.34 and a beta of 1.61. The business has a 50-day moving average price of $559.47 and a 200-day moving average price of $437.71. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 12.17 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials’s payout ratio is presently 19.91%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMAT shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $525.00 price objective on shares of Applied Materials in a research note on Friday, May 15th. Wells Fargo & Company lifted their target price on Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Stifel Nicolaus boosted their price target on Applied Materials from $530.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Citigroup restated a “buy” rating on shares of Applied Materials in a research note on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $603.23.

About Applied Materials

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.