KMG Fiduciary Partners LLC Sells 1,508 Shares of Applied Materials, Inc. $AMAT

KMG Fiduciary Partners LLC lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,934 shares of the manufacturing equipment provider’s stock after selling 1,508 shares during the period. KMG Fiduciary Partners LLC’s holdings in Applied Materials were worth $4,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMAT. State Street Corp grew its holdings in Applied Materials by 85.4% during the 2nd quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after acquiring an additional 32,018,892 shares in the last quarter. Bank of America Corp DE purchased a new position in Applied Materials during the 2nd quarter valued at about $5,252,863,000. Auto Owners Insurance Co increased its position in Applied Materials by 25,824.4% during the 4th quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock valued at $86,610,000 after purchasing an additional 3,357,167 shares during the period. Jupiter Topco LLC bought a new stake in shares of Applied Materials in the 2nd quarter valued at about $1,512,287,000. Finally, Amundi raised its holdings in shares of Applied Materials by 19.0% in the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock valued at $5,645,344,000 after purchasing an additional 1,246,876 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Price Performance

AMAT opened at $464.24 on Wednesday. The business’s 50-day moving average is $486.82 and its two-hundred day moving average is $484.20. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The firm has a market capitalization of $368.42 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm posted $2.48 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts anticipate that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s dividend payout ratio is presently 18.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMAT shares. UBS Group upped their price target on shares of Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Rothschild & Co Redburn lifted their price objective on shares of Applied Materials from $450.00 to $560.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. TD Cowen reissued a “buy” rating and set a $700.00 price objective on shares of Applied Materials in a report on Friday, August 14th. The Goldman Sachs Group boosted their price objective on shares of Applied Materials from $645.00 to $670.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, William Blair initiated coverage on Applied Materials in a report on Tuesday, August 11th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $640.20.

Insider Activity at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total value of $3,594,375.00. Following the transaction, the chief financial officer directly owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Adam Sanders sold 725 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the transaction, the chief accounting officer directly owned 3,181 shares in the company, 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 sold 9,225 shares of company stock valued at $4,454,181 over the last 90 days. Insiders own 0.30% of the company’s stock.

More Applied Materials News

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

• Positive Sentiment: Applied Materials highlighted substantial long-term opportunities at its investor day, including plans to gain more than two percentage points of semiconductor-equipment market share by 2030, grow eBeam equipment revenue to $2 billion in 2026 and increase semiconductor services revenue to more than $12 billion by 2030. Cantor Fitzgerald commentary on Applied Materials
• Positive Sentiment: The company’s new $5 billion EPIC Center in Silicon Valley is intended to accelerate semiconductor process and equipment innovation by bringing chipmakers, equipment partners and universities together, supporting future AI-chip demand. Applied Materials EPIC Center announcement
• Positive Sentiment: Cantor Fitzgerald maintained an $850 price target, indicating that it sees significant upside from current levels. Bank of America also recently reiterated a Buy rating with a $650 target. Bank of America rating

Applied Materials Company Profile

Applied Materials, Inc is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company’s offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.