Applied Materials, Inc. $AMAT Shares Purchased by Summit Global Investments

Summit Global Investments raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 997.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,509 shares of the manufacturing equipment provider’s stock after buying an additional 4,098 shares during the quarter. Summit Global Investments’ holdings in Applied Materials were worth $2,306,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMAT. Harborfront Financial Group LLC acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $27,000. Financial Freedom LLC bought a new stake in shares of Applied Materials in the 1st quarter valued at approximately $28,000. Curry Webb Wealth Management LLC acquired a new stake in shares of Applied Materials during the 3rd quarter valued at approximately $30,000. Dakota Community Bank & Trust NA acquired a new stake in shares of Applied Materials during the 3rd quarter valued at approximately $31,000. Finally, Orion Capital Management LLC bought a new position in Applied Materials during the second quarter worth $33,000. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 25,544 shares in the company, valued at $11,877,960. The trade was a 3.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,225 shares of company stock worth $4,454,181. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research reports. Needham & Company LLC decreased their price objective on shares of Applied Materials from $740.00 to $580.00 and set a “buy” rating for the company in a report on Friday, October 16th. UBS Group raised their target price on shares of Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $605.00 target price (down from $680.00) on shares of Applied Materials in a research note on Friday, August 14th. Erste Group Bank lowered Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, 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. Thirty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $632.70.

More Applied Materials News

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

• Positive Sentiment: Applied Materials’ planned move to raise its Besi stake to 20% is strengthening its exposure to hybrid bonding, a packaging technology that could benefit from rising AI-chip complexity. TIKR describes a bullish long-term scenario, with a potential price target of approximately $806 versus a roughly $628 Wall Street target. Applied Materials hybrid bonding analysis
• Positive Sentiment: Recent coverage highlights a quarter with 51% growth and argues that AMAT trades at about 23 times forward earnings, a valuation that may look reasonable if AI-related semiconductor-equipment demand remains strong. The company also recently exceeded earnings and revenue estimates and issued fourth-quarter EPS guidance of $3.82–$4.22. Applied Materials growth and valuation analysis
• Neutral Sentiment: AMAT is attracting unusually high investor attention, but the Zacks reports primarily review the company’s prospects rather than identify a new fundamental catalyst. Zacks Applied Materials investor attention report
• Negative Sentiment: Compared with Taiwan Semiconductor Manufacturing, Applied Materials has shown a flatter revenue trajectory and less consistent quarter-over-quarter growth. That comparison may reinforce concerns that AMAT’s elevated valuation already discounts substantial AI-driven demand. Applied Materials versus Taiwan Semiconductor Manufacturing

Applied Materials Stock Performance

Shares of AMAT opened at $390.09 on Friday. Applied Materials, Inc. has a 1 year low of $203.40 and a 1 year high of $739.67. The company has a market cap of $309.58 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The firm has a fifty day moving average of $457.66 and a 200-day moving average of $443.63.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the company earned $2.48 EPS. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts anticipate that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Applied Materials Company Profile

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.