Applied Materials, Inc. $AMAT Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 77.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,583 shares of the manufacturing equipment provider’s stock after selling 15,881 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Applied Materials were worth $938,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Marquette Asset Management LLC boosted its stake in Applied Materials by 150.0% during the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the third quarter worth $26,000. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Materials in the second quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Applied Materials in the third quarter worth about $31,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Applied Materials in the second quarter worth about $32,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of AMAT stock opened at $346.18 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94. The company has a market capitalization of $274.73 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.65. The firm’s 50-day moving average is $335.72 and its two-hundred day moving average is $264.45. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $395.95.

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

Applied Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.6%. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 21st. Applied Materials’s payout ratio is 18.83%.

Analysts Set New Price Targets

Several analysts recently issued reports on AMAT shares. UBS Group set a $430.00 price objective on shares of Applied Materials in a research note on Friday, February 13th. Mizuho raised their target price on shares of Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Citigroup boosted their target price on Applied Materials from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, February 13th. DZ Bank upgraded Applied Materials to a “hold” rating in a research report on Monday, February 16th. Finally, Susquehanna raised Applied Materials from a “neutral” rating to a “positive” rating and increased their price target for the company from $180.00 to $400.00 in a report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $363.46.

Insiders Place Their Bets

In other news, CAO Adam Sanders sold 534 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total transaction of $202,471.44. Following the completion of the transaction, the chief accounting officer directly owned 4,625 shares in the company, valued at approximately $1,753,615. This represents a 10.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brice Hill sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total value of $1,806,050.00. Following the sale, the chief financial officer directly owned 138,565 shares of the company’s stock, valued at $50,051,063.65. The trade was a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,003 shares of company stock valued at $4,484,189 over the last quarter. 0.30% of the stock is owned by insiders.

Applied Materials Company 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.