2,382 Shares in Applied Materials, Inc. $AMAT Purchased by MV Capital Management Inc.

MV Capital Management Inc. bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,382 shares of the manufacturing equipment provider’s stock, valued at approximately $612,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Applied Materials by 26.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock worth $590,000 after acquiring an additional 679 shares during the period. Forefront Wealth Partners LLC bought a new stake in Applied Materials during the 2nd quarter worth approximately $410,000. Schnieders Capital Management LLC. lifted its stake in Applied Materials by 30.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock worth $2,747,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Applied Materials by 59.3% in the 2nd quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock valued at $77,383,000 after purchasing an additional 157,426 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 4.1%

Shares of NASDAQ:AMAT opened at $617.11 on Friday. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $638.90. The firm has a fifty day moving average of $446.42 and a 200 day moving average of $363.12. The firm has a market capitalization of $489.96 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts anticipate that Applied Materials, Inc. will post 12.1 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. Stockholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. Applied Materials’s dividend payout ratio is 19.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMAT. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Applied Materials in a report on Friday, May 15th. Wall Street Zen upgraded Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Jefferies Financial Group upped their target price on Applied Materials from $415.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays lifted their price target on Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $489.16.

Key Applied Materials News

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

• Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
• Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle

Insider Activity at Applied Materials

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the sale, the insider owned 356,642 shares of the company’s stock, valued at $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the transaction, the director owned 40,559 shares in the company, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,767 shares of company stock worth $107,769,409 in the last quarter. 0.30% of the stock is owned by company 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.