Jennison Associates LLC Has $119.86 Million Stock Holdings in Applied Materials, Inc. $AMAT

Jennison Associates LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 43.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 165,784 shares of the manufacturing equipment provider’s stock after selling 126,503 shares during the period. Jennison Associates LLC’s holdings in Applied Materials were worth $119,862,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMAT. Capital Research Global Investors lifted its stake in shares of Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after acquiring an additional 17,829,377 shares during the period. Norges Bank bought a new position in Applied Materials in the fourth quarter valued at about $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Applied Materials by 617.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock worth $1,869,170,000 after purchasing an additional 7,856,576 shares during the period. Auto Owners Insurance Co increased its position in Applied Materials by 25,824.4% in the fourth quarter. Auto Owners Insurance Co now owns 3,370,167 shares of the manufacturing equipment provider’s stock worth $86,610,000 after purchasing an additional 3,357,167 shares during the period. Finally, Coatue Management LLC raised its holdings in Applied Materials by 78.7% during the 4th quarter. Coatue Management LLC now owns 5,984,332 shares of the manufacturing equipment provider’s stock worth $1,537,913,000 after purchasing an additional 2,635,284 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials News Roundup

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

• Positive Sentiment: Record quarterly performance: Fiscal Q3 revenue rose 24.8% year over year to $9.12 billion, ahead of the $8.99 billion consensus estimate, while adjusted EPS of $3.50 exceeded expectations. AI infrastructure demand, advanced packaging and memory spending supported growth. Applied Materials Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: Management projected fiscal Q4 revenue of approximately $9.8 billion to $10.8 billion and EPS of $3.82 to $4.22, both above analyst expectations. The company also pointed to stronger systems growth and unusually long customer visibility into fiscal 2027 and beyond. Applied Materials Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Analyst and institutional support: JPMorgan, RBC, TD Cowen, B. Riley, Needham and other firms maintained positive ratings or raised price targets. Soros Capital also reportedly added AMAT among several semiconductor positions, reinforcing the longer-term AI and chip-cycle investment case. Soros Capital Loads Up on Semiconductor Stocks
• Neutral Sentiment: Options imply a possible rebound: Derivatives-market data indicates traders expect the pullback could be temporary, although elevated volatility reflects uncertainty over the stock’s near-term direction. Applied Materials Options Data
• Negative Sentiment: Expectations were exceptionally high: Despite the earnings beat and upbeat guidance, investors wanted faster growth and clearer evidence that AMAT is outpacing rivals in semiconductor manufacturing equipment. Concerns about competition, margins and the pace of systems growth overshadowed the headline results. Applied Materials Slips as Investors Seek Faster Growth
• Negative Sentiment: Broader market pressure added to selling: Weaker July retail-sales data, profit-taking after record highs and a semiconductor-sector selloff weighed on AMAT and other AI-related stocks.

Applied Materials Price Performance

Shares of AMAT opened at $507.18 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The stock has a market cap of $402.68 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 1.35 and a beta of 1.61. The stock’s 50-day moving average price is $564.15 and its two-hundred day moving average price is $444.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 39.58% and a net margin of 30.05%.Applied Materials’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 12.22 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.53 per share. The ex-dividend date 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 currently 19.91%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho upped their target price on shares of Applied Materials from $540.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. TD Cowen reiterated a “buy” rating and set a $700.00 price target on shares of Applied Materials in a research report on Friday. Citigroup reissued a “buy” rating on shares of Applied Materials in a research note on Monday, August 3rd. William Blair started coverage on shares of Applied Materials in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $640.17.

Insider Transactions at Applied Materials

In other Applied Materials news, CEO Gary E. Dickerson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total value of $14,704,400.00. Following the completion of the sale, the chief executive officer owned 1,599,843 shares of the company’s stock, valued at approximately $1,176,236,570.46. This represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the sale, the insider owned 346,642 shares in the company, valued at approximately $219,608,106.26. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 278,088 shares of company stock valued at $169,654,805. Corporate insiders own 0.30% of the company’s stock.

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.