Applied Materials, Inc. $AMAT Shares Sold by SVB Wealth LLC

SVB Wealth LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 29.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 16,760 shares of the manufacturing equipment provider’s stock after selling 7,113 shares during the period. Applied Materials makes up about 0.7% of SVB Wealth LLC’s holdings, making the stock its 28th largest holding. SVB Wealth LLC’s holdings in Applied Materials were worth $12,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of Applied Materials by 70,976.9% in the 2nd quarter. California State Teachers Retirement System now owns 870,192,678 shares of the manufacturing equipment provider’s stock valued at $629,149,306,000 after purchasing an additional 868,968,380 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares during the period. Capital Research Global Investors increased its position in shares of Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares during the last quarter. Morgan Stanley increased its position in shares of Applied Materials by 3.4% during the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock worth $2,947,891,000 after purchasing an additional 373,012 shares during the last quarter. Finally, Norges Bank purchased a new stake in Applied Materials in the 4th quarter valued at about $2,858,543,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMAT. Jefferies Financial Group upped their target price on shares of Applied Materials from $510.00 to $770.00 and gave the company a “buy” rating in a research report on Friday, June 26th. TD Cowen reiterated a “buy” rating and set a $700.00 price target on shares of Applied Materials in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $605.00 price target on shares of Applied Materials in a research note on Friday, August 14th. Zacks Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $658.45.

Insider Activity

In related news, CFO Brice Hill sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the sale, the chief financial officer directly owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 231,692 shares of company stock worth $146,114,059 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $472.79 on Wednesday. The stock has a market capitalization of $375.21 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. 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 business has a 50-day moving average of $523.44 and a 200 day moving average of $462.73. Applied Materials, Inc. has a 12 month low of $161.75 and a 12 month high of $739.67.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 12.76 earnings per share for the current year.

About Applied Materials

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.