Applied Materials, Inc. $AMAT Shares Newly Purchased by Waycross Partners LLC

Waycross Partners LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, Holdings Channel reports. The fund purchased 3,011 shares of the manufacturing equipment provider’s stock, valued at approximately $1,540,000.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its stake in Applied Materials by 2.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 15,392 shares of the manufacturing equipment provider’s stock valued at $7,871,000 after purchasing an additional 393 shares during the last quarter. Mader & Shannon Wealth Management Inc. boosted its stake in shares of Applied Materials by 9.1% during the 3rd quarter. Mader & Shannon Wealth Management Inc. now owns 469 shares of the manufacturing equipment provider’s stock worth $240,000 after purchasing an additional 39 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Applied Materials by 324.0% during the third quarter. CenterBook Partners LP now owns 36,079 shares of the manufacturing equipment provider’s stock worth $18,450,000 after buying an additional 27,569 shares in the last quarter. Canvas Wealth Advisors LLC grew its holdings in shares of Applied Materials by 16.0% during the third quarter. Canvas Wealth Advisors LLC now owns 948 shares of the manufacturing equipment provider’s stock worth $485,000 after buying an additional 131 shares in the last quarter. Finally, Asset One Wealth Management LLC raised its position in shares of Applied Materials by 23.9% in the third quarter. Asset One Wealth Management LLC now owns 22,202 shares of the manufacturing equipment provider’s stock valued at $11,354,000 after buying an additional 4,287 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Up 4.2%

NASDAQ AMAT traded up $13.46 during trading hours on Friday, hitting $332.71. The company had a trading volume of 9,456,460 shares, compared to its average volume of 7,369,214. The firm’s 50 day moving average is $444.84 and its 200 day moving average is $444.66. The company has a market capitalization of $264.04 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.73 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a fifty-two week low of $203.40 and a fifty-two week 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 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. Applied Materials’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 annualized dividend and a yield of 0.6%. Applied Materials’s dividend payout ratio (DPR) is currently 18.28%.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
• Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
• Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
• Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 725 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the sale, the chief accounting officer owned 3,181 shares of the company’s stock, valued at $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of the firm’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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,225 shares of company stock worth $4,454,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

AMAT has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Applied Materials in a research note on Tuesday, October 20th. The Goldman Sachs Group raised their target price on shares of Applied Materials from $645.00 to $670.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Citigroup reaffirmed a “buy” rating and issued a $710.00 target price (up from $550.00) on shares of Applied Materials in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $605.00 price target (down from $680.00) on shares of Applied Materials in a report on Friday, August 14th. Finally, Stifel Nicolaus increased their price target on Applied Materials from $530.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Thirty equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $632.01.

Applied Materials Profile

Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.

The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.