Elevation Point Wealth Partners LLC Reduces Stock Position in Applied Materials, Inc. $AMAT

Elevation Point Wealth Partners LLC cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,659 shares of the manufacturing equipment provider’s stock after selling 1,548 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Applied Materials were worth $9,152,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new position in shares of Applied Materials in the fourth quarter valued at $26,000. Harborfront Financial Group LLC purchased a new position in shares of Applied Materials in the second quarter valued at $27,000. Financial Freedom LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at $28,000. Finally, Joseph Group Capital Management bought a new stake in shares of Applied Materials during the 4th quarter valued at $31,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $480.04 on Wednesday. The stock has a market cap of $380.96 billion, a P/E ratio of 41.38, a PEG ratio of 1.04 and a beta of 1.61. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $558.87 and its two-hundred day moving average price is $454.37. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates 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 was up 24.8% on a year-over-year basis. During the same quarter in the previous 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, equities analysts predict that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s payout ratio is currently 18.28%.

More Applied Materials News

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

• Positive Sentiment: Goldman Sachs reportedly named Applied Materials a “top pick,” citing the company’s exposure to the continued buildout of AI infrastructure and chip-manufacturing capacity. Applied Materials Stock Is Named a Top Pick at Goldman Sachs
• Positive Sentiment: Analysts see significant upside after the stock’s decline from its high, with AI-driven semiconductor investment and record quarterly revenue supporting bullish price targets. One report cited an average target near $641, implying roughly 32% potential appreciation from recent levels. Wall Street Sees Rally Despite Decline From Peak
• Positive Sentiment: Applied Materials is viewed as a key beneficiary of AI infrastructure spending because its equipment and engineering solutions are essential to advanced semiconductor manufacturing. Why Investors Should Buy the Dip in AMAT
• Neutral Sentiment: Mizuho lowered its Applied Materials price target from $650 to $590 but retained an “outperform” rating. The reduced target reflects more cautious expectations, while the rating still indicates confidence in the company’s longer-term prospects. Benzinga
• Neutral Sentiment: The reported August short-interest figures show zero shares and a mathematically invalid change, making the data unreliable and unlikely to provide a meaningful trading signal.
• Negative Sentiment: Semiconductor stocks broadly declined as investors reduced risk ahead of NVIDIA’s results, weighing on Applied Materials alongside other chipmakers. Semiconductor Stocks Slide Ahead of NVIDIA Earnings

Insider Transactions at Applied Materials

In other news, Director Thomas J. Iannotti sold 9,250 shares of Applied Materials stock in a transaction 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 completion of the sale, the director directly owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president owned 146,916 shares of the company’s stock, valued at $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 276,692 shares of company stock worth $169,030,834. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AMAT. Argus set a $600.00 target price on Applied Materials in a research note on Tuesday, August 18th. Morgan Stanley lowered their price target on shares of Applied Materials from $646.00 to $642.00 and set an “equal weight” rating on the stock in a report on Friday, August 14th. Wells Fargo & Company raised their price objective on shares of Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $740.00 price objective on shares of Applied Materials in a research note on Friday, August 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Applied Materials in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $657.76.

Applied Materials 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.