Bangor Savings Bank Sells 2,302 Shares of Applied Materials, Inc. $AMAT

Bangor Savings Bank cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,759 shares of the manufacturing equipment provider’s stock after selling 2,302 shares during the quarter. Bangor Savings Bank’s holdings in Applied Materials were worth $3,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMAT. Harborfront Financial Group LLC bought a new position in shares of Applied Materials in the 2nd quarter worth $27,000. Orion Capital Management LLC bought a new stake in Applied Materials in the second quarter valued at about $33,000. Highland Investment Advisors LLC acquired a new position in Applied Materials in the second quarter valued at about $33,000. BOK Financial Private Wealth Inc. acquired a new position in Applied Materials in the second quarter valued at about $41,000. Finally, Financial Freedom LLC bought a new position in Applied Materials during the first quarter worth about $28,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Applied Materials and Intel announced a collaboration focused on next-generation transistors, interconnects and advanced packaging for AI chips. Work will take place at Applied’s EPIC Center in Silicon Valley and Intel’s Oregon R&D campus, strengthening AMAT’s position in the development of future AI-computing technologies. Applied Materials and Intel Collaborate to Accelerate Chipmaking Innovations for AI-Driven Computing
• Positive Sentiment: Recent partnerships involving KIOXIA in advanced memory and BE Semiconductor Industries in packaging and interconnects broaden Applied Materials’ exposure to the AI semiconductor buildout. These initiatives support the long-term outlook for wafer-fabrication equipment and related services. Applied Materials AI Chip Memory and Packaging Partnerships
• Positive Sentiment: Goldman Sachs identified Applied Materials as a tactical semiconductor stock ahead of earnings, citing improving sector conditions and expectations for an earnings boost. Analysts also point to AI-driven wafer-fabrication-equipment demand, strong Applied Global Services growth and capacity expansion as supporting factors. 3 Chip Stocks Set for an Earnings Boost
• Neutral Sentiment: Investor attention and options activity around AMAT have increased, but these indicators do not establish a clear fundamental direction. Commentary also notes that the stock returned 143.9% over the prior 12 months, substantially outperforming the S&P 500, raising expectations for continued execution.
• Negative Sentiment: The stock’s valuation remains demanding, with a reported price-to-earnings ratio above 45, leaving less room for disappointment after its sharp advance. Chief Accounting Officer Adam Sanders sold 725 shares to cover tax withholding tied to vested equity awards; the transaction was relatively small and does not necessarily signal a change in management’s outlook. Applied Materials CAO Sells 725 Shares

Applied Materials Stock Down 2.2%

Shares of NASDAQ AMAT traded down $12.01 during mid-day trading on Tuesday, reaching $530.27. 4,868,343 shares of the company’s stock were exchanged, compared to its average volume of 7,918,469. Applied Materials, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $420.82 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 1.50 and a beta of 1.60. The business has a fifty day simple moving average of $487.06 and a 200 day simple moving average of $479.42.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. The business 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 quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts expect that Applied Materials, Inc. will post 12.79 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio is currently 18.28%.

Analyst Ratings Changes

Several research firms have recently issued reports on AMAT. Needham & Company LLC restated a “buy” rating and set a $740.00 target price on shares of Applied Materials in a research report on Friday, August 14th. Berenberg Bank increased their price target on shares of Applied Materials from $575.00 to $675.00 and gave the company a “buy” rating in a research report on Monday, August 17th. The Goldman Sachs Group lifted their price objective on shares of Applied Materials from $645.00 to $670.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Evercore boosted their price objective on shares of Applied Materials from $515.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $640.20.

Insider Transactions at Applied Materials

In related news, Director Judy Bruner sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the transaction, the director directly owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. This represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brice Hill sold 7,500 shares of the business’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 completion of the sale, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. This trade represents a 5.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,225 shares of company stock valued at $4,454,181 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

About Applied Materials

Applied Materials, Inc is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company’s offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.