1,508 Applied Materials, Inc. $AMAT Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 16.0% during the third quarter, Holdings Channel.com reports. The fund owned 7,934 shares of the manufacturing equipment provider’s stock after selling 1,508 shares during the period. KMG Fiduciary Partners LLC’s holdings in Applied Materials were worth $4,057,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its position in shares of Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after purchasing an additional 17 shares during the last quarter. Innovative Asset Advisors Group LLC grew its position in Applied Materials by 2.1% during the 2nd quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock worth $695,000 after purchasing an additional 20 shares during the last quarter. Stonebridge Financial Group LLC grew its position in Applied Materials by 2.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after purchasing an additional 21 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in Applied Materials by 5.9% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock worth $273,000 after purchasing an additional 21 shares during the last quarter. Finally, IMG Wealth Management Inc. increased its stake in Applied Materials by 13.0% during the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock valued at $132,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials News Summary

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

• Positive Sentiment: Applied Materials highlighted substantial long-term opportunities at its investor day, including plans to gain more than two percentage points of semiconductor-equipment market share by 2030, grow eBeam equipment revenue to $2 billion in 2026 and increase semiconductor services revenue to more than $12 billion by 2030. Cantor Fitzgerald commentary on Applied Materials
• Positive Sentiment: The company’s new $5 billion EPIC Center in Silicon Valley is intended to accelerate semiconductor process and equipment innovation by bringing chipmakers, equipment partners and universities together, supporting future AI-chip demand. Applied Materials EPIC Center announcement
• Positive Sentiment: Cantor Fitzgerald maintained an $850 price target, indicating that it sees significant upside from current levels. Bank of America also recently reiterated a Buy rating with a $650 target. Bank of America rating

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMAT shares. Weiss Ratings cut shares of Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $605.00 price objective (down from $680.00) on shares of Applied Materials in a report on Friday, August 14th. Citigroup reissued a “buy” rating and issued a $710.00 target price (up from $550.00) on shares of Applied Materials in a research report on Monday, August 3rd. New Street Research cut their target price on Applied Materials from $580.00 to $525.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Finally, UBS Group raised their target price on Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $640.20.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $464.24 on Wednesday. Applied Materials, Inc. has a 52 week low of $203.40 and a 52 week high of $739.67. The business’s 50 day moving average price is $486.82 and its 200 day moving average price is $484.20. 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 firm has a market cap of $368.42 billion, a P/E ratio of 40.02, a P/E/G ratio of 1.38 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last posted 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. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the firm posted $2.48 EPS. Applied Materials’s revenue for the quarter was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, sell-side analysts expect that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s dividend payout ratio is 18.28%.

Insider Transactions at Applied Materials

In related news, CFO Brice Hill sold 7,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Adam Sanders sold 725 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $544.56, for a total transaction of $394,806.00. Following the transaction, the chief accounting officer owned 3,181 shares of the company’s stock, valued at $1,732,245.36. This represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,225 shares of company stock worth $4,454,181 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Applied Materials Company Profile

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.