Engineers Gate Manager LP Decreases Stock Holdings in Applied Materials, Inc. $AMAT

Engineers Gate Manager LP lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 36.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,510 shares of the manufacturing equipment provider’s stock after selling 31,299 shares during the quarter. Applied Materials accounts for 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 24th biggest holding. Engineers Gate Manager LP’s holdings in Applied Materials were worth $40,134,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMAT. Brighton Jones LLC boosted its holdings in shares of Applied Materials by 28.0% in the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after buying an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Applied Materials by 26.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock worth $590,000 after acquiring an additional 679 shares in the last quarter. Forefront Wealth Partners LLC bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $410,000. Schnieders Capital Management LLC. lifted its position in Applied Materials by 30.1% during the second quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock valued at $2,747,000 after acquiring an additional 3,469 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Applied Materials by 59.3% during the second quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock valued at $77,383,000 after acquiring an additional 157,426 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMAT has been the topic of several analyst reports. UBS Group lifted their price target on shares of Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. HC Wainwright set a $850.00 price objective on Applied Materials in a report on Monday, June 29th. Raymond James Financial set a $650.00 price objective on Applied Materials in a research report on Wednesday, June 10th. Jefferies Financial Group boosted their target price on Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, KeyCorp upped their target price on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $658.45.

Applied Materials Stock Up 4.0%

Shares of AMAT stock opened at $472.79 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $161.75 and a fifty-two week high of $739.67. The firm has a market capitalization of $375.21 billion, a PE ratio of 40.76, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock’s 50-day simple moving average is $523.44 and its 200-day simple moving average is $462.73.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping 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%.The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts expect that Applied Materials, Inc. will post 12.76 earnings per share for the current year.

Insider Activity at Applied Materials

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total value of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares in the company, valued at $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Dickerson sold 71,727 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer directly owned 1,695,164 shares of the company’s stock, valued at approximately $1,006,503,625. This trade represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 231,692 shares of company stock worth $146,114,059 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.