Peak Asset Management LLC Has $11.10 Million Holdings in Applied Materials, Inc. $AMAT

Peak Asset Management LLC grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 29.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,352 shares of the manufacturing equipment provider’s stock after purchasing an additional 3,521 shares during the quarter. Applied Materials accounts for approximately 1.6% of Peak Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Peak Asset Management LLC’s holdings in Applied Materials were worth $11,100,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Caldwell Investment Management Ltd. acquired a new position in shares of Applied Materials during the second quarter valued at about $1,589,000. Evolve Private Wealth LLC grew its stake in shares of Applied Materials by 59.0% in the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock valued at $983,000 after buying an additional 1,067 shares during the period. WealthPlan Investment Management LLC acquired a new stake in shares of Applied Materials in the 4th quarter valued at about $1,082,000. Ameritas Advisory Services LLC increased its position in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider’s stock valued at $790,000 after buying an additional 1,990 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Applied Materials by 29.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 462,685 shares of the manufacturing equipment provider’s stock valued at $334,521,000 after buying an additional 105,776 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of AMAT opened at $479.76 on Thursday. 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 has a 50 day moving average price of $556.61 and a two-hundred day moving average price of $455.61. The firm has a market capitalization of $380.74 billion, a P/E ratio of 41.36, a P/E/G ratio of 1.03 and a beta of 1.61. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week 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. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the business posted $2.48 earnings per share. The company’s quarterly revenue 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. Equities analysts forecast that Applied Materials, Inc. will post 12.73 earnings per share 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. Investors of record on Thursday, August 20th will be given 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 dividend payout ratio is presently 18.28%.

Analyst Ratings Changes

Several research analysts have issued reports on AMAT shares. Wolfe Research increased their price target on Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Zacks Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. UBS Group set a $675.00 target price on Applied Materials and gave the stock a “buy” rating in a research report on Friday, August 14th. Erste Group Bank cut Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, HSBC reissued a “buy” rating and issued a $683.00 price target on shares of Applied Materials in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $657.76.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at $79,534,609.56. The trade was a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the transaction, the insider directly owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 276,692 shares of company stock worth $169,030,834. 0.30% of the stock is currently owned by insiders.

Applied Materials News Summary

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

• Positive Sentiment: AI infrastructure is supporting a new growth cycle. Chipmakers are increasing spending on advanced DRAM, high-bandwidth memory, leading-edge logic and advanced packaging—all areas that benefit Applied Materials’ semiconductor equipment business. The company’s latest quarter showed revenue growth of 24.8% year over year, with earnings and revenue exceeding analyst expectations. Applied Materials Enters a New AI-Driven Growth Cycle
• Positive Sentiment: Services and parts demand remain resilient. Applied Materials’ Applied Global Services (AGS) division reportedly reached record revenue and expanded margins, helped by subscription services, parts demand and higher semiconductor-fab utilization. This recurring revenue can provide stability across equipment cycles. AMAT’s AGS Business Gains Momentum
• Positive Sentiment: Analysts see potential upside after the recent selloff. Consensus price targets imply roughly 35% upside, while another report cited an average target near $641. However, these targets depend on continued earnings-estimate improvements and sustained AI spending. Analyst Upside Potential for AMAT
• Neutral Sentiment: Mizuho remains constructive but lowered its target. The firm reduced its price target from $650 to $590 while maintaining an “outperform” rating, reflecting a more cautious near-term outlook despite expected upside. Mizuho AMAT Price Target Update
• Negative Sentiment: China exposure is the main overhang. Tighter export controls and the emergence of Chinese domestic immersion DUV lithography systems are raising concerns about Applied Materials’ competitiveness and future China sales. Reports caution that not all of the company’s approximately $2.087 billion in quarterly China revenue is immediately threatened, but investors are still pricing in greater regulatory and competitive risk. Applied Materials’ China Problem Is Getting Worse

About Applied Materials

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.