Twin Peaks Capital Ltd Takes Position in Applied Materials, Inc. $AMAT

Twin Peaks Capital Ltd purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, HoldingsChannel reports. The firm purchased 17,000 shares of the manufacturing equipment provider’s stock, valued at approximately $12,291,000. Applied Materials accounts for about 6.1% of Twin Peaks Capital Ltd’s investment portfolio, making the stock its 2nd largest position.

Several other large investors have also modified their holdings of AMAT. BlackRock Inc. grew its stake in Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after buying an additional 1,237,685 shares during the last quarter. Capital Research Global Investors increased its position in Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after buying an additional 17,829,377 shares in the last quarter. Amundi raised its stake in Applied Materials by 19.0% in the second quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock valued at $5,645,344,000 after buying an additional 1,246,876 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Applied Materials by 16.2% in the second quarter. Van ECK Associates Corp now owns 7,713,599 shares of the manufacturing equipment provider’s stock worth $5,576,932,000 after acquiring an additional 1,073,879 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Applied Materials in the second quarter worth about $5,252,863,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of Applied Materials stock traded down $1.11 during trading on Wednesday, hitting $420.06. 1,710,160 shares of the company’s stock were exchanged, compared to its average volume of 8,004,472. 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 business has a 50-day simple moving average of $507.85 and a 200-day simple moving average of $465.08. Applied Materials, Inc. has a 52-week low of $173.97 and a 52-week high of $739.67. The stock has a market capitalization of $333.36 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.18 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $8.99 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 12.76 EPS for the current 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 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 payout ratio is 18.28%.

Insider Buying and Selling

In related news, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 directly 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judy Bruner sold 1,000 shares of the business’s stock in a transaction that occurred 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 $11,877,960. The trade was a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 96,821 shares of company stock worth $65,944,771 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMAT. UBS Group boosted their price target on Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $740.00 price objective on shares of Applied Materials in a research report on Friday, August 14th. Jefferies Financial Group lifted their target price on shares of Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. KeyCorp boosted their target price on shares of Applied Materials from $550.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $658.45.

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.