Applied Materials, Inc. $AMAT Shares Sold by Keybank National Association OH

Keybank National Association OH cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,413 shares of the manufacturing equipment provider’s stock after selling 7,837 shares during the quarter. Keybank National Association OH’s holdings in Applied Materials were worth $55,440,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Harborfront Financial Group LLC purchased a new stake in shares of Applied Materials in the second quarter valued at about $27,000. Curry Webb Wealth Management LLC acquired a new stake in Applied Materials during the third quarter worth about $30,000. Dakota Community Bank & Trust NA acquired a new stake in Applied Materials during the third quarter worth about $31,000. Orion Capital Management LLC purchased a new position in Applied Materials during the second quarter worth about $33,000. Finally, Highland Investment Advisors LLC purchased a new position in Applied Materials during the second quarter worth about $33,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $515.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Citigroup reaffirmed a “buy” rating and set a $710.00 price target (up from $550.00) on shares of Applied Materials in a research report on Monday, August 3rd. Finally, Berenberg Bank lifted 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. Thirty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $625.76.

Applied Materials Stock Up 0.5%

Shares of NASDAQ:AMAT opened at $372.53 on Wednesday. The business has a 50-day moving average price of $441.30 and a 200 day moving average price of $445.16. 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 company has a market capitalization of $295.64 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.72 and a beta of 1.67. Applied Materials, Inc. has a 12-month low of $203.40 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the firm earned $2.48 EPS. Applied Materials’s 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. Sell-side analysts expect that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials’s dividend payout ratio (DPR) is currently 18.28%.

Insider Buying and Selling at Applied Materials

In other news, CFO Brice Hill sold 7,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. The trade was a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Adam Sanders sold 725 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the completion of the transaction, the chief accounting officer owned 3,181 shares in the company, valued at approximately $1,732,245.36. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,225 shares of company stock worth $4,454,181 over the last three months. Insiders own 0.30% of the company’s stock.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Expanding high-bandwidth memory (HBM) capacity could drive demand for semiconductor manufacturing and advanced-packaging equipment, creating a potential growth opportunity for Applied Materials. The Next AI Chip Shortage May Be the Machines That Make HBM
• Positive Sentiment: B. Riley lowered its price target to $475 from $700 but maintained a Buy rating, leaving substantial implied upside from the cited share price. B. Riley Cut Its Applied Materials Target to $475. It Still Sees 28% Upside
• Neutral Sentiment: Options traders are anticipating a potentially large post-earnings move, signaling heightened volatility rather than a clear directional view. Investors will be watching results and the company’s outlook. Why Options Traders Expect a Major Post-Earnings Reaction
• Negative Sentiment: A technical analysis article says AMAT is nearing a “death cross” after a steep retreat from its high, which could signal further downside if the bearish pattern forms. Applied Materials Stock: Death Cross Pattern Nears Ahead of Earnings
• Negative Sentiment: ETFs sold about $200.2 million of Applied Materials shares on Friday, adding a short-term source of selling pressure. ETFs Are Net Sellers of Applied Materials

Applied Materials Profile

Applied Materials, Inc. develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products. The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.