NewEdge Advisors LLC Increases Stock Position in Applied Materials, Inc. $AMAT

NewEdge Advisors LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 154,918 shares of the manufacturing equipment provider’s stock after buying an additional 3,232 shares during the period. NewEdge Advisors LLC’s holdings in Applied Materials were worth $112,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMAT. Brighton Jones LLC lifted its holdings in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after purchasing an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Applied Materials by 26.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock worth $590,000 after buying an additional 679 shares in the last quarter. Forefront Wealth Partners LLC bought a new stake in Applied Materials in the 2nd quarter worth about $410,000. Schnieders Capital Management LLC. raised its position in Applied Materials by 30.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock worth $2,747,000 after buying an additional 3,469 shares during the last quarter. Finally, Sei Investments Co. raised its position in Applied Materials by 59.3% in the 2nd quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock worth $77,383,000 after buying an additional 157,426 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 4.0%

AMAT opened at $472.79 on Wednesday. The firm’s 50 day simple moving average is $523.44 and its two-hundred day simple moving average is $462.73. The company has a market capitalization of $375.21 billion, a PE ratio of 40.76, a PEG ratio of 1.27 and a beta of 1.60. Applied Materials, Inc. has a 1-year low of $161.75 and a 1-year high of $739.67. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20.

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 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 net margin of 30.05% and a return on equity of 38.02%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 12.76 EPS for the current year.

Insider Activity at Applied Materials

In other Applied Materials news, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Timothy Deane sold 8,621 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the sale, the senior vice president owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 231,692 shares of company stock valued at $146,114,059 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMAT shares. Wells Fargo & Company raised their price target on shares of Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Craig Hallum boosted their price objective on shares of Applied Materials from $530.00 to $585.00 and gave the company a “buy” rating in a report on Friday, August 14th. Citigroup restated a “buy” rating on shares of Applied Materials in a research report on Monday, August 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $645.00 target price on shares of Applied Materials in a report on Monday, August 3rd. Finally, KeyCorp lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average target price of $658.45.

Applied Materials Profile

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.