Applied Materials, Inc. $AMAT Shares Sold by Somerville Kurt F

Somerville Kurt F lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% during the 2nd quarter, Holdings Channel reports. The firm owned 21,077 shares of the manufacturing equipment provider’s stock after selling 1,170 shares during the quarter. Applied Materials makes up about 3.6% of Somerville Kurt F’s investment portfolio, making the stock its 6th biggest position. Somerville Kurt F’s holdings in Applied Materials were worth $15,239,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in Applied Materials in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Applied Materials during the fourth quarter worth approximately $26,000. Harborfront Financial Group LLC acquired a new stake in shares of Applied Materials during the second quarter worth approximately $27,000. Financial Freedom LLC bought a new position in shares of Applied Materials in the first quarter valued at approximately $28,000. Finally, Joseph Group Capital Management acquired a new position in shares of Applied Materials in the 4th quarter worth approximately $31,000. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Susquehanna increased their target price on Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Raymond James Financial set a $650.00 target price on Applied Materials in a research note on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $645.00 price target on shares of Applied Materials in a report on Monday, August 3rd. Finally, Wells Fargo & Company upped their price target on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $659.83.

Key Applied Materials News

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

• Positive Sentiment: AI demand supports the long-term outlook. JPMorgan reiterated an Overweight rating and estimates semiconductor-systems revenue could grow about 40% this year, with AI-related investment accounting for roughly 80% of chip-equipment demand. Applied Materials Sees Years Of AI-Fueled Growth Ahead
• Positive Sentiment: Advanced packaging and memory opportunities remain catalysts. New equipment launches are strengthening Applied Materials’ position in advanced packaging as demand for high-bandwidth memory (HBM) and semiconductor manufacturing capacity expands. Can Applied Materials Sustain Its Growth Amid AI-Driven Demand?
• Positive Sentiment: Brokerage coverage remains favorable. Berenberg issued a Buy rating, while broader analyst recommendations continue to point toward adding AMAT to portfolios. However, investors should note that consensus ratings can be overly optimistic because they are based on sell-side opinions. Applied Materials Receives a Buy from Berenberg Bank
• Neutral Sentiment: Fundamentals were stronger than expected, but the market response was weak. Applied Materials reported record fiscal third-quarter revenue of $9.12 billion, up 25% year over year, and exceeded consensus EPS and revenue estimates. Its above-consensus outlook was apparently insufficient to overcome high expectations and valuation concerns. Applied Materials Delivered a Record Quarter. The Stock Fell Anyway
• Negative Sentiment: High-profile bearish positioning is weighing on sentiment. Paul Tudor Jones reportedly liquidated his AMAT common-stock position and increased his put exposure, while Dr. Michael Burry is also betting against the shares. These trades raise concerns about semiconductor-cycle risks and whether future foundry capital spending will meet already elevated expectations. Paul Tudor Jones Liquidated His Applied Materials Stake

Applied Materials Price Performance

Shares of AMAT stock opened at $492.32 on Friday. The firm has a market cap of $390.88 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.06 and a beta of 1.61. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $562.67 and a 200 day moving average price of $451.05.

Applied Materials (NASDAQ:AMAT) last issued its earnings results 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 company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the firm earned $2.48 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts expect that Applied Materials, Inc. will post 12.73 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. 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 payout ratio is currently 18.28%.

Insider Activity

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the sale, the director owned 40,559 shares in the company, valued at approximately $24,326,071.43. The trade was a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 134,631 shares in the company, valued at $79,534,609.56. This represents a 6.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 277,820 shares of company stock worth $169,538,434. Corporate insiders own 0.30% of the company’s stock.

Applied Materials Company Profile

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.