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

Keybank National Association OH lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Harborfront Financial Group LLC purchased a new position in Applied Materials during the 2nd quarter valued at about $27,000. Orion Capital Management LLC acquired a new position in Applied Materials in the 2nd quarter valued at about $33,000. Highland Investment Advisors LLC purchased a new stake in Applied Materials during the second quarter worth about $33,000. BOK Financial Private Wealth Inc. purchased a new stake in Applied Materials during the second quarter worth about $41,000. Finally, Curry Webb Wealth Management LLC purchased a new stake in Applied Materials during the third quarter worth about $30,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $544.56, for a total value of $394,806.00. Following the completion of the transaction, the chief accounting officer owned 3,181 shares in the company, valued at $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brice Hill sold 7,500 shares of the business’s 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 transaction, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This trade represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Key Headlines 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

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMAT. Cantor Fitzgerald reissued an “overweight” rating on shares of Applied Materials in a research report on Tuesday, October 20th. Mizuho dropped their price objective on shares of Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $605.00 price objective (down from $680.00) on shares of Applied Materials in a report on Friday, August 14th. Craig Hallum upped their target price on shares of Applied Materials from $530.00 to $585.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings lowered shares of Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 9th. Thirty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $625.76.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $372.53 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The company has a market cap of $295.64 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.67. The stock’s 50-day moving average is $441.30 and its two-hundred day moving average is $445.16. Applied Materials, Inc. has a 1-year low of $203.40 and a 1-year high of $739.67.

Applied Materials (NASDAQ:AMAT) last announced 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. The business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Analysts forecast that Applied Materials, Inc. will post 12.79 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 19th. Applied Materials’s dividend payout ratio is presently 18.28%.

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.