BlueCrest Capital Management Ltd Purchases New Holdings in Applied Materials, Inc. $AMAT

BlueCrest Capital Management Ltd acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the manufacturing equipment provider’s stock, valued at approximately $10,122,000.

Several other institutional investors have also added to or reduced their stakes in the company. Caldwell Investment Management Ltd. purchased a new stake in Applied Materials in the second quarter worth $1,589,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Applied Materials during the second quarter valued at $4,005,000. Evolve Private Wealth LLC grew its holdings in shares of Applied Materials by 59.0% in the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after purchasing an additional 1,067 shares during the last quarter. WealthPlan Investment Management LLC bought a new position in shares of Applied Materials in the fourth quarter worth about $1,082,000. Finally, Ameritas Advisory Services LLC increased its stake in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider’s stock worth $790,000 after buying an additional 1,990 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insider Transactions at Applied Materials

In related news, insider Prabu G. Raja sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the transaction, the insider owned 346,642 shares in the company, valued at $219,608,106.26. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president directly owned 146,916 shares of the company’s stock, valued at $87,184,361.88. The trade was a 14.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 231,692 shares of company stock worth $146,114,059. 0.30% of the stock is owned by corporate insiders.

Applied Materials Trading Down 0.8%

Shares of NASDAQ AMAT opened at $468.85 on Thursday. Applied Materials, Inc. has a 1-year low of $162.55 and a 1-year high of $739.67. The business has a fifty day moving average price of $519.80 and a 200 day moving average price of $463.43. The stock has a market capitalization of $372.08 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 1.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.

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 the consensus estimate of $3.40 by $0.10. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts expect that Applied Materials, Inc. will post 12.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Applied Materials in a report on Tuesday, August 11th. They set a “market perform” rating for the company. Wells Fargo & Company upped their target price on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. UBS Group raised their target price on shares of Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Argus set a $600.00 price target on shares of Applied Materials in a research note on Tuesday, August 18th. Finally, Raymond James Financial set a $650.00 price target on Applied Materials in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus 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.