Midwest Trust Co Sells 2,581 Shares of Applied Materials, Inc. $AMAT

Midwest Trust Co reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 95,762 shares of the manufacturing equipment provider’s stock after selling 2,581 shares during the period. Midwest Trust Co’s holdings in Applied Materials were worth $69,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its position in Applied Materials by 4.3% during the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Stonebridge Financial Group LLC boosted its holdings in shares of Applied Materials by 2.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after purchasing an additional 21 shares in the last quarter. Basecamp Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 0.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,288 shares of the manufacturing equipment provider’s stock worth $1,124,000 after purchasing an additional 22 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Applied Materials by 2.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,040 shares of the manufacturing equipment provider’s stock valued at $752,000 after purchasing an additional 22 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Applied Materials by 34.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock valued at $67,000 after purchasing an additional 24 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock opened at $507.18 on Monday. The stock has a market capitalization of $402.68 billion, a PE ratio of 43.72, a P/E/G ratio of 1.25 and a beta of 1.61. Applied Materials, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67. The business has a 50-day moving average of $564.15 and a 200 day moving average of $445.77. 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 quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. The business 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%.Applied Materials’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 12.48 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials’s dividend payout ratio (DPR) is currently 18.28%.

Applied Materials News Roundup

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

• Positive Sentiment: Record quarterly performance: Fiscal Q3 revenue rose 24.8% year over year to $9.12 billion, ahead of the $8.99 billion consensus estimate, while adjusted EPS of $3.50 exceeded expectations. AI infrastructure demand, advanced packaging and memory spending supported growth. Applied Materials Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: Management projected fiscal Q4 revenue of approximately $9.8 billion to $10.8 billion and EPS of $3.82 to $4.22, both above analyst expectations. The company also pointed to stronger systems growth and unusually long customer visibility into fiscal 2027 and beyond. Applied Materials Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Analyst and institutional support: JPMorgan, RBC, TD Cowen, B. Riley, Needham and other firms maintained positive ratings or raised price targets. Soros Capital also reportedly added AMAT among several semiconductor positions, reinforcing the longer-term AI and chip-cycle investment case. Soros Capital Loads Up on Semiconductor Stocks
• Neutral Sentiment: Options imply a possible rebound: Derivatives-market data indicates traders expect the pullback could be temporary, although elevated volatility reflects uncertainty over the stock’s near-term direction. Applied Materials Options Data
• Negative Sentiment: Expectations were exceptionally high: Despite the earnings beat and upbeat guidance, investors wanted faster growth and clearer evidence that AMAT is outpacing rivals in semiconductor manufacturing equipment. Concerns about competition, margins and the pace of systems growth overshadowed the headline results. Applied Materials Slips as Investors Seek Faster Growth
• Negative Sentiment: Broader market pressure added to selling: Weaker July retail-sales data, profit-taking after record highs and a semiconductor-sector selloff weighed on AMAT and other AI-related stocks.

Analyst Ratings Changes

AMAT has been the subject of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a research report on Friday. Royal Bank Of Canada increased their price target on shares of Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday. HC Wainwright set a $850.00 price target on shares of Applied Materials in a research note on Monday, June 29th. B. Riley Financial reissued a “buy” rating and set a $700.00 price target (down from $790.00) on shares of Applied Materials in a research note on Friday. Finally, Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $640.17.

Insider Buying and Selling

In related news, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the transaction, the insider directly owned 356,642 shares of the company’s stock, valued at $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director owned 40,559 shares of the company’s stock, valued at $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 278,088 shares of company stock valued at $169,654,805 over the last quarter. Company 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.