RFG Advisory LLC Buys 2,521 Shares of Applied Materials, Inc. $AMAT

RFG Advisory LLC increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 32.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,297 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,521 shares during the quarter. RFG Advisory LLC’s holdings in Applied Materials were worth $7,445,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. JFS Wealth Advisors LLC lifted its position in shares of Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock worth $296,000 after purchasing an additional 17 shares during the period. Innovative Asset Advisors Group LLC boosted its stake in shares of Applied Materials by 2.1% in the 2nd quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock valued at $695,000 after purchasing an additional 20 shares during the last quarter. Stonebridge Financial Group LLC increased its position in shares of Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after buying an additional 21 shares during the period. N.E.W. Advisory Services LLC increased its position in shares of Applied Materials by 5.9% during the second quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock worth $273,000 after buying an additional 21 shares during the period. Finally, IMG Wealth Management Inc. raised its stake in Applied Materials by 13.0% during the second quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock worth $132,000 after buying an additional 21 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Brice Hill sold 7,500 shares of the company’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 directly owned 128,613 shares of the company’s stock, valued at approximately $61,637,780.25. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $599.77, for a total value of $5,547,872.50. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 231,692 shares of company stock worth $146,114,059 over the last three months. Insiders own 0.30% of the company’s stock.

Applied Materials Trading Up 4.0%

NASDAQ:AMAT opened at $472.79 on Wednesday. Applied Materials, Inc. has a 12 month low of $161.75 and a 12 month 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. The stock has a market capitalization of $375.21 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 1.27 and a beta of 1.60. The firm has a fifty day simple moving average of $523.44 and a two-hundred day simple moving average of $462.73.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. 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 topic of several recent analyst reports. Susquehanna boosted their target price on shares of Applied Materials from $575.00 to $900.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $645.00 price objective on shares of Applied Materials in a research report on Monday, August 3rd. Argus set a $600.00 price objective on Applied Materials in a research note on Tuesday, August 18th. Mizuho cut their target price on Applied Materials from $650.00 to $590.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group raised their target price on Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. One investment 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $658.45.

Applied Materials Company 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.