Applied Materials, Inc. $AMAT Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,300 shares of the manufacturing equipment provider’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in Applied Materials were worth $50,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares during the period. Capital Research Global Investors boosted its holdings in Applied Materials by 119.8% in the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after purchasing an additional 17,829,377 shares in the last quarter. Morgan Stanley increased its stake in Applied Materials by 3.4% in the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock valued at $2,947,891,000 after purchasing an additional 373,012 shares during the last quarter. Norges Bank acquired a new stake in Applied Materials during the fourth quarter worth approximately $2,858,543,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Applied Materials by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider’s stock worth $2,746,769,000 after buying an additional 1,558,749 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Buying and Selling at Applied Materials

In related news, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the transaction, the insider directly owned 356,642 shares in the company, valued at approximately $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction on Monday, June 15th. The shares were 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. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 276,692 shares of company stock worth $169,030,834. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMAT. UBS Group set a $675.00 target price on shares of Applied Materials and gave the company a “buy” rating in a report on Friday, August 14th. Cantor Fitzgerald reissued an “overweight” rating on shares of Applied Materials in a research report on Friday, August 14th. Morgan Stanley decreased their price objective on shares of Applied Materials from $646.00 to $642.00 and set an “equal weight” rating for the company in a research note on Friday, August 14th. Sanford C. Bernstein lifted their target price on Applied Materials from $675.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Wolfe Research boosted their target price on Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $657.76.

Applied Materials Stock Down 0.9%

AMAT stock opened at $480.04 on Wednesday. The company has a fifty day moving average price of $558.87 and a 200 day moving average price of $454.37. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a market cap of $380.96 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 1.04 and a beta of 1.61. 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 issued its quarterly earnings data 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 company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. Applied Materials’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts expect that Applied Materials, Inc. will post 12.73 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given 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 is currently 18.28%.

More Applied Materials News

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

• Positive Sentiment: Goldman Sachs reportedly named Applied Materials a “top pick,” citing the company’s exposure to the continued buildout of AI infrastructure and chip-manufacturing capacity. Applied Materials Stock Is Named a Top Pick at Goldman Sachs
• Positive Sentiment: Analysts see significant upside after the stock’s decline from its high, with AI-driven semiconductor investment and record quarterly revenue supporting bullish price targets. One report cited an average target near $641, implying roughly 32% potential appreciation from recent levels. Wall Street Sees Rally Despite Decline From Peak
• Positive Sentiment: Applied Materials is viewed as a key beneficiary of AI infrastructure spending because its equipment and engineering solutions are essential to advanced semiconductor manufacturing. Why Investors Should Buy the Dip in AMAT
• Neutral Sentiment: Mizuho lowered its Applied Materials price target from $650 to $590 but retained an “outperform” rating. The reduced target reflects more cautious expectations, while the rating still indicates confidence in the company’s longer-term prospects. Benzinga
• Neutral Sentiment: The reported August short-interest figures show zero shares and a mathematically invalid change, making the data unreliable and unlikely to provide a meaningful trading signal.
• Negative Sentiment: Semiconductor stocks broadly declined as investors reduced risk ahead of NVIDIA’s results, weighing on Applied Materials alongside other chipmakers. Semiconductor Stocks Slide Ahead of NVIDIA Earnings

Applied Materials 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.