Telemark Asset Management LLC Purchases Shares of 40,000 Applied Materials, Inc. $AMAT

Telemark Asset Management LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the manufacturing equipment provider’s stock, valued at approximately $10,280,000.

Several other large investors have also modified their holdings of AMAT. Redmont Wealth Advisors LLC bought a new stake in shares of Applied Materials during the 3rd quarter worth $26,000. Highline Wealth Partners LLC boosted its stake in shares of Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after acquiring an additional 38 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of Applied Materials during the 4th quarter worth $31,000. Dogwood Wealth Management LLC boosted its stake in shares of Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in shares of Applied Materials by 147.2% during the 4th quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Down 9.7%

AMAT stock opened at $453.01 on Friday. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $510.75. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The company has a market cap of $359.67 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.27 and a beta of 1.67. The company has a 50 day moving average of $408.94 and a two-hundred day moving average of $342.31.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter in the prior year, the firm earned $2.39 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 12.02 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, May 21st. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s payout ratio is currently 19.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMAT shares. Truist Financial set a $575.00 price target on shares of Applied Materials in a research report on Thursday, May 28th. Zacks Research downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group upped their price target on shares of Applied Materials from $480.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, May 15th. KGI Securities upgraded shares of Applied Materials to an “outperform” rating and set a $425.00 price target for the company in a research report on Friday, February 13th. Finally, Jefferies Financial Group upped their price target on shares of Applied Materials from $415.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $470.13.

Insider Activity at Applied Materials

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brice Hill sold 2,500 shares of Applied Materials stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $498.86, for a total transaction of $1,247,150.00. Following the completion of the sale, the chief financial officer directly owned 136,113 shares of the company’s stock, valued at approximately $67,901,331.18. The trade was a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,896 shares of company stock worth $27,135,121 in the last quarter. 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: Applied Materials continues to benefit from AI-related demand and a deeper push into advanced chip packaging, including its completed acquisition of ASMPT NEXX and expanded collaboration with SCREEN Semiconductor, which could support future growth in semiconductor equipment. Applied Materials Deepens AI Chip Packaging Push As Valuation Stretches
• Positive Sentiment: The company’s recent earnings results beat estimates, with stronger revenue and EPS, and management’s guidance plus recent analyst price-target increases continue to reinforce the bullish longer-term view.
• Neutral Sentiment: TipRanks noted insider trading activity in AMAT as part of a broader weekend update, adding to investor attention but not necessarily changing the fundamental outlook. Rigetti, McDonald’s, Applied Materials, GM, Rocket Lab Insiders Stir Buzz
• Negative Sentiment: Recent insider sales by CFO Brice Hill and executive Prabu G. Raja may have pressured shares, as investors often view heavy insider selling cautiously even when the company’s outlook remains solid. Applied Materials CFO Sells Stock
• Negative Sentiment: Semiconductor stocks broadly sold off after the strong jobs report and broader chip-sector weakness tied to the AVGO earnings overhang, which appears to be dragging AMAT lower with the group. Applied Materials, Lam Research, and Nova Stocks Trade Down, What You Need To Know

About Applied Materials

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.