Trans Canada Capital Inc. Purchases Shares of 61,338 Applied Materials, Inc. $AMAT

Trans Canada Capital Inc. acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 61,338 shares of the manufacturing equipment provider’s stock, valued at approximately $44,347,000. Applied Materials comprises 2.4% of Trans Canada Capital Inc.’s portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Applied Materials in the 4th quarter valued at $26,000. Harborfront Financial Group LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at $27,000. Financial Freedom LLC purchased a new stake in Applied Materials in the 1st quarter valued at $28,000. Finally, Dogwood Wealth Management LLC boosted its stake in 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 purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

NASDAQ AMAT opened at $454.71 on Monday. The stock has a market capitalization of $360.86 billion, a P/E ratio of 39.20, a P/E/G ratio of 1.27 and a beta of 1.60. Applied Materials, Inc. has a 52-week low of $158.82 and a 52-week high of $739.67. The firm has a 50-day moving average price of $533.24 and a 200 day moving average price of $461.33. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.

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 analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. 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 year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials’s payout ratio is 18.28%.

Applied Materials News Summary

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

• Positive Sentiment: AI-driven equipment demand remains the main catalyst. Growth in advanced packaging, DRAM and high-bandwidth memory (HBM), along with accelerating global fab investment, is strengthening the outlook for Applied Materials’ equipment orders. AMAT Rides on AI-Led WFE Demand: Can it Sustain the Momentum?
• Positive Sentiment: Raised forecasts have driven a major valuation re-rating. Although trailing-twelve-month revenue growth was only 7.8%, management reportedly increased its forecast twice between February and August as semiconductor demand expectations improved. That forward-growth story helps explain the stock’s roughly 180% one-year return. Why Did Applied Materials Stock Nearly Triple On Single-Digit Trailing Revenue Growth?
• Positive Sentiment: Analyst expectations are improving. UBS projected strong potential appreciation for AMAT, while another analyst raised the fiscal 2027 EPS estimate, signaling continued confidence in earnings growth and semiconductor capital spending. UBS Group Forecasts Strong Price Appreciation for Applied Materials FY2027 EPS Estimate for Applied Materials Boosted by Analyst
• Neutral Sentiment: Valuation remains a key debate. Despite a recent pullback, AMAT has gained about 237% over five years, leaving investors questioning how much AI and semiconductor-cycle optimism is already reflected in the shares. Can Applied Materials Still Look Cheap After a 237% Run?
• Negative Sentiment: Industry-cycle risks have not disappeared. Optimism about a permanently stronger semiconductor cycle is tempered by potential memory-capacity imbalances, which could pressure chipmakers’ capital spending if supply expands faster than demand. SEMIs CEO Has Watched Four Decades of Chip Cycles

Insider Activity

In other Applied Materials news, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total value of $6,335,300.00. Following the completion of the transaction, the insider owned 346,642 shares in the company, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Timothy Deane sold 8,621 shares of the firm’s 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 sale, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 231,692 shares of company stock valued at $146,114,059 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMAT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $740.00 target price on shares of Applied Materials in a report on Friday, August 14th. Zacks Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Citigroup reaffirmed a “buy” rating on shares of Applied Materials in a research note on Monday, August 3rd. Weiss Ratings raised Applied Materials from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Finally, Barclays lifted their target price on Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $658.45.

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.