Applied Materials, Inc. $AMAT Stake Reduced by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,073 shares of the manufacturing equipment provider’s stock after selling 1,464 shares during the period. Applied Materials accounts for approximately 3.8% of Plimoth Trust Co. LLC’s holdings, making the stock its 5th largest holding. Plimoth Trust Co. LLC’s holdings in Applied Materials were worth $18,851,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Capital Advantage Inc. boosted its stake in Applied Materials by 8.1% during the second quarter. Capital Advantage Inc. now owns 2,350 shares of the manufacturing equipment provider’s stock worth $1,699,000 after buying an additional 177 shares during the period. Concorde Asset Management LLC purchased a new stake in shares of Applied Materials in the 2nd quarter valued at approximately $278,000. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Applied Materials by 5.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,085 shares of the manufacturing equipment provider’s stock valued at $8,014,000 after acquiring an additional 590 shares during the period. NorthRock Partners LLC lifted its holdings in shares of Applied Materials by 2.6% in the 2nd quarter. NorthRock Partners LLC now owns 5,364 shares of the manufacturing equipment provider’s stock worth $3,878,000 after acquiring an additional 135 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Applied Materials by 2.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 38,563 shares of the manufacturing equipment provider’s stock worth $27,881,000 after purchasing an additional 1,091 shares during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Up 4.0%

Shares of AMAT stock opened at $472.79 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $161.75 and a fifty-two week high of $739.67. The company has a 50 day moving average price of $523.44 and a 200 day moving average price of $462.73. The stock has a market capitalization of $375.21 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the business earned $2.48 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts predict that Applied Materials, Inc. will post 12.76 EPS for the current fiscal year.

Analyst Ratings Changes

AMAT has been the subject of several research reports. Zacks Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $645.00 price target on shares of Applied Materials in a research note on Monday, August 3rd. Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $605.00 price objective on shares of Applied Materials in a research note on Friday, August 14th. Finally, UBS Group boosted their price objective on Applied Materials from $675.00 to $695.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $658.45.

Insider Buying and Selling at Applied Materials

In related news, insider Prabu Raja sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the transaction, the insider directly owned 346,642 shares of the company’s stock, valued at $219,608,106.26. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brice Hill sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the sale, the chief financial officer owned 128,613 shares in the company, valued at approximately $61,637,780.25. This trade represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 231,692 shares of company stock valued at $146,114,059. Insiders own 0.30% of the company’s stock.

Applied Materials 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.