Integrated Wealth Concepts LLC Increases Holdings in Applied Materials, Inc. $AMAT

Integrated Wealth Concepts LLC increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,563 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,091 shares during the period. Integrated Wealth Concepts LLC’s holdings in Applied Materials were worth $27,881,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in shares of Applied Materials in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new position in Applied Materials during the fourth quarter worth about $26,000. Harborfront Financial Group LLC purchased a new stake in shares of Applied Materials in the second quarter valued at about $27,000. Financial Freedom LLC acquired a new stake in shares of Applied Materials in the first quarter valued at approximately $28,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $33,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Trading Up 4.0%

Shares of AMAT opened at $472.79 on Wednesday. Applied Materials, Inc. has a twelve month low of $161.75 and a twelve month high of $739.67. The firm 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 current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $523.44 and its 200 day simple moving average is $462.73.

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

Insider Transactions at Applied Materials

In other news, insider Prabu Raja sold 10,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $633.53, for a total value of $6,335,300.00. Following the completion of the sale, the insider owned 346,642 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary Dickerson sold 71,727 shares of Applied Materials stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer owned 1,695,164 shares in the company, valued at $1,006,503,625. The trade was a 4.06% 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 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMAT. Jefferies Financial Group lifted their price objective on Applied Materials from $510.00 to $770.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada upped their price objective on Applied Materials from $520.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. HSBC reaffirmed a “buy” rating and set a $683.00 price objective on shares of Applied Materials in a research note on Monday, July 27th. Weiss Ratings upgraded Applied Materials from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Finally, Barclays upped their target price on shares of Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. One investment 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $658.45.

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.