Applied Materials, Inc. $AMAT Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 85.4% during the second quarter, Holdings Channel reports. The fund owned 69,525,842 shares of the manufacturing equipment provider’s stock after buying an additional 32,018,892 shares during the quarter. Applied Materials makes up 1.0% of State Street Corp’s holdings, making the stock its 14th largest holding. State Street Corp owned approximately 0.09% of Applied Materials worth $50,267,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Twin Peaks Capital Ltd purchased a new position in shares of Applied Materials during the 2nd quarter valued at about $12,291,000. Reynders McVeigh Capital Management LLC grew its holdings in Applied Materials by 8.2% during the second quarter. Reynders McVeigh Capital Management LLC now owns 105,987 shares of the manufacturing equipment provider’s stock worth $76,629,000 after acquiring an additional 8,073 shares during the period. Smith Chas P & Associates PA Cpas purchased a new position in Applied Materials during the second quarter valued at approximately $346,000. ABS Direct Equity Fund LLC lifted its holdings in Applied Materials by 106.6% in the second quarter. ABS Direct Equity Fund LLC now owns 1,446 shares of the manufacturing equipment provider’s stock valued at $1,045,000 after acquiring an additional 746 shares during the period. Finally, Bouchey Financial Group Ltd. boosted its position in Applied Materials by 25.3% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 1,086 shares of the manufacturing equipment provider’s stock worth $785,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Key Stories Impacting Applied Materials

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

• Positive Sentiment: Major India investment supports long-term growth: Applied Materials plans to invest $5 billion in India over the next decade, expanding research, suppliers, supply-chain operations and its workforce. The initiative could strengthen the company’s position as India develops its semiconductor manufacturing ecosystem. Applied Materials Commits $5 Billion to India as Chip Manufacturing Expands
• Positive Sentiment: AI and advanced-chip demand remain supportive: Analysts and investors continue to point to rising AI chip complexity and equipment spending as potential drivers for Applied Materials. Industry forecasts also project strong growth in the global semiconductor metrology market, where the company participates. 3 AI Tech Stocks with 50%+ Upside, According to Analysts
• Positive Sentiment: Potentially improved trade relations could help: Reports that U.S.-China talks may ease tariff pressure are viewed as favorable for semiconductor and technology companies with China exposure, including Applied Materials. U.S.-China Talks Seem Successful: ETF Areas in Focus
• Neutral Sentiment: Investor attention is elevated: AMAT is among the most-watched stocks on Zacks, while management is scheduled to present at SEMICON West on October 13. The event could provide additional information about demand and strategy, but no new financial guidance was announced. Applied Materials to Host Investor Breakfast Presentation During SEMICON West
• Negative Sentiment: Valuation and semiconductor cyclicality remain risks: After a substantial multiyear advance, some commentary questions whether AI enthusiasm is already reflected in AMAT’s valuation. A potential equipment-spending downturn or weaker chip cycle could pressure future results even if long-term demand remains strong. Applied Materials: Momentum Says Up; The Cycle Says Down

Applied Materials Trading Up 1.1%

NASDAQ:AMAT traded up $5.06 during trading hours on Tuesday, reaching $469.30. 2,538,742 shares of the stock were exchanged, compared to its average volume of 8,032,701. Applied Materials, Inc. has a twelve month low of $196.20 and a twelve month high of $739.67. The business has a 50-day moving average of $495.94 and a two-hundred day moving average of $466.98. The company has a market capitalization of $372.44 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.24 and a beta of 1.60. 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 posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The company’s quarterly revenue 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. On average, equities analysts predict that Applied Materials, Inc. will post 12.78 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is presently 18.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMAT shares. Seaport Research Partners reaffirmed a “buy” rating and set a $575.00 target price on shares of Applied Materials in a report on Friday, August 14th. Wells Fargo & Company upped their price objective on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings cut Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 9th. William Blair initiated coverage on Applied Materials in a research report on Tuesday, August 11th. They set a “market perform” rating on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Applied Materials in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $658.45.

Insider Activity at Applied Materials

In related news, CFO Brice Hill sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the sale, the chief financial officer directly owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judy Bruner sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the sale, the director owned 25,544 shares in the company, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 86,821 shares of company stock worth $59,609,471. Corporate 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.