2,302 Applied Materials, Inc. $AMAT Shares Sold by Bangor Savings Bank

Bangor Savings Bank cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,759 shares of the manufacturing equipment provider’s stock after selling 2,302 shares during the period. Bangor Savings Bank’s holdings in Applied Materials were worth $3,968,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMAT. Hall Laurie J Trustee grew its stake in shares of Applied Materials by 8.5% in the third quarter. Hall Laurie J Trustee now owns 35,073 shares of the manufacturing equipment provider’s stock valued at $17,936,000 after buying an additional 2,745 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Applied Materials by 121.9% in the third quarter. Central Pacific Bank Trust Division now owns 7,172 shares of the manufacturing equipment provider’s stock valued at $3,668,000 after acquiring an additional 3,940 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Applied Materials by 4.8% in the third quarter. Rosenberg Matthew Hamilton now owns 743 shares of the manufacturing equipment provider’s stock valued at $380,000 after acquiring an additional 34 shares during the last quarter. Box Hill Private Wealth LLC grew its position in shares of Applied Materials by 32.5% in the 3rd quarter. Box Hill Private Wealth LLC now owns 665 shares of the manufacturing equipment provider’s stock valued at $340,000 after acquiring an additional 163 shares during the period. Finally, Park National Corp OH grew its position in shares of Applied Materials by 2.3% in the 3rd quarter. Park National Corp OH now owns 922 shares of the manufacturing equipment provider’s stock valued at $471,000 after acquiring an additional 21 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Applied Materials stock traded down $12.01 during trading hours on Tuesday, hitting $530.27. The company had a trading volume of 4,868,343 shares, compared to its average volume of 7,918,469. The firm has a 50-day moving average of $487.06 and a 200 day moving average of $479.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The firm has a market cap of $420.82 billion, a PE ratio of 45.71, a PEG ratio of 1.50 and a beta of 1.60. Applied Materials, Inc. has a one year low of $203.40 and a one year high of $739.67.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data 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 return on equity of 38.02% and a net margin of 30.05%.The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the company posted $2.48 earnings per share. The business’s 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. On average, sell-side analysts expect that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.53 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials’s payout ratio is 18.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMAT shares. Raymond James Financial set a $650.00 target price on shares of Applied Materials in a report on Wednesday, June 10th. William Blair assumed coverage on Applied Materials in a research report on Tuesday, August 11th. They issued a “market perform” rating for the company. Sanford C. Bernstein lifted their target price on Applied Materials from $675.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Evercore boosted their target price on Applied Materials from $515.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Finally, KeyCorp increased their price target on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $640.20.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, Director Judy Bruner sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director directly owned 25,544 shares of the company’s stock, valued at $11,877,960. This represents a 3.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Adam Sanders sold 725 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the transaction, the chief accounting officer owned 3,181 shares in the company, valued at $1,732,245.36. The trade was a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Applied Materials

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

• Positive Sentiment: Applied Materials and Intel announced a collaboration focused on next-generation transistors, interconnects and advanced packaging for AI chips. Work will take place at Applied’s EPIC Center in Silicon Valley and Intel’s Oregon R&D campus, strengthening AMAT’s position in the development of future AI-computing technologies. Applied Materials and Intel Collaborate to Accelerate Chipmaking Innovations for AI-Driven Computing
• Positive Sentiment: Recent partnerships involving KIOXIA in advanced memory and BE Semiconductor Industries in packaging and interconnects broaden Applied Materials’ exposure to the AI semiconductor buildout. These initiatives support the long-term outlook for wafer-fabrication equipment and related services. Applied Materials AI Chip Memory and Packaging Partnerships
• Positive Sentiment: Goldman Sachs identified Applied Materials as a tactical semiconductor stock ahead of earnings, citing improving sector conditions and expectations for an earnings boost. Analysts also point to AI-driven wafer-fabrication-equipment demand, strong Applied Global Services growth and capacity expansion as supporting factors. 3 Chip Stocks Set for an Earnings Boost
• Neutral Sentiment: Investor attention and options activity around AMAT have increased, but these indicators do not establish a clear fundamental direction. Commentary also notes that the stock returned 143.9% over the prior 12 months, substantially outperforming the S&P 500, raising expectations for continued execution.
• Negative Sentiment: The stock’s valuation remains demanding, with a reported price-to-earnings ratio above 45, leaving less room for disappointment after its sharp advance. Chief Accounting Officer Adam Sanders sold 725 shares to cover tax withholding tied to vested equity awards; the transaction was relatively small and does not necessarily signal a change in management’s outlook. Applied Materials CAO Sells 725 Shares

About Applied Materials

Applied Materials, Inc is a global supplier of equipment, services and software used to manufacture semiconductor chips, flat-panel displays and other advanced electronic products. Its technologies help customers build and enhance materials at the nanoscale, supporting processes such as deposition, etching, inspection, metrology and packaging.

The company’s offerings include semiconductor manufacturing systems, process-control and inspection equipment, and services designed to improve the performance, productivity and longevity of production equipment.