Waverly Advisors LLC Sells 4,075 Shares of Applied Materials, Inc. $AMAT

Waverly Advisors LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,381 shares of the manufacturing equipment provider’s stock after selling 4,075 shares during the period. Waverly Advisors LLC’s holdings in Applied Materials were worth $31,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMAT. California State Teachers Retirement System boosted its stake in Applied Materials by 70,976.9% during the second quarter. California State Teachers Retirement System now owns 870,192,678 shares of the manufacturing equipment provider’s stock valued at $629,149,306,000 after buying an additional 868,968,380 shares during the period. BlackRock Inc. increased its stake in Applied Materials by 1.6% in the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after acquiring an additional 1,237,685 shares during the last quarter. Capital Research Global Investors increased its stake in Applied Materials by 119.8% in the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after acquiring an additional 17,829,377 shares during the last quarter. Morgan Stanley raised its holdings in shares of Applied Materials by 3.4% in the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock valued at $2,947,891,000 after acquiring an additional 373,012 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Applied Materials during the 4th quarter valued at about $2,858,543,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock traded up $18.08 during trading hours on Tuesday, reaching $472.79. The company had a trading volume of 6,301,680 shares, compared to its average volume of 8,119,141. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The business has a fifty day moving average price of $523.44 and a 200-day moving average price of $462.73. Applied Materials, Inc. has a one year low of $161.75 and a one year high of $739.67. The firm has a market cap of $375.21 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last issued 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. The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Insider Transactions at Applied Materials

In other Applied Materials news, 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 value of $42,587,906.25. Following the completion of the transaction, the chief executive officer directly owned 1,695,164 shares of the company’s stock, valued at $1,006,503,625. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Prabu Raja sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 346,642 shares in the company, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 231,692 shares of company stock worth $146,114,059. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMAT shares. Seaport Research Partners reiterated a “buy” rating and set a $575.00 target price on shares of Applied Materials in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $605.00 target price on shares of Applied Materials in a research report on Friday, August 14th. Stifel Nicolaus upped their price objective on Applied Materials from $530.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Susquehanna boosted their target price on Applied Materials from $575.00 to $900.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $658.45.

About Applied Materials

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.