Processus Wealth & Capital Management LLC Sells 1,188 Shares of Applied Materials, Inc. $AMAT

Processus Wealth & Capital Management LLC lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,083 shares of the manufacturing equipment provider’s stock after selling 1,188 shares during the quarter. Applied Materials comprises about 7.2% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 2nd largest holding. Processus Wealth & Capital Management LLC’s holdings in Applied Materials were worth $12,351,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMAT. JFS Wealth Advisors LLC raised its stake in shares of Applied Materials by 4.3% during the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after purchasing an additional 17 shares during the period. Tema ETFs LLC lifted its position in shares of Applied Materials by 5.1% during the second quarter. Tema ETFs LLC now owns 18,181 shares of the manufacturing equipment provider’s stock worth $13,145,000 after purchasing an additional 880 shares in the last quarter. Haven Capital Group Inc. purchased a new position in shares of Applied Materials in the second quarter valued at $260,000. West Branch Capital LLC boosted its stake in shares of Applied Materials by 8.8% in the second quarter. West Branch Capital LLC now owns 5,661 shares of the manufacturing equipment provider’s stock valued at $4,093,000 after purchasing an additional 458 shares during the period. Finally, Canvas Wealth Advisors LLC grew its holdings in Applied Materials by 5.0% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 817 shares of the manufacturing equipment provider’s stock valued at $591,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMAT. Erste Group Bank downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Applied Materials in a research note on Monday, August 3rd. Raymond James Financial set a $650.00 target price on Applied Materials in a research report on Wednesday, June 10th. Wells Fargo & Company boosted their price target on Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Applied Materials in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $603.23.

Insider Activity at Applied Materials

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares in the company, valued at approximately $87,184,361.88. The trade was a 14.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $505.28, for a total value of $25,264,000.00. Following the sale, the insider directly owned 356,642 shares in the company, valued at approximately $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 278,088 shares of company stock worth $169,654,805 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Key Applied Materials News

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

• Positive Sentiment: AI and semiconductor demand remain key bullish catalysts. Jim Cramer highlighted Applied Materials alongside Lam Research and KLA as beneficiaries of data-center memory bottlenecks and expected demand for chipmaking equipment. The company’s broad technology portfolio and exposure to AI infrastructure continue to support the long-term growth case. Jim Cramer semiconductor equipment analysis
• Positive Sentiment: Analyst earnings expectations have improved. A report indicated that an analyst raised the fiscal 2027 EPS forecast, while pre-earnings estimates call for approximately $9 billion in quarterly revenue and $3.39 in EPS. These expectations imply continued year-over-year growth and could support the shares if management delivers or raises guidance. Applied Materials EPS forecast update
• Positive Sentiment: Applied Materials expanded its chip-innovation ecosystem. UC Berkeley will join the company’s EPIC Center, giving researchers access to industry-scale equipment and process-integration capabilities. The collaboration could accelerate semiconductor research and commercialization, although the financial benefit is longer term. UC Berkeley joins Applied Materials EPIC Center
• Neutral Sentiment: Options markets are anticipating a significant earnings-related move. Traders expect substantial volatility around Thursday’s results, as investors assess revenue, EPS, margins, orders and fiscal 2026 guidance. Applied Materials expected earnings move
• Negative Sentiment: Valuation and competitive risks are limiting enthusiasm. William Blair initiated coverage with a Market Perform rating, citing strong AI-driven fundamentals but arguing that valuation and competition cap upside. With a trailing P/E near 49, the stock may require an earnings beat and constructive outlook to regain momentum. William Blair Applied Materials rating

Applied Materials Price Performance

Shares of AMAT stock opened at $525.61 on Wednesday. The firm has a market cap of $417.31 billion, a P/E ratio of 49.35, a P/E/G ratio of 1.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. Applied Materials, Inc. has a 1-year low of $154.46 and a 1-year high of $739.67. The firm has a fifty day moving average of $561.46 and a two-hundred day moving average of $441.34.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, research analysts anticipate that Applied Materials, Inc. will post 12.17 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials’s dividend payout ratio is presently 19.91%.

Applied Materials Company Profile

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.