Sequoia Financial Advisors LLC Increases Position in Applied Materials, Inc. $AMAT

Sequoia Financial Advisors LLC lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 54,921 shares of the manufacturing equipment provider’s stock after purchasing an additional 3,814 shares during the period. Sequoia Financial Advisors LLC’s holdings in Applied Materials were worth $39,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. California State Teachers Retirement System boosted its holdings in Applied Materials by 70,976.9% in the 2nd 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 purchasing an additional 868,968,380 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Applied Materials by 119.8% during 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 buying an additional 17,829,377 shares during the last quarter. Norges Bank acquired a new stake in shares of Applied Materials during the 4th quarter worth approximately $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Applied Materials by 617.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock valued at $1,869,170,000 after buying an additional 7,856,576 shares during the period. Finally, Bank of America Corp DE acquired a new position in Applied Materials in the second quarter valued at approximately $5,252,863,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Argus set a $600.00 price objective on Applied Materials in a research report on Tuesday, August 18th. B. Riley Financial restated a “buy” rating and issued a $700.00 target price (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. KeyCorp upped 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. Bank of America lowered their price target on Applied Materials from $720.00 to $650.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Barclays boosted their price objective 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 research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $658.45.

Insider Buying and Selling

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at approximately $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 231,692 shares of company stock worth $146,114,059 over the last 90 days. 0.30% of the stock is owned by insiders.

Applied Materials Stock Down 0.8%

NASDAQ:AMAT opened at $468.85 on Thursday. Applied Materials, Inc. has a 52 week low of $162.55 and a 52 week high of $739.67. The stock’s fifty day moving average is $519.80 and its two-hundred day moving average is $463.43. The stock has a market capitalization of $372.08 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 1.32 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 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 business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The company’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Research analysts anticipate that Applied Materials, Inc. will post 12.76 EPS for the current year.

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.