Applied Materials, Inc. $AMAT Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1,502.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,336 shares of the manufacturing equipment provider’s stock after buying an additional 5,003 shares during the period. Provenance Wealth Advisors LLC’s holdings in Applied Materials were worth $2,729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. bought a new stake in shares of Applied Materials during the second quarter worth $4,005,000. Caldwell Investment Management Ltd. bought a new position in Applied Materials in the second quarter valued at about $1,589,000. CX Institutional boosted its holdings in Applied Materials by 333.3% in the third quarter. CX Institutional now owns 25,853 shares of the manufacturing equipment provider’s stock valued at $12,631,000 after acquiring an additional 19,886 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Applied Materials by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock valued at $729,211,000 after acquiring an additional 28,982 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Applied Materials by 29.6% in the second quarter. Handelsbanken Fonder AB now owns 462,685 shares of the manufacturing equipment provider’s stock worth $334,521,000 after purchasing an additional 105,776 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT stock opened at $381.92 on Wednesday. Applied Materials, Inc. has a 12-month low of $203.40 and a 12-month high of $739.67. The firm has a market capitalization of $303.09 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 0.73 and a beta of 1.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $453.26 and a 200-day moving average of $444.38.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates 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 for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials’s dividend payout ratio (DPR) is currently 18.28%.

Insider Transactions at Applied Materials

In other news, Director Judy Bruner sold 1,000 shares of Applied Materials stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total value of $3,594,375.00. Following the transaction, the chief financial officer owned 128,613 shares in the company, valued at $61,637,780.25. This trade represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 over the last 90 days. 0.30% of the stock is owned by company insiders.

Key Applied Materials News

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

• Positive Sentiment: Applied Materials recently reported 41% growth in adjusted earnings per share and 52% growth in DRAM revenue, alongside higher revenue guidance. Ongoing investment in capacity and hybrid bonding technology could support future growth. Article: Did Earnings Growth Just Shift Applied Materials Investment Narrative?
• Neutral Sentiment: Morgan Stanley lowered its price target to $538 from $563 and maintained an Equal Weight/Hold rating. The target remains well above the price cited in the coverage, but the downgrade reflects execution risks and tempered analyst conviction. Article: Applied Materials: Promising Demand Offset by Execution Risks
• Neutral Sentiment: The November 12 earnings report is a near-term focal point: results and guidance could either reassure investors after the selloff or reinforce concerns. Article: Applied Materials Just Dropped 29% In a Month
• Negative Sentiment: AMAT has lost nearly 29% over the past month as semiconductor-equipment shares faced broad selling. Coverage tied a recent chip-sector rout to Intel’s outlook, suggesting industry concerns—not just company-specific news—have weighed on the stock. Article: Applied Materials Sinks in Intel’s Chip Rout

Wall Street Analyst Weigh In

AMAT has been the subject of several recent research reports. Berenberg Bank boosted their price objective on Applied Materials from $575.00 to $675.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Bank of America cut their target price on shares of Applied Materials from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. The Goldman Sachs Group raised their target price on shares of Applied Materials from $645.00 to $670.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Argus set a $600.00 price target on shares of Applied Materials and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, Erste Group Bank downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Thirty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $632.01.

Applied Materials Company Profile

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.