Elyxium Wealth LLC Increases Stock Position in Applied Materials, Inc. $AMAT

Elyxium Wealth LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 148.1% during the second quarter, Holdings Channel.com reports. The fund owned 2,421 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,445 shares during the period. Elyxium Wealth LLC’s holdings in Applied Materials were worth $1,751,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC purchased a new position in Applied Materials during the 4th quarter valued at about $26,000. Financial Freedom LLC bought a new position in Applied Materials during the 1st quarter valued at approximately $28,000. Joseph Group Capital Management bought a new position in Applied Materials during the 4th quarter valued at approximately $31,000. Finally, Dogwood Wealth Management LLC lifted its holdings in Applied Materials by 52.4% in the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock worth $33,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMAT. Truist Financial set a $575.00 target price on Applied Materials in a research note on Thursday, May 28th. UBS Group set a $675.00 price target on Applied Materials in a research note on Friday. Erste Group Bank lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Seaport Research Partners reaffirmed a “buy” rating and issued a $575.00 target price on shares of Applied Materials in a research report on Friday. Finally, Zacks Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $640.17.

Applied Materials News Summary

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

• Positive Sentiment: Record quarterly performance: Fiscal Q3 revenue rose 24.8% year over year to $9.12 billion, ahead of the $8.99 billion consensus estimate, while adjusted EPS of $3.50 exceeded expectations. AI infrastructure demand, advanced packaging and memory spending supported growth. Applied Materials Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: Management projected fiscal Q4 revenue of approximately $9.8 billion to $10.8 billion and EPS of $3.82 to $4.22, both above analyst expectations. The company also pointed to stronger systems growth and unusually long customer visibility into fiscal 2027 and beyond. Applied Materials Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Analyst and institutional support: JPMorgan, RBC, TD Cowen, B. Riley, Needham and other firms maintained positive ratings or raised price targets. Soros Capital also reportedly added AMAT among several semiconductor positions, reinforcing the longer-term AI and chip-cycle investment case. Soros Capital Loads Up on Semiconductor Stocks
• Neutral Sentiment: Options imply a possible rebound: Derivatives-market data indicates traders expect the pullback could be temporary, although elevated volatility reflects uncertainty over the stock’s near-term direction. Applied Materials Options Data
• Negative Sentiment: Expectations were exceptionally high: Despite the earnings beat and upbeat guidance, investors wanted faster growth and clearer evidence that AMAT is outpacing rivals in semiconductor manufacturing equipment. Concerns about competition, margins and the pace of systems growth overshadowed the headline results. Applied Materials Slips as Investors Seek Faster Growth
• Negative Sentiment: Broader market pressure added to selling: Weaker July retail-sales data, profit-taking after record highs and a semiconductor-sector selloff weighed on AMAT and other AI-related stocks.

Insiders Place Their Bets

In other news, 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 transaction, the insider 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Timothy M. Deane sold 8,621 shares of the 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 sale, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 278,088 shares of company stock valued at $169,654,805. 0.30% of the stock is owned by company insiders.

Applied Materials Trading Down 5.1%

Applied Materials stock opened at $507.18 on Friday. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67. The company has a market capitalization of $402.68 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The business’s fifty day simple moving average is $564.15 and its two-hundred day simple moving average is $444.89. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 39.58% 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 last year, the company earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities analysts predict that Applied Materials, Inc. will post 12.48 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

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.