Glenview Trust Co Makes New Investment in Applied Materials, Inc. $AMAT

Glenview Trust Co purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, Holdings Channel reports. The fund purchased 52,980 shares of the manufacturing equipment provider’s stock, valued at approximately $38,305,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMAT. Cornerstone Financial Management LLC purchased a new position in Applied Materials in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new position in Applied Materials in the fourth quarter valued at approximately $26,000. Harborfront Financial Group LLC purchased a new position in Applied Materials in the second quarter valued at approximately $27,000. Financial Freedom LLC acquired a new position in shares of Applied Materials in the 1st quarter valued at $28,000. Finally, Dogwood Wealth Management LLC raised its stake in Applied Materials by 52.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMAT shares. Seaport Research Partners restated a “buy” rating and issued a $575.00 price objective on shares of Applied Materials in a research note on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Applied Materials in a research report on Friday, August 14th. Truist Financial set a $575.00 price objective on Applied Materials in a report on Thursday, May 28th. Wells Fargo & Company raised their price objective on shares of Applied Materials from $715.00 to $740.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Erste Group Bank lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $657.76.

Applied Materials Stock Down 4.3%

AMAT opened at $461.67 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The business has a 50 day simple moving average of $550.80 and a 200-day simple moving average of $456.77. The stock has a market capitalization of $366.38 billion, a P/E ratio of 39.80, a P/E/G ratio of 1.03 and a beta of 1.61. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the company posted $2.48 earnings per share. Applied Materials’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 12.73 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 20th. Applied Materials’s dividend payout ratio is presently 18.28%.

Insider Buying and Selling

In related news, insider Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the sale, the insider owned 356,642 shares in the company, valued at $180,204,069.76. This represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary E. Dickerson sold 71,727 shares of the firm’s stock in a transaction that occurred 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. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 284,192 shares of company stock valued at $172,625,209 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Semiconductor and AI demand remains strong: Recent coverage highlights Applied Materials’ $9.12 billion third-quarter revenue, up 25% year over year, and non-GAAP EPS of $3.50, up 41%. Management cited record demand visibility from AI infrastructure, more than 10 new fab projects during the quarter and fourth-quarter revenue guidance of $10.25 billion. The company is also continuing share repurchases and investing $5 billion in its EPIC Center to accelerate semiconductor innovation. The AI Buildout Is Turning Applied Materials Into A Profit Machine
• Positive Sentiment: New board member adds semiconductor expertise: AMAT appointed Akash Palkhiwala, Qualcomm’s CFO and COO, to its board and Audit Committee. His finance, operations and industry experience could strengthen oversight as Applied Materials pursues growth tied to advanced logic, memory and AI chip production. Applied Materials Appoints Akash Palkhiwala to Board of Directors
• Neutral Sentiment: Options market signals elevated uncertainty: A new analysis says options pricing for roughly one year ahead implies a particularly wide potential trading range, extending materially below and above the current level. That suggests investors should expect significant volatility rather than providing a clear directional signal. How Far Applied Materials Stock Can Move In A Year
• Negative Sentiment: CFO share sale may weigh modestly on sentiment: CFO Brice Hill sold 7,500 AMAT shares for approximately $3.6 million, reducing his direct holdings by 5.51%. The sale does not alter the company’s operating outlook, but insider selling can create a limited short-term sentiment overhang. SEC Insider Transaction Filing

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.