6,620 Shares of Applied Materials, Inc. $AMAT Purchased by McKinney Capital Management LLC

McKinney Capital Management LLC acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,620 shares of the manufacturing equipment provider’s stock, valued at approximately $3,385,000. Applied Materials accounts for about 1.2% of McKinney Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares during the period. State Street Corp raised its stake in shares of Applied Materials by 85.4% during the 2nd quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after buying an additional 32,018,892 shares in the last quarter. Amundi raised its stake in shares of Applied Materials by 19.0% during the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock worth $5,645,344,000 after buying an additional 1,246,876 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Applied Materials by 16.2% during the 2nd quarter. Van ECK Associates Corp now owns 7,713,599 shares of the manufacturing equipment provider’s stock worth $5,576,932,000 after buying an additional 1,073,879 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Applied Materials in the 2nd quarter valued at approximately $5,252,863,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMAT. Bank of America decreased their price target on Applied Materials from $650.00 to $520.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group dropped their price objective on Applied Materials from $770.00 to $580.00 and set a “buy” rating on the stock in a report on Friday. HSBC cut their price objective on Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $600.00 target price on shares of Applied Materials in a report on Friday. Finally, Needham & Company LLC reduced their target price on Applied Materials from $580.00 to $470.00 and set a “buy” rating for the company in a report on Friday. Twenty-nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $589.23.

Insiders Place Their Bets

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

Trending Headlines about Applied Materials

Here are a few of the latest headlines about AMAT:

• Positive Sentiment: Management’s outlook points to continued momentum: it forecast Q1 revenue of $10.6 billion–$11.6 billion and expects Semiconductor Systems revenue to grow more than 40% in calendar 2026. AI-related chip demand and capacity investment are key drivers of the forecast. Applied Materials sees semiconductor systems growth above 40%
• Neutral Sentiment: Management said demand is running ahead of supply, but component shortages and customers’ limited clean-room capacity may constrain how quickly equipment deliveries can scale. China is expected to account for less than a quarter of business in 2027, reducing reliance on that market even as export restrictions remain a risk. Applied Materials Says Chip Demand Remains Much Higher Than Supply
• Negative Sentiment: The strong quarter has not overcome weak sector sentiment: multiple analysts lowered price targets, citing valuation or semiconductor-equipment multiple compression, although most maintained Buy or Overweight ratings. A broader chip-stock sell-off and lingering concerns around AI-related trades have also weighed on the reaction. Analysts cut targets despite strong results

Applied Materials Price Performance

Shares of NASDAQ:AMAT traded down $10.45 during trading on Friday, hitting $370.50. 11,933,246 shares of the stock were exchanged, compared to its average volume of 8,342,034. The company has a market cap of $294.03 billion, a PE ratio of 29.36, a P/E/G ratio of 0.74 and a beta of 1.67. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $437.91 and a two-hundred day moving average price of $446.02. Applied Materials, Inc. has a 12-month low of $203.40 and a 12-month high of $739.67.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 12th. The manufacturing equipment provider reported $4.16 earnings per share for the quarter, beating the consensus estimate of $4.06 by $0.10. Applied Materials had a return on equity of 43.37% and a net margin of 29.29%. The firm had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period last year, the business posted $2.17 EPS. Applied Materials has set its Q1 2027 guidance at 4.150-4.550 EPS. On average, analysts forecast that Applied Materials, Inc. will post 18.28 EPS for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, November 19th. Applied Materials’s payout ratio is presently 18.28%.

Applied Materials Company Profile

Applied Materials, Inc. develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products. The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.