Burney Co. Sells 8,635 Shares of Applied Materials, Inc. $AMAT

Burney Co. reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,024 shares of the manufacturing equipment provider’s stock after selling 8,635 shares during the period. Burney Co.’s holdings in Applied Materials were worth $13,338,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Applied Materials by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock valued at $19,731,523,000 after purchasing an additional 330,197 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Applied Materials by 119.8% in 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 purchasing an additional 17,829,377 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Applied Materials by 40.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock worth $2,563,376,000 after buying an additional 3,583,751 shares during the last quarter. Morgan Stanley grew its stake in shares of Applied Materials by 3.4% in the 4th quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider’s stock worth $2,947,891,000 after buying an additional 373,012 shares during the last quarter. Finally, Norges Bank bought a new position in Applied Materials during the 4th quarter valued at approximately $2,858,543,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 1.7%

Shares of AMAT stock opened at $592.79 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The company has a market cap of $470.65 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 1.68 and a beta of 1.57. Applied Materials, Inc. has a 1 year low of $154.46 and a 1 year high of $739.67. The firm has a fifty day moving average price of $499.51 and a 200-day moving average price of $391.80.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.Applied Materials’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, equities analysts predict that Applied Materials, Inc. will post 12.11 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Insider Activity

In other Applied Materials news, 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 sale, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary E. Dickerson sold 71,727 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the transaction, the chief executive officer directly owned 1,695,164 shares in the company, valued at $1,006,503,625. This represents a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 278,088 shares of company stock worth $169,654,805. 0.30% of the stock is currently owned by corporate insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: Goldman Sachs raised its price target on Applied Materials to $645, helping fuel a broader rally in chip and memory stocks alongside Lam Research. 2 Chip Stocks Driving Today’s Rally With Lofty Bull Notes
• Positive Sentiment: Morgan Stanley lifted its price target on AMAT to $647 from $502, signaling higher expectations for the stock even while keeping an equal-weight rating. Benzinga report on Morgan Stanley target increase
• Positive Sentiment: Applied Materials unveiled SENZ, an AI-powered platform designed to speed development of smart glasses, reinforcing its position as a beneficiary of the AI hardware buildout. Applied Materials (AMAT) Unveils AI-Powered SENZ Platform to Accelerate Smart Glasses Development
• Positive Sentiment: Reports highlighting chip stocks “ripping” and investor interest in AI infrastructure names are adding momentum to AMAT as a leading semiconductor equipment supplier. The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. B. Riley Financial boosted their target price on Applied Materials from $550.00 to $790.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Needham & Company LLC raised their price target on Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research report on Wednesday, June 24th. UBS Group upped their price target on shares of Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, HC Wainwright set a $850.00 price objective on shares of Applied Materials in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.65.

Applied Materials Profile

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.