Concentric Capital Strategies LP Invests $14.53 Million in Applied Materials, Inc. $AMAT

Concentric Capital Strategies LP acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 56,555 shares of the manufacturing equipment provider’s stock, valued at approximately $14,534,000. Applied Materials makes up approximately 0.7% of Concentric Capital Strategies LP’s investment portfolio, making the stock its 28th largest position.

A number of other large investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Applied Materials by 28.0% in the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after acquiring an additional 2,771 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Applied Materials by 26.7% during the second quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock valued at $590,000 after purchasing an additional 679 shares in the last quarter. Forefront Wealth Partners LLC purchased a new position in Applied Materials during the second quarter worth about $410,000. Schnieders Capital Management LLC. grew its position in Applied Materials by 30.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock worth $2,747,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Sei Investments Co. grew its position in Applied Materials by 59.3% in the 2nd quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock worth $77,383,000 after purchasing an additional 157,426 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other Applied Materials news, 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 transaction, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Prabu G. Raja sold 50,000 shares of the business’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 transaction of $25,264,000.00. Following the completion of the sale, the insider owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 189,767 shares of company stock valued at $107,769,409 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Applied Materials Price Performance

AMAT stock opened at $592.92 on Thursday. The firm has a 50 day moving average of $441.16 and a 200-day moving average of $360.55. The firm has a market capitalization of $470.75 billion, a P/E ratio of 55.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.67. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $623.35. 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 data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (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 the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, sell-side analysts predict that Applied Materials, Inc. will post 12.1 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. Investors of record on Thursday, August 20th will be given a $0.53 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials’s payout ratio is presently 19.91%.

Applied Materials News Summary

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

• Positive Sentiment: Citi raised its price target on Applied Materials, boosting confidence that AI infrastructure spending and demand for memory-chip manufacturing tools will keep growth strong. Applied Materials surges as Citi lifts target on AI demand boom
• Positive Sentiment: The company unveiled SENZ, an integrated AI/AR smart-glasses visual platform, expanding its story beyond semiconductor equipment into next-generation optics and wearable tech. EssilorLuxottica and Applied Materials Join Forces to Advance Augmented Reality Optics Platforms for Next-Generation Smart Glasses
• Positive Sentiment: Applied Materials and EssilorLuxottica announced a long-term partnership to develop AR and AI smart-eyewear optics, suggesting an additional growth avenue and validating AMAT’s materials expertise. EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
• Positive Sentiment: Multiple reports highlighted record highs and strong momentum for chip-equipment stocks, with AMAT benefiting from the broader AI-driven rally in semiconductor capital equipment. Applied Materials Stock Is One Of the S&P 500 Leaders Today. It’s AI.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMAT. UBS Group boosted their target price on Applied Materials from $515.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Erste Group Bank raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Wolfe Research upped their price objective on Applied Materials from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Mizuho lifted their target price on Applied Materials from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC lifted their target price on Applied Materials from $440.00 to $530.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $489.16.

Applied Materials Company 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.