Applied Materials, Inc. $AMAT is Osterweis Capital Management Inc.’s 6th Largest Position

Osterweis Capital Management Inc. lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 42.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,318 shares of the manufacturing equipment provider’s stock after selling 60,814 shares during the period. Applied Materials accounts for approximately 2.8% of Osterweis Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Osterweis Capital Management Inc.’s holdings in Applied Materials were worth $58,793,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMAT. Harborfront Financial Group LLC purchased a new position in shares of Applied Materials in the second quarter worth about $27,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Applied Materials in the 2nd quarter worth about $41,000. Financial Freedom LLC bought a new stake in Applied Materials during the 1st quarter valued at approximately $28,000. Elevation Wealth Partners LLC boosted its position in shares of Applied Materials by 34.8% during the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock valued at $67,000 after purchasing an additional 24 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials in the 4th quarter worth about $25,000. 80.56% of the stock is currently owned by institutional investors.

More Applied Materials News

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

• Positive Sentiment: AI infrastructure is supporting a new growth cycle. Chipmakers are increasing spending on advanced DRAM, high-bandwidth memory, leading-edge logic and advanced packaging—all areas that benefit Applied Materials’ semiconductor equipment business. The company’s latest quarter showed revenue growth of 24.8% year over year, with earnings and revenue exceeding analyst expectations. Applied Materials Enters a New AI-Driven Growth Cycle
• Positive Sentiment: Services and parts demand remain resilient. Applied Materials’ Applied Global Services (AGS) division reportedly reached record revenue and expanded margins, helped by subscription services, parts demand and higher semiconductor-fab utilization. This recurring revenue can provide stability across equipment cycles. AMAT’s AGS Business Gains Momentum
• Positive Sentiment: Analysts see potential upside after the recent selloff. Consensus price targets imply roughly 35% upside, while another report cited an average target near $641. However, these targets depend on continued earnings-estimate improvements and sustained AI spending. Analyst Upside Potential for AMAT
• Neutral Sentiment: Mizuho remains constructive but lowered its target. The firm reduced its price target from $650 to $590 while maintaining an “outperform” rating, reflecting a more cautious near-term outlook despite expected upside. Mizuho AMAT Price Target Update
• Negative Sentiment: China exposure is the main overhang. Tighter export controls and the emergence of Chinese domestic immersion DUV lithography systems are raising concerns about Applied Materials’ competitiveness and future China sales. Reports caution that not all of the company’s approximately $2.087 billion in quarterly China revenue is immediately threatened, but investors are still pricing in greater regulatory and competitive risk. Applied Materials’ China Problem Is Getting Worse

Applied Materials Price Performance

AMAT opened at $479.76 on Thursday. 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 market capitalization of $380.74 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.03 and a beta of 1.61. The business’s fifty day simple moving average is $556.61 and its 200-day simple moving average is $455.61. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67.

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

Applied Materials Announces Dividend

The firm also recently declared 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. 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 dividend payout ratio is currently 18.28%.

Analysts Set New Price Targets

AMAT has been the subject of several recent analyst reports. Mizuho decreased their target price on shares of Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a report on Tuesday. Sanford C. Bernstein upped their price target on shares of Applied Materials from $675.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. raised their target price on Applied Materials from $515.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Citigroup reaffirmed a “buy” rating on shares of Applied Materials in a report on Monday, August 3rd. Finally, UBS Group set a $675.00 price objective on Applied Materials and gave the stock a “buy” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $657.76.

Insiders Place Their Bets

In other news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the sale, the senior vice president owned 146,916 shares of the company’s stock, valued at $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 276,692 shares of company stock valued at $169,030,834. 0.30% of the stock is owned by insiders.

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.