AMAT
Applied Materials, Inc.Technology · $386.5B market cap
Verdict
Share price
$540.04
close of Oct 3, 2026
Fair value
$179.90
Sticker Price
Payback Price
$71.96
buy price
AMAT is Overpriced: at $540.04 it trades 200% above its fair value of $179.90. Its buy price (Payback Price) is $71.96, 87% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Earnings Power. Our 10-year earnings projection came out at less than a fifth of the share price, too far from reality to publish. So we use a simpler measure: today's normal earnings at the price-to-earnings ratio it has typically traded at.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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11 of the investors we track hold AMAT. In Q2 2026, 2 opened a position and 5 trimmed. Who we track
Chase Coleman
Tiger Global Management · as of Q2 2026
$1.2B
1,632,210 shares
Stephen Mandel
Lone Pine Capital · as of Q2 2026
$873.2M
1,207,737 shares
Abrams Bison Investments
Abrams Bison Investments · as of Q2 2026
$399.1M
552,000 shares
John Armitage
Egerton Capital · as of Q2 2026
$376.7M
521,065 shares
William Von Mueffling
Cantillon Capital Management · as of Q2 2026
$36.3M
50,176 shares
Show all 11 holdersShow fewer
David Katz
Matrix Asset Advisors · as of Q2 2026
$34.7M
48,044 shares
Thomas Gayner
Markel Group · as of Q2 2026
$26.3M
36,350 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$8.0M
11,007 shares
Lee Ainslie
Maverick Capital · as of Q2 2026
$1.8M
2,468 shares
Bill Nygren
Oakmark Funds · as of Q2 2026
$1.4M
1,945 shares
Glenn Greenberg
Brave Warrior Advisors · as of Q2 2026
$695K
961 shares
Moves in Q2 2026
New position: Stephen Mandel, John Armitage
Trimmed: Bill Nygren, William Von Mueffling, Lee Ainslie, David Katz, Abrams Bison Investments
Insider activity
Since Jun 15, 2026: no open-market purchases, 29 sales worth $146.6M and 5 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
BRUNER JUDY
director · 2026-09-08
Sold
$465K
Hill Brice
SVP, CFO · 2026-08-25
Sold
$3.6M
DICKERSON GARY E
President and CEO · 2026-06-30
Sold
$22K
DICKERSON GARY E
President and CEO · 2026-06-30
Sold
$14.7M
DICKERSON GARY E
President and CEO · 2026-06-29
Sold
$5.6M
Show all 29 salesShow fewer
DICKERSON GARY E
President and CEO · 2026-06-29
Sold
$35.2M
Raja Prabu G.
President, Semi. Products Grp. · 2026-06-18
Sold
$6.3M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$502K
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$1.5M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$2.7M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$8.1M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$3.5M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$2.7M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$2.8M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$6.2M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$5.4M
DICKERSON GARY E
President and CEO · 2026-06-16
Sold
$9.3M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$2.2M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$2.4M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$669K
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$2.8M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$1.4M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$2.8M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-16
Sold
$2.1M
Iannotti Thomas J
director · 2026-06-16
Sold
$5.5M
Deane Timothy M
SVP, Applied Global Services · 2026-06-15
Sold
$5.1M
DICKERSON GARY E
President and CEO · 2026-06-15
Sold
$6.7M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-15
Sold
$2.3M
Nalamasu Omkaram
Senior Vice President, CTO · 2026-06-15
Sold
$4.1M
Other filings
Palkhiwala Akash J.
director · 2026-08-27
Award
279 shares
Sanders Adam
Corp. Controller & CAO · 2026-07-01
Tax withholding
$81K
DICKERSON GARY E
President and CEO · 2026-06-16
G-Gift
17,000 shares
Iannotti Thomas J
director · 2026-06-16
G-Gift
750 shares
Deane Timothy M
SVP, Applied Global Services · 2026-06-15
G-Gift
1,545 shares
About Applied Materials, Inc.
Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes…
Semiconductors
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works