Jacobi Capital Management LLC Acquires 2,308 Shares of Applied Materials, Inc. $AMAT

Jacobi Capital Management LLC grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,093 shares of the manufacturing equipment provider’s stock after buying an additional 2,308 shares during the period. Jacobi Capital Management LLC’s holdings in Applied Materials were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. grew its stake in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials in the 1st quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Activest Wealth Management grew its position in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC increased its holdings in shares of Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 0.0%

NASDAQ AMAT opened at $163.42 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The firm has a market capitalization of $130.19 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.33 and a beta of 1.77. The company has a fifty day moving average of $178.66 and a two-hundred day moving average of $164.69.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $2.12 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Applied Materials from $215.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Redburn Atlantic cut Applied Materials from a “strong-buy” rating to a “hold” rating and decreased their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Cantor Fitzgerald lowered their target price on Applied Materials from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Wall Street Zen cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a research note on Friday, May 16th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.88.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by company insiders.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.