Applied Materials, Inc. $AMAT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 335,893 shares of the manufacturing equipment provider’s stock after selling 23,193 shares during the quarter. Teacher Retirement System of Texas’ holdings in Applied Materials were worth $61,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Applied Materials by 23.6% during the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the period. Amundi lifted its position in Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the period. Nuveen LLC purchased a new position in shares of Applied Materials during the 1st quarter valued at about $1,085,600,000. Deutsche Bank AG raised its stake in shares of Applied Materials by 20.7% during the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after buying an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Applied Materials by 43.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after buying an additional 1,691,428 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $228.75 on Monday. 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 twelve month low of $123.74 and a twelve month high of $232.07. The business has a 50-day moving average price of $191.18 and a 200 day moving average price of $177.82. The firm has a market cap of $182.23 billion, a PE ratio of 27.26, a P/E/G ratio of 2.86 and a beta of 1.82.

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

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is 21.93%.

Analyst Ratings Changes

AMAT has been the subject of a number of recent research reports. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Redburn Atlantic lowered Applied Materials from a “strong-buy” rating to a “hold” rating and reduced their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, Wolfe Research reduced their price objective on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.15.

About Applied Materials

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.