Clal Insurance Enterprises Holdings Ltd Purchases 265,906 Shares of Applied Materials, Inc. $AMAT

Clal Insurance Enterprises Holdings Ltd grew its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 119,777.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 266,128 shares of the manufacturing equipment provider’s stock after acquiring an additional 265,906 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Applied Materials were worth $68,392,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Applied Materials by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 76,779,340 shares of the manufacturing equipment provider’s stock valued at $19,731,523,000 after purchasing an additional 330,197 shares during the last quarter. Capital Research Global Investors increased its position in shares of Applied Materials by 119.8% during the 4th quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock valued at $8,405,458,000 after purchasing an additional 17,829,377 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Applied Materials by 40.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after purchasing an additional 3,583,751 shares during the last quarter. Norges Bank bought a new position in shares of Applied Materials during the 4th quarter valued at approximately $2,858,543,000. Finally, Sanders Capital LLC increased its position in shares of Applied Materials by 42.6% during the 3rd quarter. Sanders Capital LLC now owns 10,978,990 shares of the manufacturing equipment provider’s stock valued at $2,247,838,000 after purchasing an additional 3,280,730 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total value of $25,264,000.00. Following the completion of the sale, the insider directly owned 356,642 shares in the company, valued at approximately $180,204,069.76. This represents a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judy Bruner sold 1,128 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $450.00, for a total value of $507,600.00. Following the completion of the sale, the director owned 26,544 shares of the company’s stock, valued at $11,944,800. This represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 53,896 shares of company stock worth $27,135,121 in the last 90 days. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMAT. Truist Financial set a $575.00 target price on Applied Materials in a research report on Thursday, May 28th. Cantor Fitzgerald boosted their target price on Applied Materials from $575.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday. HSBC began coverage on Applied Materials in a research report on Friday, May 8th. They set a “buy” rating and a $517.00 target price on the stock. Royal Bank Of Canada boosted their target price on Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Needham & Company LLC boosted their target price on Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $483.03.

Check Out Our Latest Analysis on Applied Materials

More Applied Materials News

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

Applied Materials Price Performance

AMAT opened at $567.25 on Friday. The business has a fifty day moving average of $427.22 and a 200 day moving average of $352.62. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $569.95. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The stock has a market cap of $450.37 billion, a P/E ratio of 53.26, a PEG ratio of 1.54 and a beta of 1.67.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the previous year, the business earned $2.39 EPS. Applied Materials’s revenue was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 12.1 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued 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 payout ratio is presently 19.91%.

Applied Materials Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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