Redwood Investment Management LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,941 shares of the manufacturing equipment provider’s stock, valued at approximately $1,404,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMAT. Cornerstone Financial Management LLC acquired a new stake in shares of Applied Materials during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in Applied Materials during the 4th quarter worth $26,000. Harborfront Financial Group LLC acquired a new position in Applied Materials in the 2nd quarter worth about $27,000. Financial Freedom LLC acquired a new position in Applied Materials in the 1st quarter worth about $28,000. Finally, Dogwood Wealth Management LLC raised its position in Applied Materials by 52.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.
Applied Materials Trading Down 4.3%
NASDAQ AMAT opened at $461.67 on Friday. The firm has a market capitalization of $366.38 billion, a PE ratio of 39.80, a price-to-earnings-growth ratio of 1.03 and a beta of 1.61. The business’s 50-day moving average price is $550.80 and its two-hundred day moving average price is $456.77. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $739.67.
Applied Materials Dividend Announcement
The company also recently announced 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. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 18.28%.
Key Stories Impacting Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Semiconductor and AI demand remains strong: Recent coverage highlights Applied Materials’ $9.12 billion third-quarter revenue, up 25% year over year, and non-GAAP EPS of $3.50, up 41%. Management cited record demand visibility from AI infrastructure, more than 10 new fab projects during the quarter and fourth-quarter revenue guidance of $10.25 billion. The company is also continuing share repurchases and investing $5 billion in its EPIC Center to accelerate semiconductor innovation. The AI Buildout Is Turning Applied Materials Into A Profit Machine
- Positive Sentiment: New board member adds semiconductor expertise: AMAT appointed Akash Palkhiwala, Qualcomm’s CFO and COO, to its board and Audit Committee. His finance, operations and industry experience could strengthen oversight as Applied Materials pursues growth tied to advanced logic, memory and AI chip production. Applied Materials Appoints Akash Palkhiwala to Board of Directors
- Neutral Sentiment: Options market signals elevated uncertainty: A new analysis says options pricing for roughly one year ahead implies a particularly wide potential trading range, extending materially below and above the current level. That suggests investors should expect significant volatility rather than providing a clear directional signal. How Far Applied Materials Stock Can Move In A Year
- Negative Sentiment: CFO share sale may weigh modestly on sentiment: CFO Brice Hill sold 7,500 AMAT shares for approximately $3.6 million, reducing his direct holdings by 5.51%. The sale does not alter the company’s operating outlook, but insider selling can create a limited short-term sentiment overhang. SEC Insider Transaction Filing
Insider Activity
In other news, CEO Gary E. Dickerson sold 71,727 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the completion of the sale, the chief executive officer directly owned 1,695,164 shares in the company, valued at $1,006,503,625. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the sale, the insider owned 356,642 shares of the company’s stock, valued at approximately $180,204,069.76. This trade represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 284,192 shares of company stock worth $172,625,209. 0.30% of the stock is owned by insiders.
Analyst Ratings Changes
A number of analysts have recently commented on AMAT shares. Mizuho cut their price target on Applied Materials from $650.00 to $590.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded shares of Applied Materials from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $645.00 target price on shares of Applied Materials in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $605.00 price target on shares of Applied Materials in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $657.76.
View Our Latest Stock Report on AMAT
Applied Materials Company 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.
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