Formuepleje A S Has $6.06 Million Holdings in Applied Materials, Inc. $AMAT

Formuepleje A S decreased its holdings in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 57.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,381 shares of the manufacturing equipment provider’s stock after selling 11,285 shares during the period. Formuepleje A S’s holdings in Applied Materials were worth $6,059,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after purchasing an additional 2,771 shares during the period. Sivia Capital Partners LLC grew its stake in Applied Materials by 26.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock valued at $590,000 after buying an additional 679 shares during the last quarter. Forefront Wealth Partners LLC bought a new position in Applied Materials in the 2nd quarter valued at about $410,000. Schnieders Capital Management LLC. raised its holdings in Applied Materials by 30.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock valued at $2,747,000 after acquiring an additional 3,469 shares during the period. Finally, Sei Investments Co. lifted its position in Applied Materials by 59.3% during the second quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock worth $77,383,000 after acquiring an additional 157,426 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Applied Materials

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Wall Street Analyst Weigh In

Several research firms have recently commented on AMAT. KeyCorp upped their target price on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Wells Fargo & Company boosted their price target on Applied Materials from $715.00 to $740.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Seaport Research Partners reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Applied Materials in a report on Friday, August 14th. HC Wainwright set a $850.00 target price on Applied Materials in a report on Monday, June 29th. Finally, Erste Group Bank cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $658.45.

Get Our Latest Stock Analysis on Applied Materials

Insider Transactions at Applied Materials

In other news, CEO Gary Dickerson sold 71,727 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total value of $42,587,906.25. Following the sale, the chief executive officer directly owned 1,695,164 shares in the company, valued at approximately $1,006,503,625. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the sale, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 231,692 shares of company stock valued at $146,114,059. Company insiders own 0.30% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $454.71 on Monday. Applied Materials, Inc. has a 1 year low of $158.82 and a 1 year high of $739.67. The stock has a market capitalization of $360.86 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The company’s 50 day simple moving average is $533.24 and its 200 day simple moving average is $461.33.

Applied Materials (NASDAQ:AMATGet Free Report) last released its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the company earned $2.48 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, research analysts predict that Applied Materials, Inc. will post 12.76 EPS for the current fiscal 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 paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is 18.28%.

Applied Materials Company 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.

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

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