Talbot Financial LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,577 shares of the manufacturing equipment provider’s stock after buying an additional 1,759 shares during the period. Applied Materials comprises 5.2% of Talbot Financial LLC’s investment portfolio, making the stock its 5th largest position. Talbot Financial LLC’s holdings in Applied Materials were worth $72,911,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Ausdal Financial Partners Inc. acquired a new stake in Applied Materials in the second quarter valued at approximately $4,005,000. Caldwell Investment Management Ltd. acquired a new position in shares of Applied Materials during the second quarter worth $1,589,000. CX Institutional lifted its position in shares of Applied Materials by 333.3% during the third quarter. CX Institutional now owns 25,853 shares of the manufacturing equipment provider’s stock worth $12,631,000 after purchasing an additional 19,886 shares in the last quarter. Evolve Private Wealth LLC lifted its position in shares of Applied Materials by 59.0% during the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Applied Materials by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock valued at $729,211,000 after purchasing an additional 28,982 shares during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on AMAT. UBS Group raised their price target on shares of Applied Materials from $675.00 to $695.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Sanford C. Bernstein boosted their price objective on shares of Applied Materials from $675.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Mizuho decreased their price objective on shares of Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $600.00 target price on shares of Applied Materials in a research note on Wednesday, October 14th. Thirty investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $632.70.
Read Our Latest Stock Report on Applied Materials
Applied Materials Stock Up 1.7%
AMAT traded up $7.08 during trading on Monday, hitting $416.37. The company had a trading volume of 2,948,983 shares, compared to its average volume of 7,866,817. The company has a market cap of $330.43 billion, a PE ratio of 35.88, a P/E/G ratio of 1.14 and a beta of 1.60. The business has a 50-day moving average of $480.52 and a 200-day moving average of $486.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 1-year low of $203.40 and a 1-year high of $739.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.79 earnings per share for the current year.
Applied Materials Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 19th. Applied Materials’s dividend payout ratio is 18.28%.
Insider Transactions at Applied Materials
In other news, Director Judy Bruner sold 1,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brice Hill sold 7,500 shares of Applied Materials stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the completion of the transaction, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This trade represents a 5.51% 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 9,225 shares of company stock valued at $4,454,181. Insiders own 0.30% of the company’s stock.
Applied Materials Company Profile
Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.
The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.
Featured Stories
- Five stocks we like better than Applied Materials
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
- Insider Buying Is Rising at These 3 Regional Banks, But the Details Matter
- Illinois Tool Works Faces Headwinds—2 Alternatives Stand Out
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.
