BNP Paribas cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 187,068 shares of the manufacturing equipment provider’s stock after selling 10,160 shares during the period. Applied Materials comprises 1.4% of BNP Paribas’ portfolio, making the stock its 16th biggest holding. BNP Paribas’ holdings in Applied Materials were worth $48,213,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. GW Henssler & Associates Ltd. bought a new stake in Applied Materials in the 4th quarter valued at $232,000. a16z Perennial Management L.P. grew its stake in shares of Applied Materials by 14.7% in the 4th quarter. a16z Perennial Management L.P. now owns 1,705 shares of the manufacturing equipment provider’s stock worth $438,000 after buying an additional 218 shares in the last quarter. SCS Capital Management LLC increased its position in shares of Applied Materials by 15.6% during the 4th quarter. SCS Capital Management LLC now owns 1,857 shares of the manufacturing equipment provider’s stock valued at $477,000 after purchasing an additional 251 shares during the last quarter. Rothschild Wealth LLC increased its position in shares of Applied Materials by 5.0% during the 4th quarter. Rothschild Wealth LLC now owns 1,270 shares of the manufacturing equipment provider’s stock valued at $326,000 after purchasing an additional 61 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in shares of Applied Materials by 7.1% during the 4th quarter. Waterloo Capital L.P. now owns 2,717 shares of the manufacturing equipment provider’s stock valued at $698,000 after purchasing an additional 180 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.
Applied Materials Trading Up 1.8%
NASDAQ:AMAT opened at $458.17 on Tuesday. The firm has a 50-day simple moving average of $399.26 and a 200-day simple moving average of $335.80. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $463.88. The firm has a market cap of $363.77 billion, a P/E ratio of 43.02, a P/E/G ratio of 1.26 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51.
Applied Materials Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid 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 is Thursday, May 21st. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s dividend payout ratio (DPR) is currently 19.91%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on AMAT shares. Bank of America boosted their target price on Applied Materials from $465.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, May 15th. KeyCorp lifted their price target on shares of Applied Materials from $450.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Applied Materials in a research note on Friday, March 27th. Royal Bank Of Canada lifted their price target on shares of Applied Materials from $500.00 to $520.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Truist Financial set a $575.00 price target on shares of Applied Materials in a research note on Thursday. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $470.13.
View Our Latest Analysis on AMAT
Insider Buying and Selling
In related news, Director Judy Bruner sold 1,128 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $450.00, for a total transaction of $507,600.00. Following the sale, the director directly owned 26,544 shares of the company’s stock, valued at approximately $11,944,800. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Adam Sanders sold 268 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $434.22, for a total transaction of $116,370.96. Following the transaction, the chief accounting officer directly owned 4,280 shares in the company, valued at approximately $1,858,461.60. The trade was a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.
More Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Jim Cramer said he’s betting that Applied Materials “will just keep winning,” reinforcing the bullish case for the stock and adding to positive investor momentum. Jim Cramer Says He’s Betting “Applied Materials Will Just Keep Winning”
- Positive Sentiment: Recent analyst coverage remained constructive, with Mizuho reportedly raising its price target on Applied Materials to $540 from $500 while reiterating an Outperform rating, signaling continued confidence in the company’s long-term fundamentals. Applied Materials (AMAT) – Among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires
- Positive Sentiment: Articles focused on Applied Materials as a trending stock and a favored “real value” AI/semiconductor name, suggesting rising investor attention and support for the share price. Applied Materials, Inc. (AMAT) Is a Trending Stock: Facts to Know Before Betting on It
- Neutral Sentiment: Brokerage-focused commentary emphasized that Wall Street’s bullish views matter for the stock, but did not add a new catalyst beyond reinforcing existing optimism. Is It Worth Investing in Applied Materials (AMAT) Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Broadcom’s announcement of new AI and edge-network platforms mentioned Applied Materials as one of several partners, which is supportive context for the semiconductor ecosystem but not a direct AMAT-specific catalyst. Why Broadcom (AVGO) Is Up 11.1% After New AI Data Center And Edge Network Platforms
- Negative Sentiment: No major negative company-specific developments were highlighted in the provided articles, so there is little evidence of a fundamental headwind driving AMAT lower today.
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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