Maxele Advisors LLC bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,266 shares of the manufacturing equipment provider’s stock, valued at approximately $3,084,000. Applied Materials makes up approximately 2.2% of Maxele Advisors LLC’s holdings, making the stock its 10th biggest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harborfront Financial Group LLC purchased a new position in shares of Applied Materials in the 2nd quarter worth approximately $27,000. BOK Financial Private Wealth Inc. purchased a new stake in Applied Materials during the 2nd quarter valued at $41,000. Financial Freedom LLC bought a new stake in Applied Materials in the first quarter worth $28,000. Elevation Wealth Partners LLC lifted its position in Applied Materials by 34.8% in the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider’s stock worth $67,000 after buying an additional 24 shares during the last quarter. Finally, Cornerstone Financial Management LLC purchased a new position in Applied Materials during the fourth quarter worth $25,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Applied Materials Trading Down 4.3%
AMAT opened at $461.67 on Friday. The stock’s fifty day moving average is $550.80 and its two-hundred day moving average is $456.77. The company has a market capitalization of $366.38 billion, a P/E ratio of 39.80, a PEG ratio of 1.03 and a beta of 1.61. Applied Materials, Inc. has a 52 week low of $154.46 and a 52 week high of $739.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.
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 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s dividend payout ratio is 18.28%.
Analyst Upgrades and Downgrades
AMAT has been the topic of a number of analyst reports. HSBC reiterated a “buy” rating and set a $683.00 price objective on shares of Applied Materials in a research report on Monday, July 27th. Wolfe Research lifted their price target on shares of Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Barclays upped their price target on shares of Applied Materials from $500.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of Applied Materials in a research report on Friday, August 14th. Finally, Zacks Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $657.76.
Get Our Latest Stock Report on Applied Materials
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 at Applied Materials
In other news, insider Prabu G. Raja sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were 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 owned 356,642 shares in the company, valued at approximately $180,204,069.76. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Iannotti sold 9,250 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the transaction, the director owned 40,559 shares in the company, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 284,192 shares of company stock worth $172,625,209 over the last quarter. Corporate insiders own 0.30% of the company’s stock.
Applied Materials 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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