Oakmont Investment Advisors Inc. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,902 shares of the manufacturing equipment provider’s stock, valued at approximately $973,000.
Several other large investors also recently modified their holdings of AMAT. State Street Corp raised its position in shares of Applied Materials by 85.4% during the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider’s stock worth $50,267,184,000 after purchasing an additional 32,018,892 shares during the period. Bank of America Corp DE acquired a new position in shares of Applied Materials in the 2nd quarter valued at approximately $5,252,863,000. Jupiter Topco LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at approximately $1,512,287,000. Amundi grew its position in shares of Applied Materials by 19.0% in the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider’s stock valued at $5,645,344,000 after purchasing an additional 1,246,876 shares during the period. Finally, BlackRock Inc. increased its stake in Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider’s stock worth $57,993,650,000 after purchasing an additional 1,237,685 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction 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 represents a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director directly owned 25,544 shares of the company’s stock, valued at $11,877,960. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,225 shares of company stock valued at $4,454,181 in the last quarter. 0.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Sanford C. Bernstein raised their target price 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. Susquehanna lifted their price target on shares of Applied Materials from $575.00 to $900.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. KeyCorp upped their price target on shares of Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $605.00 price objective (down from $680.00) on shares of Applied Materials in a research report on Friday, August 14th. Thirty investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.70.
Read Our Latest Stock Report on AMAT
Applied Materials Stock Performance
Shares of Applied Materials stock opened at $408.94 on Thursday. 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 firm has a market cap of $324.53 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.60. The stock’s 50-day moving average is $473.15 and its 200-day moving average is $487.51. Applied Materials, Inc. has a one year low of $203.40 and a one 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. Applied Materials’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities analysts predict that Applied Materials, Inc. will post 12.79 earnings per share for the current fiscal year.
Applied Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.53 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.12 annualized dividend and a yield of 0.5%. Applied Materials’s payout ratio is presently 18.28%.
About Applied Materials
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.
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