Harbor Island Capital LLC Has $29.41 Million Position in Applied Materials, Inc. $AMAT

Harbor Island Capital LLC cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 143,630 shares of the manufacturing equipment provider’s stock after selling 21,890 shares during the period. Applied Materials comprises 12.6% of Harbor Island Capital LLC’s holdings, making the stock its 2nd largest position. Harbor Island Capital LLC’s holdings in Applied Materials were worth $29,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMAT. IFG Advisory LLC lifted its position in shares of Applied Materials by 1,008.1% in the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider’s stock worth $6,619,000 after acquiring an additional 32,893 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Applied Materials by 23.0% during the second quarter. Atlantic Union Bankshares Corp now owns 12,643 shares of the manufacturing equipment provider’s stock worth $2,315,000 after buying an additional 2,363 shares in the last quarter. Sienna Gestion raised its stake in shares of Applied Materials by 10.2% in the 2nd quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider’s stock valued at $18,924,000 after buying an additional 10,468 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Applied Materials by 31.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 145,277 shares of the manufacturing equipment provider’s stock worth $26,601,000 after acquiring an additional 35,012 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Applied Materials by 13,360.6% during the 2nd quarter. Westfield Capital Management Co. LP now owns 694,431 shares of the manufacturing equipment provider’s stock valued at $127,129,000 after acquiring an additional 689,272 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Buying and Selling

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total value of $952,960.00. Following the sale, the senior vice president owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Adam Sanders sold 609 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the transaction, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This trade represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,609 shares of company stock valued at $2,044,898. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. BNP Paribas raised Applied Materials to a “hold” rating in a research note on Monday, November 17th. Weiss Ratings upgraded Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Cowen restated a “buy” rating on shares of Applied Materials in a research note on Thursday, December 4th. TD Cowen raised their price target on Applied Materials from $260.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $273.00 price target on shares of Applied Materials in a research report on Tuesday, December 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.78.

Applied Materials Stock Up 4.6%

Applied Materials stock opened at $268.87 on Monday. The firm has a market capitalization of $213.20 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.78 and a beta of 1.67. The company’s 50 day simple moving average is $247.75 and its 200 day simple moving average is $209.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $276.10.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, beating the consensus estimate of $2.11 by $0.06. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.84 annualized dividend and a yield of 0.7%. Applied Materials’s dividend payout ratio (DPR) is currently 21.20%.

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.