CX Institutional Has $7.13 Million Stake in Applied Materials, Inc. $AMAT

CX Institutional lowered its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,829 shares of the manufacturing equipment provider’s stock after selling 3,479 shares during the period. CX Institutional’s holdings in Applied Materials were worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMAT. State Street Corp grew its holdings in shares of Applied Materials by 1.0% in the 2nd quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider’s stock valued at $7,125,265,000 after acquiring an additional 391,540 shares in the last quarter. Geode Capital Management LLC boosted its position in Applied Materials by 2.0% during the second quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock valued at $3,836,807,000 after purchasing an additional 407,282 shares during the last quarter. Alliancebernstein L.P. grew its stake in Applied Materials by 72.5% in the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after purchasing an additional 5,700,349 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Applied Materials by 13.7% in the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider’s stock valued at $1,635,992,000 after purchasing an additional 1,075,525 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Applied Materials during the 2nd quarter worth approximately $1,604,002,000. 80.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Applied Materials from $255.00 to $290.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Craig Hallum reissued a “hold” rating and issued a $190.00 price objective on shares of Applied Materials in a research report on Friday, November 14th. B. Riley boosted their price objective on shares of Applied Materials from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Stifel Nicolaus raised their target price on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, BNP Paribas raised Applied Materials to a “hold” rating in a research report on Monday, November 17th. Twenty-one research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.78.

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total value of $952,960.00. Following the completion of the sale, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Adam Sanders sold 609 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the transaction, the chief accounting officer owned 4,413 shares in the company, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 8,609 shares of company stock valued at $2,044,898. 0.24% of the stock is currently owned by company insiders.

Applied Materials Trading Down 1.3%

Shares of AMAT stock opened at $292.20 on Thursday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $298.22. The company has a market capitalization of $231.70 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.67. The firm has a 50 day moving average price of $251.30 and a two-hundred day moving average price of $211.89. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32.

Applied Materials (NASDAQ:AMAT) last posted 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. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. As a group, analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. 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.