Bonness Enterprises Inc. Sells 2,060 Shares of Applied Materials, Inc. $AMAT

Bonness Enterprises Inc. cut its position in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 24,776 shares of the manufacturing equipment provider’s stock after selling 2,060 shares during the quarter. Applied Materials makes up approximately 2.2% of Bonness Enterprises Inc.’s holdings, making the stock its 11th largest holding. Bonness Enterprises Inc.’s holdings in Applied Materials were worth $6,367,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMAT. Marquette Asset Management LLC lifted its position in shares of Applied Materials by 150.0% during the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $31,000. Howard Hughes Medical Institute purchased a new stake in shares of Applied Materials during the second quarter valued at approximately $32,000. Finally, Total Investment Management Inc. bought a new stake in Applied Materials during the second quarter worth $33,000. 80.56% of the stock is owned by institutional investors.

Applied Materials News Summary

Here are the key news stories impacting Applied Materials this week:

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMAT. Stifel Nicolaus upped their price objective on Applied Materials from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Zacks Research upgraded Applied Materials from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Needham & Company LLC increased their price target on shares of Applied Materials from $390.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 13th. B. Riley Financial restated a “buy” rating and set a $450.00 price objective (up from $400.00) on shares of Applied Materials in a report on Friday, February 13th. Finally, Citigroup lifted their price objective on shares of Applied Materials from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $363.46.

View Our Latest Report on AMAT

Applied Materials Trading Down 0.4%

Shares of Applied Materials stock opened at $337.17 on Friday. The company’s 50-day moving average price is $345.04 and its 200-day moving average price is $275.99. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.30. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $395.95. The company has a market cap of $267.58 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.50 and a beta of 1.65.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings data on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.21 by $0.17. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter in the previous year, the company earned $2.38 earnings per share. Applied Materials’s revenue for the quarter was down 2.1% on a year-over-year basis. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. On average, equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is an increase from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. Applied Materials’s payout ratio is currently 18.83%.

Insider Buying and Selling

In related news, Director Judy Bruner sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $391.71, for a total transaction of $979,275.00. Following the completion of the transaction, the director directly owned 26,089 shares in the company, valued at $10,219,322.19. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Adam Sanders sold 534 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the transaction, the chief accounting officer owned 4,625 shares in the company, valued at $1,753,615. This represents a 10.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,003 shares of company stock worth $4,484,189. Corporate insiders own 0.30% of the company’s stock.

About Applied Materials

(Free Report)

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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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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