Anchor Investment Management LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 23.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,629 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,935 shares during the quarter. Anchor Investment Management LLC’s holdings in Applied Materials were worth $4,016,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMAT. Cornerstone Financial Management LLC purchased a new stake in shares of Applied Materials in the fourth quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Applied Materials in the third quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Applied Materials during the fourth quarter valued at $26,000. Highline Wealth Partners LLC grew its holdings in shares of Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after buying an additional 38 shares in the last quarter. Finally, Joseph Group Capital Management acquired a new position in Applied Materials during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on AMAT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Applied Materials in a research report on Friday, March 27th. Raymond James Financial set a $650.00 target price on Applied Materials in a report on Wednesday, June 10th. HSBC assumed coverage on shares of Applied Materials in a research report on Friday, May 8th. They issued a “buy” rating and a $517.00 price target for the company. B. Riley Financial raised their price target on shares of Applied Materials from $530.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Truist Financial set a $575.00 price objective on shares of Applied Materials in a research report on Thursday, May 28th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average target price of $489.16.
Applied Materials Price Performance
NASDAQ AMAT opened at $617.11 on Friday. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $638.90. The stock’s 50-day moving average is $446.42 and its two-hundred day moving average is $363.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The firm has a market cap of $489.96 billion, a P/E ratio of 57.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.67.
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.18. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 EPS. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 12.1 earnings per share for the current fiscal year.
Applied Materials Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 20th. Applied Materials’s payout ratio is 19.91%.
Insider Activity
In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $505.28, for a total transaction of $25,264,000.00. Following the completion of the sale, the insider owned 356,642 shares of the company’s stock, valued at $180,204,069.76. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares in the company, valued at approximately $79,534,609.56. This trade represents a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 189,767 shares of company stock valued at $107,769,409. Insiders own 0.30% of the company’s stock.
Applied Materials News Summary
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Citi raised its price target on Applied Materials, reinforcing the view that AI infrastructure spending and memory-chip equipment demand should keep driving revenue growth. Applied Materials surges as Citi lifts target on AI demand boom
- Positive Sentiment: Applied Materials launched SENZ, a fully integrated visual system for AI smart glasses, and partnered with EssilorLuxottica and Qualcomm, giving investors a potential new long-term growth avenue. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
- Positive Sentiment: Recent commentary highlighted Applied Materials as a beneficiary of the AI equipment super-cycle, with strong earnings, robust wafer-fab equipment demand, and favorable analyst sentiment supporting the rally. Applied Materials: The Cheapest Seat On The AI Equipment Super-Cycle
Applied Materials Company 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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