SVB Wealth LLC Purchases 14,910 Shares of Applied Materials, Inc. $AMAT

SVB Wealth LLC raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 95.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,505 shares of the manufacturing equipment provider’s stock after buying an additional 14,910 shares during the quarter. SVB Wealth LLC’s holdings in Applied Materials were worth $4,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its stake in Applied Materials by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider’s stock worth $1,663,780,000 after purchasing an additional 1,602,645 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. Nuveen LLC bought a new stake in Applied Materials during the first quarter valued at $1,085,600,000. Deutsche Bank AG grew its position in Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after buying an additional 1,691,428 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $162.49 on Friday. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 2.28 and a beta of 1.70. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70. The stock’s 50-day moving average is $183.13 and its 200 day moving average is $166.12.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.Applied Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials’s payout ratio is 21.93%.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of research analyst reports. Cfra Research upgraded Applied Materials to a “hold” rating in a research report on Friday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Applied Materials in a research report on Friday, May 16th. Evercore ISI reiterated an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a research report on Friday, August 15th. Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Monday, July 7th. Finally, Bank of America reiterated a “neutral” rating and set a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.88.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares of the company’s stock, valued at $946,580. The trade was a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Applied Materials Company Profile

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.