Tempo Wealth LLC acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,353 shares of the manufacturing equipment provider’s stock, valued at approximately $348,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its position in shares of Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider’s stock worth $8,405,458,000 after purchasing an additional 17,829,377 shares in the last quarter. Norges Bank bought a new stake in shares of Applied Materials during the fourth quarter valued at approximately $2,858,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Applied Materials by 617.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock valued at $1,869,170,000 after purchasing an additional 7,856,576 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Applied Materials by 40.1% in the third quarter. Ameriprise Financial Inc. now owns 12,520,114 shares of the manufacturing equipment provider’s stock valued at $2,563,376,000 after purchasing an additional 3,583,751 shares in the last quarter. Finally, Coatue Management LLC bought a new position in Applied Materials in the 3rd quarter worth approximately $685,684,000. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Stock Performance
Shares of NASDAQ:AMAT opened at $617.11 on Friday. The company has a market capitalization of $489.96 billion, a price-to-earnings ratio of 57.94, a P/E/G ratio of 1.72 and a beta of 1.67. The firm’s 50 day simple moving average is $451.05 and its 200 day simple moving average is $364.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $638.90.
Applied Materials Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.3%. Applied Materials’s payout ratio is 19.91%.
Key Stories Impacting Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Applied Materials’ AGS services business is being highlighted as a long-term growth engine, with AI-enabled services and expanding margins potentially creating more recurring revenue. Can AMAT’s AGS Business Become a Long-Term Growth Driver?
- Positive Sentiment: Shares are benefiting from renewed enthusiasm around AI demand and strong earnings momentum, with articles noting the stock has been hitting new highs after solid results and upbeat guidance. AI Demand, Earnings Send Applied Materials to New Highs
- Positive Sentiment: Applied Materials launched SENZ with Qualcomm and EssilorLuxottica for AI eyewear, reinforcing investor hopes that the company can expand beyond core chipmaking tools into adjacent growth markets. Applied Materials (AMAT) Launches SENZ With Qualcomm And EssilorLuxottica For AI Eyewear
- Positive Sentiment: Analyst sentiment remains constructive, with higher price targets such as Citi’s $710 view helping fuel the rally by suggesting AI demand can justify the premium valuation. Applied Materials (AMAT) Stock Rallies 8.75% on Citi’s Bullish $710 Price Target
- Neutral Sentiment: Several insiders, including CEO Gary Dickerson and SVP Omkaram Nalamasu, sold shares this week; while the sales were small relative to their remaining holdings, they can weigh on sentiment. Why Applied Materials Insiders Sold $65 Million Worth of Stock
- Neutral Sentiment: Some commentary warns the stock looks expensive after a sharp year-to-date surge, with valuation comparisons to the dot-com era potentially prompting caution despite the strong fundamental backdrop. Applied Materials stock valuation and performance
Insider Buying and Selling
In related news, CEO Gary E. Dickerson sold 71,727 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $593.75, for a total value of $42,587,906.25. Following the completion of the sale, the chief executive officer owned 1,695,164 shares in the company, valued at $1,006,503,625. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the sale, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. The trade was a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 189,767 shares of company stock worth $107,769,409 over the last ninety days. Insiders own 0.30% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Bank of America increased their price objective on Applied Materials from $465.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Erste Group Bank raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company raised their price target on Applied Materials from $435.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $502.00 price objective (up from $454.00) on shares of Applied Materials in a research report on Friday, May 15th. Finally, Truist Financial set a $575.00 target price on shares of Applied Materials in a research report on Thursday, May 28th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $489.16.
Read Our Latest Stock Analysis on AMAT
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.
Further Reading
- Five stocks we like better than Applied Materials
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.
