4,287 Applied Materials, Inc. $AMAT Shares Acquired by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management increased its Applied Materials stake by 23.9%, buying 4,287 shares in the third quarter to reach 22,202 shares valued at about $11.35 million.
• Institutional investors own 80.56% of the company’s stock; several major firms, including State Street and BlackRock, also reported sizable holdings or increases.
• Applied Materials beat quarterly earnings and revenue expectations, while analysts’ average rating is “Moderate Buy” with a $632.01 average price target. The company also announced a quarterly dividend of $0.53 per share.

Asset One Wealth Management LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,202 shares of the manufacturing equipment provider's stock after purchasing an additional 4,287 shares during the quarter. Applied Materials makes up about 1.0% of Asset One Wealth Management LLC's investment portfolio, making the stock its 21st largest holding. Asset One Wealth Management LLC's holdings in Applied Materials were worth $11,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its position in shares of Applied Materials by 85.4% in the second quarter. State Street Corp now owns 69,525,842 shares of the manufacturing equipment provider's stock valued at $50,267,184,000 after acquiring an additional 32,018,892 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Applied Materials during the 2nd quarter valued at about $5,252,863,000. Jupiter Topco LLC purchased a new stake in Applied Materials during the 2nd quarter valued at $1,512,287,000. Amundi increased its holdings in shares of Applied Materials by 19.0% in the 2nd quarter. Amundi now owns 7,808,207 shares of the manufacturing equipment provider's stock worth $5,645,344,000 after buying an additional 1,246,876 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Applied Materials by 1.6% during the 2nd quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider's stock valued at $57,993,650,000 after purchasing an additional 1,237,685 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $332.71 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a 12 month low of $203.40 and a 12 month high of $739.67. The business has a 50 day simple moving average of $444.84 and a two-hundred day simple moving average of $444.66. The stock has a market capitalization of $264.04 billion, a P/E ratio of 28.68, a PEG ratio of 0.73 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The firm's quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials's dividend payout ratio (DPR) is 18.28%.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research analyst reports. Craig Hallum raised their price target on Applied Materials from $530.00 to $585.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Morgan Stanley reduced their price target on shares of Applied Materials from $563.00 to $538.00 and set an "equal weight" rating for the company in a report on Tuesday. Needham & Company LLC dropped their target price on shares of Applied Materials from $740.00 to $580.00 and set a "buy" rating on the stock in a report on Friday, October 16th. Seaport Research Partners reissued a "buy" rating and issued a $575.00 price objective (up from $500.00) on shares of Applied Materials in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $605.00 target price (down from $680.00) on shares of Applied Materials in a research report on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Applied Materials has an average rating of "Moderate Buy" and an average price target of $632.01.

Insider Transactions at Applied Materials

In other news, CAO Adam Sanders sold 725 shares of the firm's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $544.56, for a total value of $394,806.00. Following the transaction, the chief accounting officer directly owned 3,181 shares in the company, valued at approximately $1,732,245.36. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the transaction, the director owned 25,544 shares in the company, valued at $11,877,960. The trade was a 3.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,225 shares of company stock worth $4,454,181 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Trending Headlines about Applied Materials

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

• Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
• Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
• Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
• Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade

Applied Materials Company Profile

Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.

The company's offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.

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