Adage Capital Partners GP L.L.C. Has $115.82 Million Position in Applied Materials, Inc. $AMAT

Key Points

• Adage Capital Partners GP L.L.C. sold 27,200 shares of Applied Materials, Inc., reducing its stake by 3.3% to 798,126 shares, worth approximately $115.8 million.
• Several other institutional investors significantly increased their positions in Applied Materials, with Runnymede Capital Advisors raising its holdings by 972.2% during the same period.
• Applied Materials reported $2.48 EPS for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.46, representing a yield of 1.1%.

Adage Capital Partners GP L.L.C. cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 798,126 shares of the manufacturing equipment provider's stock after selling 27,200 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Applied Materials worth $115,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Old Port Advisors grew its stake in Applied Materials by 2.5% in the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after acquiring an additional 66 shares during the period. Silver Oak Securities Incorporated grew its stake in Applied Materials by 4.7% in the first quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider's stock valued at $218,000 after acquiring an additional 68 shares during the period. Cromwell Holdings LLC grew its stake in Applied Materials by 2.8% in the first quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock valued at $369,000 after acquiring an additional 69 shares during the period. TCTC Holdings LLC grew its stake in Applied Materials by 7.2% in the first quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after acquiring an additional 70 shares during the period. Finally, Hardy Reed LLC grew its stake in Applied Materials by 1.0% in the first quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock valued at $1,063,000 after acquiring an additional 71 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Performance

NASDAQ:AMAT traded up $1.99 on Thursday, hitting $158.24. The company's stock had a trading volume of 6,241,519 shares, compared to its average volume of 7,399,740. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70. The stock has a fifty day moving average of $180.94 and a two-hundred day moving average of $165.06. The firm has a market capitalization of $126.06 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 2.29 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.2%. Applied Materials's payout ratio is presently 21.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMAT shares. Wells Fargo & Company reduced their price objective on Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Applied Materials in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, August 15th. UBS Group reduced their price objective on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Cantor Fitzgerald reduced their price objective on Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.88.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares of the company's stock, valued at approximately $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company's stock.

Applied Materials 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.