Alecta Tjanstepension Omsesidigt Has $301.82 Million Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• Alecta Tjanstepension Omsesidigt raised its position in Applied Materials, Inc. by 24.2% during the second quarter, owning approximately $301.8 million worth of shares.
• Applied Materials reported earnings of $2.48 per share for the latest quarter, exceeding analysts' expectations by $0.12 and showing a year-over-year revenue increase of 7.7%.
• The company recently announced a quarterly dividend of $0.46 per share, with a yield of 1.0%, highlighting a stable payout strategy.

Alecta Tjanstepension Omsesidigt increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,649,000 shares of the manufacturing equipment provider's stock after buying an additional 321,000 shares during the quarter. Applied Materials comprises approximately 1.4% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 23rd biggest holding. Alecta Tjanstepension Omsesidigt owned 0.21% of Applied Materials worth $301,816,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in Applied Materials in the first quarter valued at $1,085,600,000. Pacer Advisors Inc. boosted its stake in shares of Applied Materials by 2,401.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock worth $445,056,000 after acquiring an additional 2,944,193 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Applied Materials by 18,402.1% during the 1st quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider's stock worth $2,647,430,000 after acquiring an additional 1,814,444 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Applied Materials by 43.6% during the 1st 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 purchasing an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Applied Materials by 23.6% during the 1st 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 last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Applied Materials from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $172.00 to $209.00 in a report on Monday. The Goldman Sachs Group initiated coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 target price for the company. Daiwa America cut shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. DZ Bank cut shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a research report on Friday, August 15th. Finally, Cantor Fitzgerald decreased their price objective on shares of 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, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $194.35.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. This represents a 9.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Applied Materials Trading Up 4.2%

Shares of AMAT traded up $7.98 during mid-day trading on Monday, reaching $198.08. The company had a trading volume of 4,919,344 shares, compared to its average volume of 7,465,799. The stock has a market cap of $157.79 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77. The firm has a fifty day simple moving average of $176.30 and a 200-day simple moving average of $165.67. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. 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 (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $2.12 EPS. Applied Materials's revenue for the quarter was up 7.7% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials's payout ratio is presently 21.93%.

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.