Alecta Tjanstepension Omsesidigt Raises Position 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 holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,649,000 shares of the manufacturing equipment provider's stock after purchasing an additional 321,000 shares during the quarter. Applied Materials accounts for 1.4% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 23rd biggest position. Alecta Tjanstepension Omsesidigt owned 0.21% of Applied Materials worth $301,816,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMAT. Ameriprise Financial Inc. grew its holdings in Applied Materials by 23.6% in 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 acquiring an additional 1,502,995 shares during the last quarter. Amundi grew its holdings in Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in Applied Materials in the 1st quarter worth $1,085,600,000. Deutsche Bank AG grew its holdings in Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock worth $1,043,326,000 after acquiring an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Applied Materials by 43.6% in 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 acquiring an additional 1,691,428 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $178.13 on Thursday. The firm has a market capitalization of $141.91 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.47 and a beta of 1.77. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70. The firm has a 50 day moving average of $176.62 and a 200 day moving average of $164.99. 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 posted its quarterly 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The company's revenue 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, research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. Applied Materials's dividend payout ratio is currently 21.93%.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMAT shares. Summit Insights lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Wolfe Research cut their price target on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. UBS Group cut their target price on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Finally, Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.92.

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.

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