Analog Century Management LP Sells 38,422 Shares of Applied Materials, Inc. $AMAT

Key Points

• Analog Century Management LP sold 38,422 shares of Applied Materials, reducing its stake by 10.5%, leaving it with 326,381 shares valued at approximately $47.36 million.
• Several hedge funds, including Eagle Capital Management LLC and Brighton Jones LLC, increased their holdings in Applied Materials, indicating continued institutional interest in the company.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with a yield of 1.1%, reflecting the company's stable financial position and commitment to returning value to shareholders.

Analog Century Management LP cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,381 shares of the manufacturing equipment provider's stock after selling 38,422 shares during the quarter. Applied Materials accounts for about 3.8% of Analog Century Management LP's holdings, making the stock its 14th biggest holding. Analog Century Management LP's holdings in Applied Materials were worth $47,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Eagle Capital Management LLC lifted its holdings in shares of Applied Materials by 1.8% in the 4th quarter. Eagle Capital Management LLC now owns 16,004 shares of the manufacturing equipment provider's stock worth $2,603,000 after acquiring an additional 290 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Applied Materials by 28.0% in the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after acquiring an additional 2,771 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in shares of Applied Materials by 8.7% in the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock worth $1,608,000 after acquiring an additional 793 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of Applied Materials by 43.4% in the 4th quarter. Boothbay Fund Management LLC now owns 3,407 shares of the manufacturing equipment provider's stock worth $554,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Applied Materials by 7.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,356 shares of the manufacturing equipment provider's stock worth $1,034,000 after acquiring an additional 443 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMAT shares. Redburn Atlantic lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Wells Fargo & Company lowered their price objective on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Cfra Research raised shares of Applied Materials to a "hold" rating in a research note on Friday, August 15th. Raymond James Financial reaffirmed an "outperform" rating and issued a $200.00 target price (down from $225.00) on shares of Applied Materials in a research note on Friday, May 16th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $180.00 target price (down from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.88.

Applied Materials Stock Up 0.5%

Shares of Applied Materials stock opened at $165.27 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company's fifty day simple moving average is $182.32 and its two-hundred day simple moving average is $165.63. The company has a market cap of $131.66 billion, a P/E ratio of 19.70, a PEG ratio of 2.34 and a beta of 1.70. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company's quarterly 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 anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.46 dividend. 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 1.1%. Applied Materials's dividend payout ratio is currently 21.93%.

Insider Buying and Selling at Applied Materials

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

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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