APG Asset Management N.V. Boosts Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• APG Asset Management N.V. increased its stake in Applied Materials, Inc. by 8.5%, owning 894,796 shares worth approximately $120.2 million at the end of the last quarter.
• Applied Materials reported earnings of $2.48 per share, exceeding expectations and showing a 7.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.46 per share with an expected yield of 1.1%, to be paid on September 11th.

APG Asset Management N.V. boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 894,796 shares of the manufacturing equipment provider's stock after acquiring an additional 70,389 shares during the period. APG Asset Management N.V. owned 0.11% of Applied Materials worth $120,212,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Runnymede Capital Advisors Inc. lifted its position in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials during the first quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in Applied Materials during the fourth quarter valued at $44,000. Finally, Disciplina Capital Management LLC lifted its position in Applied Materials by 91.5% during the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the 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 transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company's stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $162.49 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70. The company has a 50 day simple moving average of $183.13 and a two-hundred day simple moving average of $166.12. The stock has a market cap of $130.40 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.28 and a beta of 1.70.

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 (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 41.31%. The business's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued 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%.

Analysts Set New Price Targets

AMAT has been the subject of several research reports. B. Riley lowered their price objective on shares of Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. lifted their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Wells Fargo & Company cut their target price on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Daiwa Capital Markets reissued a "neutral" rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday. Finally, Mizuho cut their target price on shares of Applied Materials from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $193.88.

Applied Materials Company 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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