Applied Materials, Inc. $AMAT Shares Acquired by Allstate Corp

Key Points

• Allstate Corp increased its stake in Applied Materials by 10.8%, acquiring an additional 2,621 shares during the first quarter, which valued their total holdings at approximately $3.9 million.
• Applied Materials reported an earnings per share of $2.48 for the latest quarter, beating analyst expectations and representing a 7.7% year-over-year revenue growth to $7.3 billion.
• The company's quarterly dividend was set at $0.46 per share, yielding an annualized rate of 1.2%, with a dividend payout ratio of 21.93%.

Allstate Corp grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 10.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,915 shares of the manufacturing equipment provider's stock after acquiring an additional 2,621 shares during the quarter. Allstate Corp's holdings in Applied Materials were worth $3,906,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials during the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 worth $31,000 after purchasing an additional 174 shares during the period. Disciplina Capital Management LLC lifted its holdings in shares of Applied Materials by 91.5% during the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials during the fourth quarter worth $44,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Trading Down 0.7%

NASDAQ:AMAT opened at $159.84 on Friday. The stock has a fifty day moving average price of $183.29 and a two-hundred day moving average price of $166.23. The stock has a market capitalization of $128.27 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.76 and a current ratio of 2.46. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70.

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 return on equity of 41.31% and a net margin of 23.88%.The business had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter last year, the business posted $2.12 earnings per share. The business'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. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMAT. TD Cowen decreased their price target on Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a report on Friday, August 15th. Stifel Nicolaus decreased their price target on Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday, August 15th. Morgan Stanley increased their price target on Applied Materials from $169.00 to $172.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Evercore ISI reaffirmed an "outperform" rating and set a $209.00 price target on shares of Applied Materials in a report on Friday, August 15th. Finally, Mizuho decreased their price target on Applied Materials from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.88.

Insider Buying and Selling

In related news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction dated Tuesday, June 24th. The stock was 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 in the company, valued at approximately $946,580. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.

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