Applied Materials, Inc. $AMAT Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office increased its Applied Materials stake by 8.4% in the second quarter, bringing its holdings to 30,770 shares valued at approximately $22.25 million. Institutional investors collectively own 80.56% of the company.
• Analysts maintain a generally positive outlook, with 27 Buy, one Strong Buy and five Hold ratings. Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $659.83.
• Applied Materials exceeded quarterly expectations, reporting $3.50 in adjusted EPS and $9.12 billion in revenue, up 24.8% year over year. The company also declared a quarterly dividend of $0.53 per share, while several insiders recently sold shares.

Callan Family Office LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,770 shares of the manufacturing equipment provider's stock after buying an additional 2,377 shares during the period. Applied Materials comprises approximately 0.4% of Callan Family Office LLC's investment portfolio, making the stock its 29th biggest position. Callan Family Office LLC's holdings in Applied Materials were worth $22,247,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Applied Materials by 1.6% in the second quarter. BlackRock Inc. now owns 80,212,518 shares of the manufacturing equipment provider's stock worth $57,993,650,000 after buying an additional 1,237,685 shares during the period. Capital Research Global Investors raised its holdings in shares of Applied Materials by 119.8% during the fourth quarter. Capital Research Global Investors now owns 32,707,049 shares of the manufacturing equipment provider's stock valued at $8,405,458,000 after acquiring an additional 17,829,377 shares during the period. Morgan Stanley raised its holdings in shares of Applied Materials by 3.4% during the fourth quarter. Morgan Stanley now owns 11,470,835 shares of the manufacturing equipment provider's stock valued at $2,947,891,000 after acquiring an additional 373,012 shares during the period. Norges Bank purchased a new stake in shares of Applied Materials in the 4th quarter valued at approximately $2,858,543,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Applied Materials by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,688,232 shares of the manufacturing equipment provider's stock valued at $2,746,769,000 after acquiring an additional 1,558,749 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Ratings Changes

AMAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $515.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Raymond James Financial set a $650.00 target price on Applied Materials in a research report on Wednesday, June 10th. Seaport Research Partners reiterated a "buy" rating and set a $575.00 price target on shares of Applied Materials in a report on Friday, August 14th. Bank of America dropped their price target on Applied Materials from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Applied Materials in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $659.83.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $484.19 on Tuesday. The stock has a market capitalization of $384.25 billion, a P/E ratio of 41.74, a P/E/G ratio of 1.06 and a beta of 1.61. The business has a 50-day moving average of $560.64 and a two-hundred day moving average of $453.08. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's dividend payout ratio (DPR) is presently 18.28%.

Insider Activity at Applied Materials

In other Applied Materials news, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total transaction of $14,704,400.00. Following the sale, the chief executive officer owned 1,599,843 shares in the company, valued at $1,176,236,570.46. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of Applied Materials stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the sale, the senior vice president owned 146,916 shares in the company, valued at approximately $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 276,692 shares of company stock worth $169,030,834 in the last three months. Company insiders own 0.30% of the company's stock.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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