MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Applied Materials, Inc. $AMAT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stakes in Applied Materials, Inc. by 15.8%, now owning 811,441 shares valued at approximately $117.75 million.
• Applied Materials reported an earnings per share (EPS) of $2.48 for the last quarter, surpassing estimates of $2.36, and saw a year-over-year revenue increase of 7.7% to $7.30 billion.
• The company recently declared a quarterly dividend of $0.46, reflecting an annualized dividend yield of 1.2%, with a low payout ratio of 21.93%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 811,441 shares of the manufacturing equipment provider's stock after acquiring an additional 110,610 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Applied Materials worth $117,751,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Runnymede Capital Advisors Inc. increased its holdings in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials in the 1st quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Activest Wealth Management increased its holdings in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Greenline Partners LLC purchased a new position in shares of Applied Materials in the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Insider Activity at Applied Materials

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

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Daiwa Capital Markets reiterated a "neutral" rating and issued a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. B. Riley decreased their target price on Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group assumed coverage on Applied Materials in a research note on Thursday, July 10th. They set a "buy" rating and a $225.00 price target on the stock. Finally, Barclays raised their price target on Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $193.88.

Applied Materials Stock Performance

Applied Materials stock traded down $0.65 during mid-day trading on Monday, reaching $162.10. 7,929,775 shares of the company were exchanged, compared to its average volume of 7,400,725. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The firm's 50-day simple moving average is $180.02 and its two-hundred day simple moving average is $164.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $129.14 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 40.96% and a net margin of 23.88%.The company had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the firm earned $2.12 EPS. The firm'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. Equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

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.