Applied Materials, Inc. $AMAT Shares Acquired by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its investment in Applied Materials, acquiring an additional 1,691,428 shares, resulting in a total ownership of approximately 5.57 million shares, valued at $808.85 million.
• Applied Materials reported earnings of $2.48 per share for the last quarter, exceeding analysts' expectations, with revenues reaching $7.30 billion, reflecting a 7.7% year-over-year increase.
• The company declared a quarterly dividend of $0.46 per share, with an annualized yield of 1.2%, and a payout ratio of 21.93%.

Price T Rowe Associates Inc. MD raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 43.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,573,673 shares of the manufacturing equipment provider's stock after buying an additional 1,691,428 shares during the period. Price T Rowe Associates Inc. MD owned about 0.69% of Applied Materials worth $808,853,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Old Port Advisors grew its position in shares of Applied Materials by 2.5% in the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after purchasing an additional 66 shares during the last quarter. Silver Oak Securities Incorporated lifted its position in shares of Applied Materials by 4.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider's stock worth $218,000 after purchasing an additional 68 shares during the last quarter. Cromwell Holdings LLC boosted its stake in Applied Materials by 2.8% during the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock valued at $369,000 after purchasing an additional 69 shares during the period. TCTC Holdings LLC grew its holdings in Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after buying an additional 70 shares during the last quarter. Finally, Hardy Reed LLC increased its position in Applied Materials by 1.0% in the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock worth $1,063,000 after buying an additional 71 shares during the period. Institutional investors own 80.56% of the company's stock.

Applied Materials Stock Performance

NASDAQ AMAT opened at $159.84 on Friday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.29. The stock has a market cap of $128.27 billion, a P/E ratio of 19.05, a PEG ratio of 2.29 and a beta of 1.70. The company's 50-day simple moving average is $183.29 and its 200 day simple moving average is $166.23.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.46 dividend. 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 is 21.93%.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AMAT. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research report on Monday, July 7th. Stifel Nicolaus reduced their price target on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday, August 15th. Wells Fargo & Company decreased their price target 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. UBS Group cut their price objective on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $200.00 target price (down previously from $225.00) on shares of Applied Materials in a research note on Friday, May 16th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $193.88.

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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