Applied Materials, Inc. $AMAT Shares Bought by Norinchukin Bank The

Key Points

• Norinchukin Bank The has increased its holdings in Applied Materials, Inc. by 42.2%, owning a total of 64,389 shares worth approximately $9.34 million.
• Several institutional investors have shown strong buying activity, with Runnymede Capital Advisors boosting its position by 972.2% and Clal Insurance increasing by 435.0%.
• Applied Materials recently reported a quarterly EPS of $2.48, surpassing analysts' estimates, and announced a dividend of $0.46 to be paid in September 2023.

Norinchukin Bank The increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 42.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,389 shares of the manufacturing equipment provider's stock after acquiring an additional 19,117 shares during the period. Norinchukin Bank The's holdings in Applied Materials were worth $9,344,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. boosted its position in 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 buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the first quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Applied Materials by 435.0% in 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 period. Disciplina Capital Management LLC grew its stake in Applied Materials by 91.5% during the 1st 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 in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in Applied Materials during the 4th quarter worth about $44,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the company's 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 sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $160.96 on Thursday. 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 company has a market cap of $129.17 billion, a PE ratio of 19.18, a P/E/G ratio of 2.31 and a beta of 1.70. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The firm has a 50-day simple moving average of $183.59 and a 200 day simple moving average of $166.36.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a report on Monday, July 7th. Evercore ISI reaffirmed an "outperform" rating and set a $209.00 price objective on shares of Applied Materials in a research report on Friday, August 15th. JPMorgan Chase & Co. lifted their price target on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, August 15th. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $170.00 price objective (down from $185.00) on shares of Applied Materials in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Applied Materials in a research note on Friday, May 16th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus 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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