Applied Materials, Inc. $AMAT Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC reduced its holdings in Applied Materials by 17.0%, owning 16,133 shares worth $2,954,000 after selling 3,293 shares in Q2.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with a record date of November 20 and an annual yield of 1.0%.
• Applied Materials achieved earnings of $2.48 per share in its last quarterly report, exceeding expectations, with a revenue of $7.30 billion, marking a 7.7% increase year-over-year.

Annex Advisory Services LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,133 shares of the manufacturing equipment provider's stock after selling 3,293 shares during the quarter. Annex Advisory Services LLC's holdings in Applied Materials were worth $2,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock valued at $1,140,836,000 after buying an additional 1,502,995 shares in the last quarter. Amundi raised its stake in Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares in the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials in the 1st quarter worth about $1,085,600,000. Deutsche Bank AG grew its holdings in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock worth $1,043,326,000 after purchasing an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMAT. Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. DZ Bank lowered shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective on the stock. in a report on Friday, August 15th. Wells Fargo & Company cut their target price 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. Stifel Nicolaus cut their target price on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Wolfe Research cut their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $192.92.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the business'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 owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company's stock.

Applied Materials Trading Up 0.2%

AMAT stock traded up $0.34 during midday trading on Friday, hitting $190.10. The company had a trading volume of 18,902,154 shares, compared to its average volume of 7,406,143. The stock has a market cap of $151.44 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.71 and a beta of 1.77. The stock's 50 day moving average price is $176.30 and its 200 day moving average price is $165.67. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

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

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

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.