Applied Materials, Inc. $AMAT Shares Sold by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. reduced its stake in Applied Materials by 2.3%, selling 6,747 shares in the second quarter, and now holds approximately 287,323 shares worth about $52.6 million.
• Applied Materials reported a quarterly EPS of $2.48, exceeding expectations, with revenue of $7.30 billion, which is a 7.7% increase year-over-year.
• The company declared a quarterly dividend of $0.46, with an upcoming payment date of December 11th, resulting in an annualized yield of 0.8%.

ASR Vermogensbeheer N.V. lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,323 shares of the manufacturing equipment provider's stock after selling 6,747 shares during the quarter. Applied Materials accounts for about 0.7% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 26th biggest holding. ASR Vermogensbeheer N.V.'s holdings in Applied Materials were worth $52,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Northstar Group Inc. purchased a new position in Applied Materials during the second quarter worth about $248,000. Philip James Wealth Mangement LLC purchased a new position in Applied Materials during the second quarter worth about $201,000. McGuire Investment Group LLC boosted its stake in Applied Materials by 1.8% during the second quarter. McGuire Investment Group LLC now owns 125,176 shares of the manufacturing equipment provider's stock worth $22,916,000 after buying an additional 2,247 shares during the period. Gold Investment Management Ltd. boosted its stake in Applied Materials by 11.0% during the second quarter. Gold Investment Management Ltd. now owns 30,887 shares of the manufacturing equipment provider's stock worth $5,666,000 after buying an additional 3,066 shares during the period. Finally, Naples Global Advisors LLC boosted its stake in Applied Materials by 0.3% during the second quarter. Naples Global Advisors LLC now owns 36,858 shares of the manufacturing equipment provider's stock worth $6,748,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $217.74 on Thursday. The firm has a market capitalization of $173.46 billion, a P/E ratio of 25.95, a PEG ratio of 2.68 and a beta of 1.82. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $218.44. The company's fifty day moving average is $178.15 and its two-hundred day moving average is $168.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the firm earned $2.12 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials's payout ratio is currently 21.93%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Barclays raised their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. KeyCorp raised their price objective on shares of Applied Materials from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Tuesday, September 23rd. Summit Insights lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $194.15.

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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