Applied Materials, Inc. $AMAT Shares Sold by Blue Capital Inc.

Blue Capital Inc. cut its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 90.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 946 shares of the manufacturing equipment provider's stock after selling 9,212 shares during the quarter. Blue Capital Inc.'s holdings in Applied Materials were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its holdings in Applied Materials by 4.3% in the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock valued at $296,000 after purchasing an additional 17 shares during the last quarter. Innovative Asset Advisors Group LLC increased its holdings in Applied Materials by 2.1% during the 2nd quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider's stock worth $695,000 after purchasing an additional 20 shares during the last quarter. Stonebridge Financial Group LLC increased its holdings in Applied Materials by 2.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock worth $725,000 after purchasing an additional 21 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Applied Materials by 5.9% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider's stock valued at $273,000 after purchasing an additional 21 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its position in shares of Applied Materials by 13.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider's stock valued at $132,000 after purchasing an additional 21 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president owned 134,631 shares of the company's stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary E. Dickerson sold 20,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $735.22, for a total value of $14,704,400.00. Following the completion of the transaction, the chief executive officer owned 1,599,843 shares of the company's stock, valued at approximately $1,176,236,570.46. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 276,692 shares of company stock valued at $169,030,834 over the last quarter. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMAT. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $605.00 price target on shares of Applied Materials in a research report on Friday, August 14th. Royal Bank Of Canada upped their price target on shares of Applied Materials from $520.00 to $600.00 and gave the company an "outperform" rating in a report on Friday, August 14th. HSBC reiterated a "buy" rating and set a $683.00 price objective on shares of Applied Materials in a research note on Monday, July 27th. HC Wainwright set a $850.00 price objective on shares of Applied Materials in a report on Monday, June 29th. Finally, Sanford C. Bernstein boosted their target price on shares of Applied Materials from $675.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and an average target price of $659.83.

Applied Materials Stock Performance

AMAT stock opened at $484.19 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The firm has a market cap of $384.25 billion, a P/E ratio of 41.74, a P/E/G ratio of 1.06 and a beta of 1.61. Applied Materials, Inc. has a 12-month low of $154.46 and a 12-month high of $739.67. The stock's 50 day simple moving average is $560.64 and its 200 day simple moving average is $453.08.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analysts' expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The firm's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 12.73 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's dividend payout ratio is currently 18.28%.

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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