Applied Materials, Inc. $AMAT Shares Sold by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC reduced its stake in Applied Materials by 87.9%, selling 17,691 shares and holding only 2,436 shares worth approximately $446,000.
• Applied Materials reported a quarterly revenue of $7.30 billion, surpassing expectations, and earnings per share of $2.48, which was also above analyst estimates.
• The company recently announced a quarterly dividend of $0.46 per share, with a payout ratio of 21.93%.

Boston Common Asset Management LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 87.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,436 shares of the manufacturing equipment provider's stock after selling 17,691 shares during the period. Boston Common Asset Management LLC's holdings in Applied Materials were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMAT. Brighton Jones LLC lifted its position in Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Applied Materials by 1.4% in the first quarter. Gateway Investment Advisers LLC now owns 61,013 shares of the manufacturing equipment provider's stock valued at $8,854,000 after purchasing an additional 829 shares during the period. Sivia Capital Partners LLC increased its position in Applied Materials by 17.8% during the first quarter. Sivia Capital Partners LLC now owns 2,546 shares of the manufacturing equipment provider's stock worth $370,000 after purchasing an additional 384 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Applied Materials by 2.1% during the first quarter. Orrstown Financial Services Inc. now owns 6,675 shares of the manufacturing equipment provider's stock worth $969,000 after purchasing an additional 140 shares during the period. Finally, Perennial Advisors LLC boosted its holdings in Applied Materials by 45.9% in the 1st quarter. Perennial Advisors LLC now owns 21,886 shares of the manufacturing equipment provider's stock valued at $3,176,000 after purchasing an additional 6,888 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $217.53 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $173.29 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.85 and a beta of 1.82. The stock has a 50 day moving average of $179.50 and a two-hundred day moving average of $169.52. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.41.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter in the prior year, the business earned $2.12 EPS. Applied Materials's quarterly revenue 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. On average, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Applied Materials from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, September 23rd. DZ Bank cut shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a research report on Friday, August 15th. Citigroup lowered their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 15th. The Goldman Sachs Group began coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 target price for the company. Finally, Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and decreased their price target for the stock from $225.00 to $200.00 in a research note on Monday, July 7th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $195.12.

About Applied Materials

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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