Applied Materials, Inc. $AMAT Shares Sold by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC reduced its holdings in Applied Materials by 2.8%, owning 66,122 shares valued at approximately $9.6 million after selling 1,890 shares.
• Applied Materials reported a net income of $2.48 EPS in its last quarterly earnings, surpassing estimates by $0.12, with revenues of $7.3 billion for the quarter.
• The company has declared a quarterly dividend of $0.46, with an annualized yield of 1.2%, payable on September 11th to shareholders of record from August 21st.

Curi RMB Capital LLC decreased its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,122 shares of the manufacturing equipment provider's stock after selling 1,890 shares during the period. Curi RMB Capital LLC's holdings in Applied Materials were worth $9,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Old Port Advisors increased its holdings in shares of Applied Materials by 2.5% in the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after purchasing an additional 66 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of Applied Materials by 4.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider's stock worth $218,000 after purchasing an additional 68 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Applied Materials by 2.8% during the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock worth $369,000 after acquiring an additional 69 shares during the period. TCTC Holdings LLC lifted its stake in Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after purchasing an additional 70 shares during the last quarter. Finally, Hardy Reed LLC raised its stake in shares of Applied Materials by 1.0% during the first quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock valued at $1,063,000 after acquiring an additional 71 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Down 0.2%

NASDAQ AMAT traded down $0.40 on Monday, hitting $162.35. 3,992,533 shares of the stock were exchanged, compared to its average volume of 7,376,757. The company has a market cap of $129.33 billion, a PE ratio of 19.33, a PEG ratio of 2.32 and a beta of 1.77. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The company has a 50-day moving average price of $180.02 and a 200-day moving average price of $164.78. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMAT. Citigroup reduced their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. Wall Street Zen cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. B. Riley reduced their price target on shares of Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Summit Insights lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $193.88.

Insider Activity at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials 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 completion of the transaction, 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 is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.