Applied Materials, Inc. $AMAT Shares Sold by Grimes & Company Inc.

Key Points

• Grimes & Company Inc. reduced its stake in Applied Materials by 3.7%, selling 2,812 shares, which leaves them with 73,002 shares valued at approximately $13.36 million.
• Several hedge funds, including Ameriprise Financial and Deutsche Bank, have increased their stakes in Applied Materials, reflecting a significant interest from institutional investors, who collectively own 80.56% of the stock.
• Applied Materials recently reported earnings of $2.48 per share, exceeding expectations, and declared a quarterly dividend of $0.46 per share, with a dividend yield of 0.8%.

Grimes & Company Inc. reduced its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,002 shares of the manufacturing equipment provider's stock after selling 2,812 shares during the quarter. Grimes & Company Inc.'s holdings in Applied Materials were worth $13,364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 1,502,995 shares during the last quarter. Amundi raised its stake in Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the last quarter. Nuveen LLC acquired a new position in Applied Materials in the 1st quarter valued at $1,085,600,000. Deutsche Bank AG raised its stake in 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 valued at $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 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 valued at $808,853,000 after buying an additional 1,691,428 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMAT shares. Weiss Ratings restated a "hold (c)" rating on shares of Applied Materials in a report on Saturday, September 27th. Wolfe Research dropped their target price on Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Cfra Research upgraded Applied Materials to a "hold" rating in a report on Friday, August 15th. Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from $225.00 to $200.00 in a report on Monday, July 7th. Finally, Citigroup lowered their price target on Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. 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. Based on data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.12.

Applied Materials Trading Down 2.7%

NASDAQ:AMAT opened at $217.53 on Monday. The company has a market capitalization of $173.29 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. 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, Inc. has a 52-week low of $123.74 and a 52-week high of $226.41. The stock has a fifty day simple moving average of $179.50 and a 200-day simple moving average of $169.52.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion during 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 business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is 21.93%.

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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