Applied Materials, Inc. $AMAT Shares Sold by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management has reduced its holdings in Applied Materials by 32.7%, now owning 35,000 shares valued at $6.4 million after selling 17,000 shares.
• Applied Materials recently reported earnings of $2.48 EPS, exceeding estimates and showing a 7.7% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.46 per share, set to be paid on December 11th, with an annualized yield of 0.8%.

PKO Investment Management Joint Stock Co reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 32.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the manufacturing equipment provider's stock after selling 17,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Applied Materials were worth $6,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Applied Materials in the first quarter worth $29,000. Maseco LLP acquired a new position in shares of Applied Materials during the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 174 shares during the last quarter. Activest Wealth Management lifted its position in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 213 shares during the period. Finally, Disciplina Capital Management LLC lifted its position in shares of Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock worth $39,000 after buying an additional 130 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Trading Up 0.1%

Shares of AMAT stock opened at $228.75 on Friday. The company has a market cap of $182.23 billion, a PE ratio of 27.26, a P/E/G ratio of 2.86 and a beta of 1.82. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $232.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock's fifty day moving average price is $191.18 and its two-hundred day moving average price is $177.29.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted 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 firm 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts predict 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, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMAT shares. Cfra Research raised Applied Materials to a "hold" rating in a research note on Friday, August 15th. Stifel Nicolaus upped their price objective on Applied Materials from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Barclays upped their target price on Applied Materials from $170.00 to $250.00 and gave the company an "equal weight" rating in a research report on Monday. Wolfe Research decreased their target price on Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Finally, Daiwa America downgraded Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and an average target price of $209.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.