Applied Materials, Inc. $AMAT Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Applied Materials, Inc. by 2.0%, selling 7,433 shares and now holding 363,908 shares worth approximately $66.6 million.
• Applied Materials recently reported earnings of $2.48 EPS, exceeding analyst estimates and reflecting a 7.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.46 per share, reflecting an annualized dividend yield of 0.9%, with the ex-dividend date set for November 20th.

Public Employees Retirement System of Ohio cut its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 363,908 shares of the manufacturing equipment provider's stock after selling 7,433 shares during the period. Public Employees Retirement System of Ohio's holdings in Applied Materials were worth $66,621,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Runnymede Capital Advisors Inc. boosted its position in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the first quarter worth approximately $29,000. Maseco LLP acquired a new stake in shares of Applied Materials in the second quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Activest Wealth Management boosted its position in shares of Applied Materials by 5,325.0% in the first 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 last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT opened at $200.87 on Wednesday. The firm has a 50-day moving average price of $176.40 and a 200 day moving average price of $166.23. The firm has a market capitalization of $160.02 billion, a PE ratio of 23.94, a P/E/G ratio of 2.86 and a beta of 1.77. 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 $215.70.

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

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio is presently 21.93%.

Analyst Ratings Changes

AMAT has been the topic of a number of recent research reports. TD Cowen reduced their price target on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Summit Insights cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a research report on Friday, August 15th. Stifel Nicolaus reduced their target price on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and a consensus price target of $194.15.

Applied Materials 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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