Applied Materials, Inc. $AMAT Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 48.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,363 shares of the manufacturing equipment provider's stock after selling 118,418 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Applied Materials were worth $18,483,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMAT. Nuveen LLC purchased a new stake in shares of Applied Materials during the 1st quarter worth $1,085,600,000. Pacer Advisors Inc. lifted its stake in shares of Applied Materials by 2,401.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock worth $445,056,000 after purchasing an additional 2,944,193 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Applied Materials by 18,402.1% during the 1st quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider's stock worth $2,647,430,000 after purchasing an additional 1,814,444 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Applied Materials by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider's stock worth $1,663,780,000 after purchasing an additional 1,602,645 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Applied Materials by 301.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,959,997 shares of the manufacturing equipment provider's stock worth $318,754,000 after purchasing an additional 1,471,953 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of AMAT stock traded up $2.65 during mid-day trading on Friday, reaching $162.49. The stock had a trading volume of 7,444,140 shares, compared to its average volume of 8,266,384. The business's fifty day moving average is $183.13 and its 200-day moving average is $166.12. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The firm has a market cap of $130.40 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.28 and a beta of 1.70. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 41.31% 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 in the prior year, the company earned $2.12 earnings per share. 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 Announces Dividend

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

Insider Activity at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. This trade represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their price target on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Mizuho decreased their price target on Applied Materials from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. Finally, TD Cowen decreased their price target on Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and an average price target of $193.88.

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.