Credit Agricole S A Sells 13,860 Shares of Applied Materials, Inc. $AMAT

Key Points

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Credit Agricole S A trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,734 shares of the manufacturing equipment provider's stock after selling 13,860 shares during the period. Credit Agricole S A owned approximately 0.05% of Applied Materials worth $59,315,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its position in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the 1st quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of 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 acquiring an additional 174 shares during the period. Disciplina Capital Management LLC raised its position in shares of Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials in the 4th quarter valued at approximately $44,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMAT shares. Wells Fargo & Company cut their price target on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft cut 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. Mizuho lowered their target price 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. Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, B. Riley lowered their target price on Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.88.

Insider Buying and Selling 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 completion of the transaction, the chief accounting officer directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Applied Materials Stock Up 1.7%

Shares of AMAT traded up $2.65 during mid-day trading on Friday, hitting $162.49. 7,444,140 shares of the company's stock were exchanged, compared to its average volume of 8,266,384. The company has a market cap of $130.40 billion, a PE ratio of 19.37, a P/E/G ratio of 2.28 and a beta of 1.70. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The company has a 50-day simple moving average of $183.13 and a 200 day simple moving average of $166.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 41.31%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. 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 fiscal year.

Applied Materials Announces Dividend

The firm also recently declared 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. This represents a $1.84 annualized dividend and a dividend 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%.

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.