Applied Materials, Inc. $AMAT Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

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

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 30.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,213 shares of the manufacturing equipment provider's stock after selling 133,173 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Applied Materials were worth $44,728,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMAT. Nuveen LLC bought a new stake in shares of Applied Materials during the 1st quarter worth $1,085,600,000. Pacer Advisors Inc. lifted its holdings 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 acquiring an additional 2,944,193 shares during the last quarter. GAMMA Investing LLC lifted its stake in Applied Materials by 18,402.1% in the first 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 Applied Materials by 18.6% in the fourth 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 Applied Materials by 301.6% in the fourth 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 owned by institutional investors.

Insider Transactions at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a research note on Friday, August 15th. Wells Fargo & Company dropped their target price on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. JPMorgan Chase & Co. increased their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, B. Riley reduced their price objective on shares of 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 analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.88.

Applied Materials Price Performance

Shares of NASDAQ:AMAT traded up $2.5970 on Friday, reaching $162.4370. The company's stock had a trading volume of 5,101,426 shares, compared to its average volume of 7,429,117. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The company has a market cap of $130.36 billion, a P/E ratio of 19.36, a PEG ratio of 2.29 and a beta of 1.70. The company has a 50-day simple moving average of $183.29 and a 200 day simple moving average of $166.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.76 and a current ratio of 2.46.

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 company 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 41.31%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

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.