Breed s Hill Capital LLC Buys New Stake in Applied Materials, Inc. $AMAT

Key Points

• Breed's Hill Capital LLC has acquired a new stake in Applied Materials, purchasing 1,878 shares valued at approximately $273,000 during the first quarter.
• Applied Materials reported earnings of $2.48 per share for the last quarter, surpassing estimates, with a revenue of $7.30 billion, a 7.7% year-over-year increase.
• The company announced a quarterly dividend of $0.46 per share, with a 1.1% dividend yield, expected to be paid on September 11th to shareholders of record by August 21st.

Breed s Hill Capital LLC bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,878 shares of the manufacturing equipment provider's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Skye Global Management LP acquired a new position in shares of Applied Materials during the 4th quarter valued at $45,862,000. Value Partners Investments Inc. lifted its holdings in shares of Applied Materials by 8.7% during the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock valued at $1,608,000 after acquiring an additional 793 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Applied Materials during the 1st quarter valued at $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Applied Materials by 12.7% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Humankind Investments LLC lifted its holdings in shares of Applied Materials by 28.2% during the 4th quarter. Humankind Investments LLC now owns 1,503 shares of the manufacturing equipment provider's stock valued at $244,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Price Performance

AMAT opened at $162.22 on Wednesday. The company has a 50-day moving average of $183.83 and a 200-day moving average of $166.39. The company has a market capitalization of $130.18 billion, a P/E ratio of 19.33, a PEG ratio of 2.33 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. 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 released its 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 the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 41.31%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. Applied Materials's payout ratio is presently 21.93%.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. TD Cowen dropped 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 note on Friday, August 15th. Rothschild & Co Redburn downgraded shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a research note on Monday, July 7th. Wall Street Zen downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Stifel Nicolaus dropped their price target on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and an average price target of $194.84.

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.

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