Caitlin John LLC Sells 5,378 Shares of Applied Materials, Inc. $AMAT

Key Points

• Caitlin John LLC reduced its position in Applied Materials, Inc. by 70.5%, now holding 2,255 shares worth $413,000 after selling 5,378 shares in Q2.
• Several institutional investors increased their stakes in Applied Materials during the same period, with GAMMA Investing LLC raising its position by 27.5%.
• Applied Materials announced a quarterly dividend of $0.46, equating to an annualized yield of 1.0%, with an ex-dividend date set for November 20th.

Caitlin John LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 70.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,255 shares of the manufacturing equipment provider's stock after selling 5,378 shares during the period. Caitlin John LLC's holdings in Applied Materials were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMAT. Runnymede Capital Advisors Inc. boosted its stake in Applied Materials by 972.2% during 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 last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the 1st quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 174 shares during the period. Activest Wealth Management increased its stake in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares during the period. Finally, Disciplina Capital Management LLC boosted its position in shares of Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on AMAT. Stifel Nicolaus decreased their target price on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday, August 15th. Cantor Fitzgerald dropped their price target on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Redburn Atlantic lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Finally, Daiwa Capital Markets restated a "neutral" rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $194.35.

Insider Buying and Selling

In other 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 completion of the sale, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Applied Materials Stock Up 5.5%

Shares of AMAT traded up $10.42 during mid-day trading on Monday, hitting $200.52. 15,468,266 shares of the company's stock were exchanged, compared to its average volume of 7,406,143. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The company has a 50-day simple moving average of $176.36 and a 200 day simple moving average of $165.99. The company has a market cap of $159.74 billion, a PE ratio of 23.90, a P/E/G ratio of 2.71 and a beta of 1.77.

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, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the business earned $2.12 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials's dividend payout ratio 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.