Applied Materials, Inc. $AMAT Shares Sold by Carmignac Gestion

Key Points

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Carmignac Gestion lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 42.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,530 shares of the manufacturing equipment provider's stock after selling 9,215 shares during the period. Carmignac Gestion's holdings in Applied Materials were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AMAT. Eagle Capital Management LLC lifted its position in shares of Applied Materials by 1.8% in the 4th quarter. Eagle Capital Management LLC now owns 16,004 shares of the manufacturing equipment provider's stock worth $2,603,000 after purchasing an additional 290 shares during the period. Brighton Jones LLC lifted its position in shares of Applied Materials by 28.0% in the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after purchasing an additional 2,771 shares during the period. Value Partners Investments Inc. lifted its position in shares of Applied Materials by 8.7% in the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock worth $1,608,000 after purchasing an additional 793 shares during the period. Jump Financial LLC lifted its position in shares of Applied Materials by 69.9% in the 4th quarter. Jump Financial LLC now owns 4,829 shares of the manufacturing equipment provider's stock worth $785,000 after purchasing an additional 1,986 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Applied Materials by 381.1% in the 4th quarter. Capital Research Global Investors now owns 581,589 shares of the manufacturing equipment provider's stock worth $94,584,000 after purchasing an additional 460,708 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

AMAT has been the subject of several recent analyst reports. Cfra Research upgraded shares of Applied Materials to a "hold" rating in a research note on Friday, August 15th. Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Daiwa Capital Markets reiterated a "neutral" rating and set a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday. Redburn Atlantic lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, Wolfe Research reduced their price objective on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Seventeen equities 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $193.88.

Applied Materials Stock Performance

AMAT stock traded up $2.65 during midday trading on Friday, hitting $162.49. 7,437,781 shares of the stock traded hands, compared to its average volume of 7,443,554. The firm has a market cap of $130.40 billion, a P/E ratio of 19.37, a PEG ratio of 2.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76. The stock's fifty day simple moving average is $183.29 and its 200-day simple moving average is $166.23. 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 released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for 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 was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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 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 payout ratio is currently 21.93%.

Insider Activity 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 transaction 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 $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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.