Applied Materials, Inc. $AMAT Shares Acquired by CX Institutional

Key Points

• CX Institutional significantly increased its stake in Applied Materials, Inc. by 553.9% in the second quarter, now owning 38,308 shares valued at $7 million.
• Applied Materials reported a quarterly earnings per share of $2.48, exceeding analysts' expectations, and achieved a 7.7% year-over-year revenue growth at $7.30 billion.
• The company declared a quarterly dividend of $0.46 per share, with a payout ratio of 21.93%, scheduled for payment on December 11th.

CX Institutional boosted its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 553.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,308 shares of the manufacturing equipment provider's stock after purchasing an additional 32,450 shares during the period. CX Institutional's holdings in Applied Materials were worth $7,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AMAT. Avity Investment Management Inc. lifted its stake in shares of Applied Materials by 4.1% during the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock worth $40,428,000 after buying an additional 8,680 shares during the period. Value Partners Investments Inc. raised its position in shares of Applied Materials by 8.7% in the fourth quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock worth $1,608,000 after acquiring an additional 793 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Applied Materials during the 1st quarter worth about $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position 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 worth $3,867,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Redwood Investment Management LLC raised its position in shares of Applied Materials by 311.2% during the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after purchasing an additional 9,781 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Insider Activity

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 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 $946,580. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a report on Friday, August 15th. Citigroup lowered their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 15th. The Goldman Sachs Group started coverage on shares of Applied Materials in a report on Thursday, July 10th. They set a "buy" rating and a $225.00 target price on the stock. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a report on Monday, July 7th. Finally, Evercore ISI restated an "outperform" rating and issued a $209.00 price objective on shares of Applied Materials in a report on Friday, August 15th. Sixteen 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.92.

Applied Materials Trading Up 0.2%

AMAT stock traded up $0.34 during midday trading on Friday, hitting $190.10. The stock had a trading volume of 18,902,154 shares, compared to its average volume of 7,406,143. The firm has a market cap of $151.44 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70. The company's 50-day moving average price is $176.30 and its 200 day moving average price is $165.67.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping 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 firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the business posted $2.12 earnings per share. Applied Materials's revenue for the quarter was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 1.0%. Applied Materials's dividend payout ratio is 21.93%.

Applied Materials Company 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.