Czech National Bank Buys 11,823 Shares of Applied Materials, Inc. $AMAT

Key Points

• The Czech National Bank increased its stake in Applied Materials, Inc. by 6.3% during Q2, acquiring an additional 11,823 shares, bringing its total holdings to 198,589 shares valued at approximately $36.36 million.
• Institutional investors collectively own 80.56% of Applied Materials' stock, with notable increases in shares held by firms like Ameriprise and Price T Rowe Associates during the first quarter.
• Wall Street analysts have downgraded Applied Materials' ratings, with 16 analysts

Czech National Bank grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,589 shares of the manufacturing equipment provider's stock after buying an additional 11,823 shares during the period. Czech National Bank's holdings in Applied Materials were worth $36,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock worth $1,140,836,000 after buying an additional 1,502,995 shares during the last quarter. Amundi boosted its holdings in Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock worth $1,038,504,000 after buying an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new position in Applied Materials during the first quarter worth about $1,085,600,000. Deutsche Bank AG boosted its holdings in Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after buying an additional 1,691,428 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and cut their price objective for the company from $225.00 to $200.00 in a report on Monday, July 7th. Summit Insights cut Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective on the stock. in a report on Friday, August 15th. Wall Street Zen cut Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Citigroup cut their price objective on Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and a consensus price target of $192.92.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Up 1.9%

Shares of Applied Materials stock opened at $170.93 on Tuesday. The business's 50 day simple moving average is $177.39 and its 200 day simple moving average is $164.84. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The firm has a market cap of $136.17 billion, a PE ratio of 20.37, a P/E/G ratio of 2.39 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the firm earned $2.12 EPS. 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, 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. Shareholders 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 dividend yield of 1.1%. Applied Materials's payout ratio is 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.

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