Delta Investment Management LLC Has $614,000 Position in Applied Materials, Inc. $AMAT

Key Points

• Delta Investment Management LLC reduced its stake in Applied Materials, Inc. by 29.4%, selling 1,759 shares during the 1st quarter and now holding 4,233 shares valued at $614,000.
• Wall Street analysts have issued mixed ratings on Applied Materials, with a consensus rating of "Moderate Buy" and a target price of $193.88 amid changes in target prices from various firms.
• The company declared a quarterly dividend of $0.46 per share, representing an annualized yield of 1.1%, with the payout ratio currently at 21.93%.

Delta Investment Management LLC lessened its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,233 shares of the manufacturing equipment provider's stock after selling 1,759 shares during the period. Delta Investment Management LLC's holdings in Applied Materials were worth $614,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. increased its stake in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials in the first quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Disciplina Capital Management LLC increased its stake in Applied Materials by 91.5% in the first 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. Finally, Mascagni Wealth Management Inc. bought a new stake in Applied Materials in the fourth quarter valued at approximately $44,000. Institutional investors own 80.56% of the company's stock.

Insiders Place Their Bets

In related news, CAO Adam Sanders sold 562 shares of the business's 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 transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

AMAT has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Barclays upped their price target on shares of Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Cantor Fitzgerald reduced their price target on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Wall Street Zen cut shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target for the company. in a report on Monday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $193.88.

Applied Materials Stock Up 0.5%

AMAT stock traded up $0.88 during mid-day trading on Thursday, reaching $165.27. The company had a trading volume of 7,895,438 shares, compared to its average volume of 8,411,038. 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 stock has a 50 day simple moving average of $182.32 and a two-hundred day simple moving average of $165.63. The company has a market capitalization of $131.66 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.34 and a beta of 1.70. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for 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 40.96%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 21st. Applied Materials's payout ratio is presently 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.