2,238 Shares in Applied Materials, Inc. $AMAT Bought by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC purchased 2,238 shares of Applied Materials, Inc. for approximately $410,000, reflecting increasing interest from institutional investors in the company's stock.
• Recent analyst ratings suggest mixed sentiment; with Morgan Stanley raising its target price to $172, while several other firms reduced their ratings or price targets, highlighting a cautious outlook.
• Applied Materials announced a quarterly dividend of $0.46, with a yield of 1.1%, scheduled for payment on December 11th, indicating the company's commitment to returning value to shareholders.

Gallacher Capital Management LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,238 shares of the manufacturing equipment provider's stock, valued at approximately $410,000.

A number of other large investors have also bought and sold shares of the business. Old Port Advisors boosted its position in Applied Materials by 2.5% in the 1st quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after buying an additional 66 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in Applied Materials by 4.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider's stock valued at $218,000 after buying an additional 68 shares during the last quarter. Cromwell Holdings LLC boosted its position in Applied Materials by 2.8% in the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock valued at $369,000 after buying an additional 69 shares during the last quarter. TCTC Holdings LLC boosted its position in Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after buying an additional 70 shares during the last quarter. Finally, Hardy Reed LLC boosted its position in Applied Materials by 1.0% in the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock valued at $1,063,000 after buying an additional 71 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Applied Materials from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. DZ Bank downgraded Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target on the stock. in a research note on Friday, August 15th. Wells Fargo & Company cut their price target on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Redburn Atlantic downgraded Applied Materials from a "strong-buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, Wolfe Research cut their price target on Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.92.

Applied Materials Stock Performance

Applied Materials stock traded up $0.34 during midday trading on Friday, reaching $190.10. 18,902,154 shares of the company's stock were exchanged, compared to its average volume of 6,833,373. 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 quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $151.44 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.70 and a beta of 1.77. The stock's 50-day simple moving average is $176.30 and its 200 day simple moving average is $165.51.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter last year, the company posted $2.12 earnings per share. Applied Materials's quarterly 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, analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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

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.