Glenview Trust co Acquires 2,109 Shares of Applied Materials, Inc. $AMAT

Key Points

• Glenview Trust co increased its holdings in Applied Materials, Inc. by 6.9% in Q1, owning 32,744 shares valued at approximately $4.75 million.
• Institutional investors and hedge funds collectively own 80.56% of Applied Materials' stock, reflecting significant institutional interest in the company.
• Recent analyst ratings for Applied Materials show a mix of opinions, with an average target price of $193.88 and a current rating of "Moderate Buy" based on 17 buy, 13 hold, and 1 sell ratings.

Glenview Trust co boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 6.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,744 shares of the manufacturing equipment provider's stock after buying an additional 2,109 shares during the period. Glenview Trust co's holdings in Applied Materials were worth $4,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Skye Global Management LP bought a new position in Applied Materials in the 4th quarter valued at about $45,862,000. Value Partners Investments Inc. grew its position in 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 valued at $1,608,000 after buying an additional 793 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in Applied Materials in the 1st quarter valued at about $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after buying an additional 3,000 shares in the last quarter. Finally, Redwood Investment Management LLC grew its position in Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock valued at $1,876,000 after buying an additional 9,781 shares in the last quarter. Institutional investors own 80.56% of the company's stock.

Applied Materials Trading Down 1.4%

AMAT stock traded down $2.35 during mid-day trading on Friday, reaching $167.80. 5,167,090 shares of the stock traded hands, compared to its average volume of 8,142,924. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The company has a market cap of $133.68 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.42 and a beta of 1.77. The stock's fifty day moving average is $177.79 and its 200-day moving average is $164.69.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. The business'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. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMAT shares. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Stifel Nicolaus reduced their price objective on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Cantor Fitzgerald reduced their price objective on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Bank of America restated a "neutral" rating and set a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Finally, Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $192.92.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the firm'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 sale, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company's stock.

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.