Global X Japan Co. Ltd. Sells 48,046 Shares of Applied Materials, Inc. $AMAT

Key Points

• Global X Japan Co. Ltd. reduced its stake in Applied Materials, Inc. by 71.2% in Q2, selling 48,046 shares and retaining 19,425 shares valued at $3.56 million.
• Applied Materials recently reported earnings of $2.48 per share, beating estimates by $0.12, and had revenue of $7.30 billion for the quarter, which represents a year-over-year increase of 7.7%.
• The company declared a quarterly dividend of $0.46 per share, reflecting an annual yield of 1.0%, and has a current dividend payout ratio of 21.93%.

Global X Japan Co. Ltd. lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 71.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,425 shares of the manufacturing equipment provider's stock after selling 48,046 shares during the period. Global X Japan Co. Ltd.'s holdings in Applied Materials were worth $3,556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Runnymede Capital Advisors Inc. raised its holdings in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials during the first quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd raised 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 buying an additional 174 shares during the period. Activest Wealth Management raised its stake in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares during the period. Finally, Greenline Partners LLC bought a new stake in Applied Materials in the first quarter valued at approximately $39,000. Institutional investors own 80.56% of the company's stock.

Applied Materials Price Performance

Applied Materials stock opened at $190.10 on Friday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70. The stock's 50 day moving average is $176.30 and its 200-day moving average is $165.51. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $151.44 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.70 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current 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 dividend on an annualized basis and a yield of 1.0%. Applied Materials's dividend payout ratio is currently 21.93%.

Insider Transactions at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Summit Insights lowered Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Daiwa America lowered Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley upped their price objective on Applied Materials from $169.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. The Goldman Sachs Group assumed coverage on Applied Materials in a research note on Thursday, July 10th. They issued a "buy" rating and a $225.00 price objective on the stock. Finally, DZ Bank lowered Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective on the stock. in a research note on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $192.92.

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.

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