Gotham Asset Management LLC Sells 74,821 Shares of Applied Materials, Inc. $AMAT

Key Points

• Gotham Asset Management LLC has reduced its stake in Applied Materials, Inc. by 37.6%, selling 74,821 shares and leaving it with 124,037 shares worth approximately $18 million.
• Other institutional investors, such as Ameriprise Financial and Deutsche Bank, have increased their holdings, with a significant portion of the company's stock—80.56%—owned by hedge funds and institutional investors.
• Applied Materials reported a Q4 earnings per share of $2.48, exceeding estimates, along with a recent dividend declaration of $0.46 per share, reflecting a yield of 1.1%.

Gotham Asset Management LLC lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 37.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,037 shares of the manufacturing equipment provider's stock after selling 74,821 shares during the quarter. Gotham Asset Management LLC's holdings in Applied Materials were worth $18,000,000 at the end of the most recent reporting period.

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

Applied Materials Price Performance

AMAT stock opened at $162.75 on Friday. The firm has a market cap of $129.65 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.25 and a beta of 1.77. The firm's fifty day moving average is $180.02 and its 200 day moving average is $164.92. 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.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business 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 business posted $2.12 earnings per share. The company's 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. Research analysts predict 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, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, August 21st. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

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 stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer 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 document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

AMAT has been the subject of several recent analyst reports. B. Riley cut their price objective on Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, May 12th. Evercore ISI reissued an "outperform" rating and issued a $209.00 price target on shares of Applied Materials in a research note on Friday, August 15th. UBS Group decreased their price target on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Wells Fargo & Company dropped their price objective on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $200.00 target price (down from $225.00) on shares of Applied Materials in a research report on Friday, May 16th. Seventeen 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $193.88.

Applied Materials Company 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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