Itau Unibanco Holding S.A. Sells 74,941 Shares of Applied Materials, Inc. $AMAT

Key Points

• Itau Unibanco Holding S.A. reduced its stake in Applied Materials, Inc. by 99.1%, selling 74,941 shares and leaving it with only 704 shares valued at $102,000.
• Various institutional investors, including Skye Global Management LP and Redwood Investment Management LLC, have recently modified their holdings in Applied Materials, with 80.56% of the stock owned by institutional investors.
• Applied Materials announced a quarterly dividend of $0.46 per share, with a yield of 1.1%, payable on September 11th to shareholders of record on August 21st.

Itau Unibanco Holding S.A. cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 99.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 704 shares of the manufacturing equipment provider's stock after selling 74,941 shares during the period. Itau Unibanco Holding S.A.'s holdings in Applied Materials were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMAT. Skye Global Management LP bought a new stake in shares of Applied Materials during the 4th quarter valued at $45,862,000. Value Partners Investments Inc. raised its position in shares of 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 acquiring an additional 793 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in Applied Materials during the 1st quarter worth approximately $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in Applied Materials by 12.7% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after purchasing an additional 3,000 shares during the period. Finally, Redwood Investment Management LLC increased its stake in Applied Materials by 311.2% in the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock valued at $1,876,000 after purchasing an additional 9,781 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. This trade represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $165.27 on Friday. The business has a 50-day moving average of $182.32 and a 200-day moving average of $165.63. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. 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 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 (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 for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion during 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 business's revenue was up 7.7% compared to the same quarter last year. During the same period last 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, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 of this dividend is Thursday, August 21st. Applied Materials's dividend payout ratio is 21.93%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMAT. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price for the company. in a research note on Monday, July 7th. Citigroup lowered their target price on Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price target on shares of Applied Materials in a research note on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, Wall Street Zen cut Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seventeen 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $193.88.

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.

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