Jacobi Capital Management LLC Grows Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• Jacobi Capital Management LLC increased its stake in Applied Materials, Inc. by 12.3% during the first quarter, acquiring an additional 2,308 shares, bringing its total holdings to 21,093 shares valued at approximately $3,061,000.
• Several hedge funds made significant changes to their holdings in Applied Materials, with Runnymede Capital Advisors increasing its stake by 972.2% and Activest Wealth Management growing its position by 5,325.0%.
• Applied Materials reported earnings of $2.48 EPS for the quarter, exceeding estimates, and set Q4 2025 guidance at $1.910-2.310 EPS, with an average analyst rating of "Moderate Buy."

Jacobi Capital Management LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,093 shares of the manufacturing equipment provider's stock after buying an additional 2,308 shares during the quarter. Jacobi Capital Management LLC's holdings in Applied Materials were worth $3,061,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMAT. Runnymede Capital Advisors Inc. lifted its position in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position 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 purchasing an additional 174 shares during the period. Activest Wealth Management lifted its position 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 purchasing an additional 213 shares during the period. Finally, Disciplina Capital Management LLC lifted its position in Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Price Performance

Shares of AMAT traded down $2.35 during mid-day trading on Friday, reaching $167.80. 5,167,090 shares of the company's stock were exchanged, compared to its average volume of 8,142,924. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $177.79 and a two-hundred day simple moving average of $164.69. 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 price-to-earnings ratio of 20.00, a PEG ratio of 2.42 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping 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 business had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the company posted $2.12 EPS. 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. On average, sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Insider Buying and Selling at Applied Materials

In other 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 transaction, the chief accounting officer directly 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 document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 15th. DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. The Goldman Sachs Group began coverage on shares of Applied Materials in a research report on Thursday, July 10th. They set a "buy" rating and a $225.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Finally, Wells Fargo & Company reduced their price target 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. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $192.92.

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.