Landscape Capital Management L.L.C. Sells 10,410 Shares of Applied Materials, Inc. $AMAT

Landscape Capital Management L.L.C. decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 50.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,129 shares of the manufacturing equipment provider's stock after selling 10,410 shares during the period. Applied Materials accounts for about 0.5% of Landscape Capital Management L.L.C.'s holdings, making the stock its 27th largest holding. Landscape Capital Management L.L.C.'s holdings in Applied Materials were worth $7,323,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMAT. Cornerstone Financial Management LLC bought a new position in shares of Applied Materials during the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in Applied Materials in the fourth quarter valued at $26,000. Harborfront Financial Group LLC bought a new stake in Applied Materials in the second quarter valued at $27,000. Financial Freedom LLC purchased a new position in Applied Materials during the 1st quarter valued at $28,000. Finally, Joseph Group Capital Management purchased a new position in Applied Materials during the 4th quarter valued at $31,000. 80.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Applied Materials from $510.00 to $770.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Argus set a $600.00 price objective on shares of Applied Materials in a report on Tuesday, August 18th. Royal Bank Of Canada increased their target price on Applied Materials from $520.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $605.00 target price on shares of Applied Materials in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Applied Materials in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $659.83.

Applied Materials Trading Down 1.7%

NASDAQ:AMAT opened at $484.19 on Tuesday. The firm has a market capitalization of $384.25 billion, a P/E ratio of 41.74, a PEG ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The company's 50-day simple moving average is $560.64 and its 200 day simple moving average is $453.08.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the firm earned $2.48 earnings per share. The business's revenue for the quarter was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.73 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials's dividend payout ratio (DPR) is 18.28%.

Insider Buying and Selling at Applied Materials

In other news, SVP Omkaram Nalamasu sold 24,263 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total transaction of $14,398,392.09. Following the completion of the transaction, the senior vice president directly owned 146,916 shares in the company, valued at $87,184,361.88. This trade represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Iannotti sold 9,250 shares of the firm's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total value of $5,547,872.50. Following the transaction, the director owned 40,559 shares of the company's stock, valued at $24,326,071.43. The trade was a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 276,692 shares of company stock valued at $169,030,834 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

Applied Materials Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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