Applied Materials, Inc. $AMAT Shares Acquired by Maple Capital Management Inc.

Key Points

• Maple Capital Management Inc. increased its stake in Applied Materials, Inc. by 3.0%, owning 85,768 shares valued at approximately $12.45 million as of the end of the last reporting period.
• Institutional investors collectively hold 80.56% of Applied Materials' stock, highlighting significant institutional interest in the company.
• Applied Materials' latest earnings report exceeded expectations, with an EPS of $2.48 against a consensus of $2.36, and revenue of $7.30 billion, marking a 7.7% increase from last year.

Maple Capital Management Inc. boosted its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 85,768 shares of the manufacturing equipment provider's stock after acquiring an additional 2,480 shares during the period. Maple Capital Management Inc.'s holdings in Applied Materials were worth $12,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Old Port Advisors grew its stake in shares of Applied Materials by 2.5% during the 1st quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after buying an additional 66 shares during the period. Silver Oak Securities Incorporated grew its stake in shares of Applied Materials by 4.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider's stock valued at $218,000 after buying an additional 68 shares during the period. Cromwell Holdings LLC grew its stake in shares of Applied Materials by 2.8% during the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock valued at $369,000 after buying an additional 69 shares during the period. TCTC Holdings LLC grew its stake in shares of Applied Materials by 7.2% during the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after buying an additional 70 shares during the period. Finally, Hardy Reed LLC grew its stake in shares of Applied Materials by 1.0% during the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock valued at $1,063,000 after buying an additional 71 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. Wolfe Research decreased their price target on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Stifel Nicolaus decreased their price target on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target for the company. in a research report on Monday, July 7th. Evercore ISI reaffirmed an "outperform" rating and set a $209.00 price target on shares of Applied Materials in a research report on Friday, August 15th. Finally, The Goldman Sachs Group initiated 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. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $192.92.

Applied Materials Stock Down 1.4%

AMAT stock traded down $2.35 during trading on Friday, reaching $167.80. The stock had a trading volume of 5,167,090 shares, compared to its average volume of 8,142,924. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70. 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 $133.68 billion, a P/E ratio of 20.00, a PEG ratio of 2.42 and a beta of 1.77. The firm has a fifty day moving average price of $177.79 and a 200 day moving average price of $164.69.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS 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 firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the company's 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 sale, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company's stock.

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.