Mission Creek Capital Partners Inc. Sells 3,492 Shares of Applied Materials, Inc. $AMAT

Key Points

• Mission Creek Capital Partners Inc. decreased its stake in Applied Materials by 26.9%, selling 3,492 shares, bringing their total holdings to 9,502 shares valued at approximately $1.38 million.
• Applied Materials reported strong quarterly earnings of $2.48 EPS, exceeding analyst expectations of $2.36, with revenues of $7.30 billion, up 7.7% year-over-year.
• The company announced a quarterly dividend of $0.46 per share, which will be paid to shareholders on September 11th, with a dividend yield of 1.1%.

Mission Creek Capital Partners Inc. lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 26.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,502 shares of the manufacturing equipment provider's stock after selling 3,492 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Applied Materials were worth $1,379,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AMAT. Old Port Advisors increased its holdings in Applied Materials by 2.5% in the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock valued at $396,000 after purchasing an additional 66 shares during the last quarter. Silver Oak Securities Incorporated increased its position in shares of Applied Materials by 4.7% in 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 in the last quarter. Cromwell Holdings LLC lifted its position in Applied Materials by 2.8% during the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock worth $369,000 after buying an additional 69 shares in the last quarter. TCTC Holdings LLC grew its holdings in shares of Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider's stock valued at $152,000 after acquiring an additional 70 shares in the last quarter. Finally, Hardy Reed LLC grew its holdings in shares of Applied Materials by 1.0% in the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider's stock valued at $1,063,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $164.39 on Thursday. The stock's 50-day simple moving average is $182.47 and its 200 day simple moving average is $165.75. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. 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 firm has a market capitalization of $130.96 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.70.

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

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at $946,580. This represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Citigroup reduced their price target on Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Daiwa America cut Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a report on Monday, July 7th. Finally, Daiwa Capital Markets restated a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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