New York State Teachers Retirement System Sells 29,722 Shares of Applied Materials, Inc. $AMAT

Key Points

• The New York State Teachers Retirement System reduced its stake in Applied Materials, Inc. by 4.3%, selling 29,722 shares, resulting in ownership of approximately 663,741 shares valued at $121.5 million.
• Analysts have given Applied Materials a consensus rating of "Moderate Buy," with several adjusting their price targets significantly, including Bank of America's increase to $250.00.
• Applied Materials announced a quarterly dividend of $0.46 to be paid on December 11th, representing an annualized dividend of $1.84 with a yield of 0.8%.

New York State Teachers Retirement System trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 663,741 shares of the manufacturing equipment provider's stock after selling 29,722 shares during the period. New York State Teachers Retirement System owned about 0.08% of Applied Materials worth $121,511,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. grew its stake in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials in the 1st quarter worth about $29,000. Maseco LLP bought a new position in Applied Materials in the 2nd quarter worth about $30,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its stake in Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 213 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AMAT. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Bank of America upgraded shares of Applied Materials from a "neutral" rating to a "buy" rating and upped their target price for the stock from $180.00 to $250.00 in a research note on Monday. Weiss Ratings restated a "hold (c)" rating on shares of Applied Materials in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Finally, Barclays upped their price target on shares of Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $204.54.

Applied Materials Trading Up 4.3%

NASDAQ AMAT opened at $227.58 on Thursday. The company has a fifty day simple moving average of $185.10 and a two-hundred day simple moving average of $173.00. The stock has a market cap of $181.30 billion, a P/E ratio of 27.13, a P/E/G ratio of 2.73 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $228.10. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter last year, the company posted $2.12 earnings per share. 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, analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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 given a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Applied Materials Company Profile

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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