NewEdge Advisors LLC Purchases 56,827 Shares of Applied Materials, Inc. $AMAT

Key Points

• NewEdge Advisors LLC increased its stake in Applied Materials by 23.5% during the first quarter, owning 299,075 shares valued at approximately $43.4 million.
• Analysts have mixed views on Applied Materials, with a consensus rating of "Moderate Buy" and price targets ranging from $193.88 to $225.00.
• Applied Materials recently declared a quarterly dividend of $0.46, representing a 1.2% dividend yield, with the ex-dividend date set for August 21st.

NewEdge Advisors LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 299,075 shares of the manufacturing equipment provider's stock after buying an additional 56,827 shares during the quarter. NewEdge Advisors LLC's holdings in Applied Materials were worth $43,402,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Nippon Life Global Investors Americas Inc. acquired a new position in Applied Materials during the first quarter worth about $427,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Applied Materials by 15.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 811,441 shares of the manufacturing equipment provider's stock valued at $117,751,000 after purchasing an additional 110,610 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Applied Materials by 3.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 34,154 shares of the manufacturing equipment provider's stock valued at $4,956,000 after purchasing an additional 1,041 shares during the last quarter. Ironvine Capital Partners LLC increased its position in Applied Materials by 42.2% during the 1st quarter. Ironvine Capital Partners LLC now owns 45,296 shares of the manufacturing equipment provider's stock worth $6,573,000 after purchasing an additional 13,442 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in Applied Materials in the 1st quarter valued at approximately $39,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of research reports. Citigroup decreased their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Wells Fargo & Company cut their price objective on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Raymond James Financial reaffirmed an "outperform" rating and issued a $200.00 target price (down previously from $225.00) on shares of Applied Materials in a report on Friday, May 16th. The Goldman Sachs Group initiated coverage on Applied Materials in a research report on Thursday, July 10th. They issued a "buy" rating and a $225.00 target price for the company. Finally, Bank of America restated a "neutral" rating and set a $180.00 price target (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $193.88.

Applied Materials Trading Down 0.4%

NASDAQ AMAT traded down $0.70 during mid-day trading on Monday, reaching $162.05. 7,930,990 shares of the stock were exchanged, compared to its average volume of 7,400,738. The stock has a market cap of $129.10 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.32 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70. The stock has a 50 day simple moving average of $180.02 and a 200-day simple moving average of $164.78.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the company posted $2.12 EPS. The business's quarterly 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, analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.46 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. Applied Materials's payout ratio is currently 21.93%.

Applied Materials 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.