OMERS ADMINISTRATION Corp Sells 4,018 Shares of Applied Materials, Inc. $AMAT

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Applied Materials, Inc. by 8.1%, selling 4,018 shares and retaining 45,726 shares valued at approximately $6.6 million.
• Recent analyst reports have adjusted price targets for Applied Materials, with Wolfe Research and Mizuho both lowering their targets to $200, while Citigroup decreased theirs to $205, but still maintaining positive ratings.
• Applied Materials recently declared a quarterly dividend of $0.46 per share, with a dividend yield of 1.1%, reflecting a payout ratio of 21.93%.

OMERS ADMINISTRATION Corp trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,726 shares of the manufacturing equipment provider's stock after selling 4,018 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Applied Materials were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC boosted its holdings in Applied Materials by 3.9% during the first quarter. CreativeOne Wealth LLC now owns 24,833 shares of the manufacturing equipment provider's stock valued at $3,604,000 after purchasing an additional 939 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Applied Materials by 4.2% in the 1st quarter. Ieq Capital LLC now owns 88,987 shares of the manufacturing equipment provider's stock worth $12,914,000 after purchasing an additional 3,590 shares during the last quarter. Redwood Investment Management LLC grew its holdings in shares of Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after purchasing an additional 9,781 shares during the last quarter. Findlay Park Partners LLP grew its holdings in shares of Applied Materials by 36.9% in the 1st quarter. Findlay Park Partners LLP now owns 584,700 shares of the manufacturing equipment provider's stock worth $84,852,000 after purchasing an additional 157,500 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of Applied Materials by 3.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,272,170 shares of the manufacturing equipment provider's stock worth $184,617,000 after purchasing an additional 42,742 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

NASDAQ:AMAT traded down $4.51 during mid-day trading on Monday, reaching $160.76. 7,198,461 shares of the company were exchanged, compared to its average volume of 8,177,691. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70. The company has a fifty day moving average of $182.15 and a 200 day moving average of $165.23. 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 stock has a market cap of $128.07 billion, a PE ratio of 19.16, a PEG ratio of 2.29 and a beta of 1.77.

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

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. Applied Materials's dividend payout ratio is presently 21.93%.

Insider Transactions at Applied Materials

In other Applied Materials 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 transaction of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMAT shares. Wells Fargo & Company lowered their target price on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Wolfe Research lowered their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Citigroup lowered their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, August 15th. The Goldman Sachs Group started coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 target price on the stock. Finally, Cantor Fitzgerald lowered their target price on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and a consensus target price of $193.88.

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.