Parallel Advisors LLC Acquires 1,484 Shares of Applied Materials, Inc. $AMAT

Key Points

• Parallel Advisors LLC increased its stake in Applied Materials, Inc. by 8.5% during the second quarter, owning a total of 18,919 shares valued at approximately $3.46 million.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with an ex-dividend date set for November 20th, reflecting an annualized yield of 1.1%.
• Despite a recent downgrade from some analysts, the stock currently holds a consensus rating of “Moderate Buy” with a target price of $192.92.

Parallel Advisors LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 8.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,919 shares of the manufacturing equipment provider's stock after acquiring an additional 1,484 shares during the period. Parallel Advisors LLC's holdings in Applied Materials were worth $3,464,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMAT. Runnymede Capital Advisors Inc. increased its position in Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials during the 1st quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 174 shares during the period. Activest Wealth Management increased its position in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 213 shares during the period. Finally, Disciplina Capital Management LLC increased its position in Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock worth $39,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

Shares of AMAT traded up $0.34 during mid-day trading on Friday, reaching $190.10. 18,902,154 shares of the company's stock traded hands, compared to its average volume of 6,833,373. The business's 50-day moving average price is $176.30 and its 200-day moving average price is $165.51. The stock has a market capitalization of $151.44 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70.

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

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 1.0%. Applied Materials's payout ratio is 21.93%.

Insider Transactions at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI reiterated an "outperform" rating and set a $209.00 target price on shares of Applied Materials in a research report on Friday, August 15th. JPMorgan Chase & Co. upped their price target on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, August 15th. UBS Group lowered their price target on Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. The Goldman Sachs Group began coverage on Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 price target on the stock. Finally, Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a report on Monday, July 7th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued 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 $192.92.

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.