Applied Materials, Inc. $AMAT Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC reduced its stake in Applied Materials, Inc. by 18.5% in Q2, holding 10,441 shares worth approximately $1.91 million after selling 2,374 shares.
• Hedge fund activity around AMAT shows significant shifts, with firms like Runnymede Capital and Activest Wealth Management making large increases in their positions during the first quarter.
• Applied Materials reported an earnings per share (EPS) of $2.48, exceeding analysts' expectations and showing a 7.7% increase in revenue compared to the previous year.

Procyon Advisors LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 18.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,441 shares of the manufacturing equipment provider's stock after selling 2,374 shares during the quarter. Procyon Advisors LLC's holdings in Applied Materials were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Morgan Stanley boosted their target price on shares of Applied Materials from $169.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, August 15th. TD Cowen cut their price target on Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Cantor Fitzgerald reduced their price objective on Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Finally, Cfra Research upgraded Applied Materials to a "hold" rating in a research note on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.92.

Applied Materials Price Performance

Shares of AMAT stock traded up $0.34 on Friday, reaching $190.10. 18,902,154 shares of the company were exchanged, compared to its average volume of 7,482,269. The company has a market cap of $151.44 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.54 and a beta of 1.77. The business has a 50-day moving average price of $176.45 and a 200 day moving average price of $165.25. 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 1 year low of $123.74 and a 1 year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. Applied Materials's dividend payout ratio is presently 21.93%.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction dated 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 directly owned 5,300 shares of the company's stock, valued at approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.

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.