Applied Materials, Inc. $AMAT Holdings Raised by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC increased its holdings in Applied Materials, Inc. by 311.2% in the first quarter, totaling 12,924 shares valued at approximately $1.88 million.
• Various hedge funds have also significantly increased their stakes in Applied Materials, with some, like Runnymede Capital Advisors, reporting growth of over 900%.
• Applied Materials recently reported earnings of $2.48 per share, exceeding estimates, alongside a new quarterly dividend of $0.46 per share set to be paid on September 11th.

Redwood Investment Management LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 311.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,924 shares of the manufacturing equipment provider's stock after buying an additional 9,781 shares during the period. Redwood Investment Management LLC's holdings in Applied Materials were worth $1,876,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Northern Trust Corp grew its position in Applied Materials by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider's stock valued at $1,663,780,000 after acquiring an additional 1,602,645 shares in the last quarter. Ameriprise Financial Inc. grew its position in Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares in the last quarter. Nuveen LLC acquired a new stake in Applied Materials in the first quarter valued at approximately $1,085,600,000. Deutsche Bank AG grew its position in Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock valued at $1,043,326,000 after acquiring an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock valued at $808,853,000 after acquiring an additional 1,691,428 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Performance

Applied Materials stock traded down $4.51 during mid-day trading on Friday, reaching $160.76. The company's stock had a trading volume of 7,193,339 shares, compared to its average volume of 7,405,237. The firm has a market cap of $128.07 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.34 and a beta of 1.70. The business has a 50 day moving average price of $182.32 and a 200-day moving average price of $165.63. 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, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

AMAT has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Citigroup decreased their price target on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a research report on Friday, August 15th. Finally, Daiwa America downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Seventeen 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 stock. According to MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.88.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the sale, the chief accounting officer directly owned 5,300 shares in the company, 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 can be accessed through this link. 0.24% of the stock is currently owned by corporate 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.