Soros Capital Management LLC Has $12.65 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• Soros Capital Management LLC increased its stake in Applied Materials, Inc. by 25.5%, holding 87,144 shares valued at approximately $12.65 million.
• Applied Materials announced a quarterly dividend of $0.46 per share, with a yield of 1.1%, to be paid on September 11th.
• Analysts have lowered price targets for Applied Materials, with the consensus rating classified as a "Moderate Buy" and a target price of $193.88.

Soros Capital Management LLC increased its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,144 shares of the manufacturing equipment provider's stock after purchasing an additional 17,687 shares during the period. Applied Materials makes up 3.2% of Soros Capital Management LLC's investment portfolio, making the stock its 14th largest holding. Soros Capital Management LLC's holdings in Applied Materials were worth $12,646,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Skye Global Management LP bought a new position in shares of Applied Materials in the fourth quarter valued at $45,862,000. Value Partners Investments Inc. raised its holdings in shares of Applied Materials by 8.7% in the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock worth $1,608,000 after acquiring an additional 793 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new stake in shares of Applied Materials in the 1st quarter worth about $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Humankind Investments LLC boosted its stake in Applied Materials by 28.2% during the 4th quarter. Humankind Investments LLC now owns 1,503 shares of the manufacturing equipment provider's stock valued at $244,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 5,300 shares in the company, valued at $946,580. This trade represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Applied Materials Stock Up 1.7%

AMAT stock opened at $162.49 on Monday. The stock has a market cap of $130.40 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.32 and a beta of 1.70. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $183.13 and its two-hundred day simple moving average is $165.90. 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 company had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on AMAT shares. UBS Group lowered their price objective on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Wells Fargo & Company cut their target price on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Raymond James Financial reissued an "outperform" rating and issued a $200.00 price target (down from $225.00) on shares of Applied Materials in a research report on Friday, May 16th. Wall Street Zen cut Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, TD Cowen cut their price objective on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Seventeen 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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