State of Alaska Department of Revenue Reduces Holdings in Applied Materials, Inc. $AMAT

Key Points

• The State of Alaska Department of Revenue reduced its holdings in Applied Materials, Inc. by 4.0%, owning 91,356 shares worth $16.7 million after selling 3,795 shares in the second quarter.
• Institutional investors and hedge funds own approximately 80.56% of Applied Materials' stock, with significant stakes being raised by companies like Ameriprise Financial and Deutsche Bank AG during the first quarter.
• Applied Materials recently declared a quarterly dividend of $0.46 per share, set to be paid on December 11th, which represents a dividend yield of 0.9%.

State of Alaska Department of Revenue lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,356 shares of the manufacturing equipment provider's stock after selling 3,795 shares during the period. State of Alaska Department of Revenue's holdings in Applied Materials were worth $16,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Applied Materials by 23.6% during 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 purchasing an additional 1,502,995 shares in the last quarter. Amundi raised its holdings in Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock worth $1,038,504,000 after buying an additional 1,046,635 shares during the period. Nuveen LLC acquired a new stake in Applied Materials during the 1st quarter worth about $1,085,600,000. Deutsche Bank AG grew its stake in Applied Materials by 20.7% during the 1st 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 stake in Applied Materials by 43.6% during the 1st 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. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $203.92 on Friday. The business has a fifty day moving average of $176.94 and a 200-day moving average of $167.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $162.45 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.77. 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 issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter last year, the business earned $2.12 earnings per share. 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, equities research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business 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 dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials's payout ratio is 21.93%.

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent research reports. Daiwa America cut Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley raised Applied Materials from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $172.00 to $209.00 in a research report on Monday. Summit Insights cut Applied Materials from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. JPMorgan Chase & Co. increased their price objective on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.