T. Rowe Price Investment Management Inc. Has $6.26 Million Stock Position in Applied Materials, Inc. $AMAT

Key Points

• T. Rowe Price Investment Management Inc. significantly increased its stake in Applied Materials, Inc. by 1,519.6%, owning 43,115 shares worth approximately $6.26 million as of the latest SEC filing.
• Multiple institutional investors have also made substantial investments in the company, with notable positions from Nuveen LLC and Pacer Advisors Inc., indicating strong interest in Applied Materials.
• Applied Materials has announced a quarterly dividend of $0.46 per share, translating to an annualized dividend yield of 1.1%, with a dividend payout ratio of 21.93%.

T. Rowe Price Investment Management Inc. grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 1,519.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 43,115 shares of the manufacturing equipment provider's stock after acquiring an additional 40,453 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in Applied Materials were worth $6,257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Runnymede Capital Advisors Inc. lifted its position in shares of 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 buying an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Applied Materials during the 1st quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of 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 buying an additional 174 shares during the last quarter. Disciplina Capital Management LLC lifted its position in shares of 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 buying an additional 130 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Applied Materials during the 4th quarter worth $44,000. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Applied Materials in a research report on Friday, May 16th. TD Cowen lowered their target price on Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a report on Friday, August 15th. B. Riley lowered their target price on Applied Materials from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, May 12th. Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Finally, Wells Fargo & Company lowered their target price on Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.88.

Applied Materials Trading Up 0.1%

Shares of AMAT stock traded up $0.22 on Thursday, hitting $164.61. The company had a trading volume of 2,558,841 shares, compared to its average volume of 7,372,917. The firm has a market cap of $131.14 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.35 and a beta of 1.70. The stock's 50-day moving average is $182.47 and its two-hundred day moving average is $165.75. 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 twelve month low of $123.74 and a twelve month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company's stock.

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.