Teamwork Financial Advisors LLC Sells 1,795 Shares of Applied Materials, Inc. $AMAT

Key Points

• Teamwork Financial Advisors LLC has decreased its stake in Applied Materials, Inc. by 19.3%, selling 1,795 shares, leaving them with a total of 7,485 shares valued at approximately $1.37 million.
• Institutional ownership of Applied Materials is significant, with 80.56% of the stock currently owned by institutional investors and hedge funds.
• Analysts have mixed reviews for Applied Materials, with target price adjustments ranging from $170.00 to $205.00, while the stock has a consensus rating of "Hold."

Teamwork Financial Advisors LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,485 shares of the manufacturing equipment provider's stock after selling 1,795 shares during the period. Teamwork Financial Advisors LLC's holdings in Applied Materials were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Applied Materials during the 1st quarter valued at $1,085,600,000. Pacer Advisors Inc. raised its stake in Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock valued at $445,056,000 after buying an additional 2,944,193 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Applied Materials by 18,402.1% in the first quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider's stock worth $2,647,430,000 after acquiring an additional 1,814,444 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $808,853,000 after acquiring an additional 1,691,428 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 acquiring an additional 1,502,995 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMAT. Citigroup lowered their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. Morgan Stanley upped their target price on Applied Materials from $169.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, August 15th. Bank of America restated a "neutral" rating and issued a $180.00 target price (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Finally, Wolfe Research cut their price objective on Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $192.92.

Applied Materials Price Performance

NASDAQ:AMAT opened at $167.80 on Friday. The firm's fifty day moving average is $177.79 and its two-hundred day moving average is $164.69. The firm has a market cap of $133.68 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.42 and a beta of 1.77. 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 one year low of $123.74 and a one year high of $215.70.

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

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio is currently 21.93%.

Insider Activity at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of Applied Materials 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 transaction, the chief accounting officer directly owned 5,300 shares of the company's stock, valued at $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

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.