Teza Capital Management LLC Buys Shares of 2,157 Applied Materials, Inc. $AMAT

Key Points

• Teza Capital Management LLC acquired a new position in Applied Materials, Inc., purchasing 2,157 shares valued at approximately $313,000 during the 1st quarter.
• Applied Materials reported earnings per share (EPS) of $2.48 for the latest quarter, exceeding analysts' expectations by $0.12, along with a revenue of $7.30 billion.
• The stock has experienced significant trading activity with a recent price of $163.50 and a consensus target price of $193.88 from analysts.

Teza Capital Management LLC acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,157 shares of the manufacturing equipment provider's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. grew its stake in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Applied Materials in the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Activest Wealth Management grew its stake in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC grew its stake in shares of Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMAT has been the topic of several research reports. Morgan Stanley upped their price target on shares of Applied Materials from $169.00 to $172.00 and gave the company an "equal weight" rating in a research note on Friday, August 15th. TD Cowen cut their price objective on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Wells Fargo & Company cut 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. Bank of America reaffirmed a "neutral" rating and set a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Finally, Citigroup cut their price objective 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. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $193.88.

Applied Materials Trading Up 4.3%

Shares of Applied Materials stock traded up $7.10 on Thursday, hitting $170.52. The stock had a trading volume of 6,042,654 shares, compared to its average volume of 7,370,235. The stock has a 50 day moving average of $178.66 and a 200 day moving average of $164.69. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. 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 capitalization of $135.84 billion, a P/E ratio of 20.32, a PEG ratio of 2.33 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released 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 company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. The firm'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. Sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the 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 of the company's stock, valued at approximately $946,580. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is 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.