Vident Advisory LLC Has $8.50 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• Vident Advisory LLC reduced its stake in Applied Materials, Inc. by 15.0%, owning 58,595 shares after selling 10,377 shares in the first quarter.
• Numerous institutional investors have made significant changes to their holdings, with Nuveen LLC acquiring a new stake worth approximately $1.08 billion during the same period.
• Applied Materials has announced a quarterly dividend of $0.46 per share, translating to an annual yield of 1.1% for shareholders on record as of August 21st.

Vident Advisory LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 15.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,595 shares of the manufacturing equipment provider's stock after selling 10,377 shares during the period. Vident Advisory LLC's holdings in Applied Materials were worth $8,503,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMAT. Runnymede Capital Advisors Inc. boosted its stake in Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Applied Materials during the first quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% during the first 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. Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials in the fourth quarter worth $44,000. 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 worth $39,000 after acquiring an additional 130 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research reports. 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 report on Friday, May 16th. Barclays upped their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Cantor Fitzgerald decreased their target price on Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Daiwa Capital Markets restated a "neutral" rating and set a $170.00 price target (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Finally, Daiwa America cut Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Seventeen investment 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $193.88.

Applied Materials Price Performance

NASDAQ:AMAT traded down $4.51 during mid-day trading on Monday, hitting $160.76. The company's stock had a trading volume of 7,198,461 shares, compared to its average volume of 8,177,691. The company has a market capitalization of $128.07 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.29 and a beta of 1.77. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The stock has a fifty day moving average of $182.15 and a 200-day moving average of $165.23.

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 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 for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the company posted $2.12 EPS. 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. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction on Tuesday, June 24th. The stock was 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 approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company's stock.

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.