Vise Technologies Inc. Has $9.65 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• Vise Technologies Inc. increased its stake in Applied Materials by 25.6% in the fourth quarter, ending with 37,534 shares worth about $9.65 million.
• Applied Materials reported better-than-expected quarterly results, with EPS of $2.86 and revenue of $7.91 billion, both ahead of analyst estimates. Revenue also rose 11.4% year over year.
• The company raised its quarterly dividend to $0.53 per share from $0.46, while Wall Street remains constructive, with 27 Buy ratings and an average price target of $470.13.

Vise Technologies Inc. lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,534 shares of the manufacturing equipment provider's stock after buying an additional 7,648 shares during the quarter. Vise Technologies Inc.'s holdings in Applied Materials were worth $9,646,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMAT. Godsey & Gibb Inc. grew its holdings in Applied Materials by 2.6% during the fourth quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider's stock valued at $334,000 after purchasing an additional 33 shares during the period. Family Capital Management Inc. grew its holdings in Applied Materials by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider's stock valued at $1,086,000 after purchasing an additional 33 shares during the period. Denali Advisors LLC grew its holdings in Applied Materials by 0.7% during the fourth quarter. Denali Advisors LLC now owns 4,582 shares of the manufacturing equipment provider's stock valued at $1,178,000 after purchasing an additional 34 shares during the period. Traveka Wealth LLC grew its holdings in Applied Materials by 2.6% during the fourth quarter. Traveka Wealth LLC now owns 1,404 shares of the manufacturing equipment provider's stock valued at $361,000 after purchasing an additional 36 shares during the period. Finally, Highline Wealth Partners LLC grew its holdings in Applied Materials by 48.7% during the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider's stock valued at $30,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Price Performance

Shares of AMAT opened at $502.02 on Friday. The firm has a market capitalization of $398.58 billion, a PE ratio of 47.14, a PEG ratio of 1.40 and a beta of 1.67. The company's 50-day moving average is $407.26 and its 200-day moving average is $341.53. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $510.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.68 billion. Applied Materials had a net margin of 29.31% and a return on equity of 36.97%. The company's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities analysts forecast that Applied Materials, Inc. will post 12.02 EPS for the current year.

Applied Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Applied Materials's previous quarterly dividend of $0.46. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. Applied Materials's payout ratio is currently 19.91%.

Insider Activity

In related news, CAO Adam Sanders sold 268 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $434.22, for a total value of $116,370.96. Following the transaction, the chief accounting officer directly owned 4,280 shares in the company, valued at approximately $1,858,461.60. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judy Bruner sold 1,128 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $450.00, for a total transaction of $507,600.00. Following the completion of the transaction, the director owned 26,544 shares in the company, valued at $11,944,800. This trade represents a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMAT. Summit Insights upgraded shares of Applied Materials from a "hold" rating to a "buy" rating in a report on Friday, February 13th. Erste Group Bank upgraded shares of Applied Materials from a "hold" rating to a "buy" rating in a report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on shares of Applied Materials from $500.00 to $520.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Sanford C. Bernstein restated an "outperform" rating and set a $525.00 price objective on shares of Applied Materials in a report on Friday, May 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Applied Materials from $435.00 to $520.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and an average price target of $470.13.

Applied Materials Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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