Applied Materials, Inc. $AMAT Shares Sold by XML Financial LLC

XML Financial LLC decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 30.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,638 shares of the manufacturing equipment provider’s stock after selling 3,870 shares during the period. XML Financial LLC’s holdings in Applied Materials were worth $4,417,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Summit Wealth Group LLC Co. raised its stake in shares of Applied Materials by 36.8% during the third quarter. Summit Wealth Group LLC Co. now owns 3,884 shares of the manufacturing equipment provider’s stock worth $1,986,000 after buying an additional 1,045 shares during the last quarter. Kuhn & Co Investment Counsel lifted its holdings in Applied Materials by 6.1% in the third quarter. Kuhn & Co Investment Counsel now owns 590 shares of the manufacturing equipment provider’s stock valued at $302,000 after buying an additional 34 shares during the period. Landaas & Co. WI ADV lifted its holdings in Applied Materials by 2.4% in the third quarter. Landaas & Co. WI ADV now owns 1,097 shares of the manufacturing equipment provider’s stock valued at $561,000 after buying an additional 26 shares during the period. TSG Advice Partners LLC acquired a new position in Applied Materials in the third quarter valued at approximately $862,000. Finally, One Way Holdings LLC boosted its stake in Applied Materials by 9.0% in the third quarter. One Way Holdings LLC now owns 42,536 shares of the manufacturing equipment provider’s stock valued at $21,752,000 after acquiring an additional 3,522 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total value of $3,594,375.00. Following the completion of the sale, the chief financial officer directly owned 128,613 shares in the company, valued at $61,637,780.25. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judy Bruner sold 1,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the sale, the director owned 25,544 shares of the company’s stock, valued at $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,225 shares of company stock valued at $4,454,181. Company insiders own 0.30% of the company’s stock.

Applied Materials Trading Down 4.0%

Shares of NASDAQ AMAT opened at $374.53 on Tuesday. The company’s fifty day moving average is $455.30 and its 200-day moving average is $443.98. The stock has a market cap of $297.23 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.16 and a beta of 1.60. Applied Materials, Inc. has a twelve month low of $203.40 and a twelve month high of $739.67. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Equities research analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s payout ratio is presently 18.28%.

Analyst Ratings Changes

A number of research firms have commented on AMAT. Zacks Research lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. The Goldman Sachs Group increased their price target on Applied Materials from $645.00 to $670.00 and gave the company a “buy” rating in a research note on Friday, August 14th. B. Riley Financial restated a “buy” rating and issued a $700.00 price target (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Finally, HSBC decreased their price objective on Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Thirty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $632.70.

Applied Materials Company Profile

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.