Envestnet Portfolio Solutions Inc. Lowers Position in Applied Materials, Inc. $AMAT

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,209 shares of the manufacturing equipment provider’s stock after selling 4,717 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Applied Materials were worth $23,440,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in Applied Materials during the third quarter valued at $26,000. Highline Wealth Partners LLC boosted its stake in shares of Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock worth $30,000 after acquiring an additional 38 shares in the last quarter. Joseph Group Capital Management acquired a new stake in shares of Applied Materials during the 4th quarter valued at about $31,000. Dogwood Wealth Management LLC increased its stake in shares of Applied Materials by 52.4% in the 4th quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in Applied Materials by 147.2% in the 4th quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider’s stock worth $34,000 after purchasing an additional 78 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on AMAT shares. Needham & Company LLC raised their price objective on Applied Materials from $440.00 to $530.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada increased their target price on Applied Materials from $500.00 to $520.00 and gave the company an “outperform” rating in a research report on Friday. Wolfe Research boosted their price target on shares of Applied Materials from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday. HSBC began coverage on shares of Applied Materials in a research report on Friday, May 8th. They set a “buy” rating and a $517.00 price objective for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $502.00 target price (up from $454.00) on shares of Applied Materials in a research report on Friday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $463.89.

Insider Activity

In related news, CAO Adam Sanders sold 534 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the sale, the chief accounting officer owned 4,625 shares of the company’s stock, valued at approximately $1,753,615. This represents a 10.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Judy Bruner sold 3,969 shares of Applied Materials stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $377.02, for a total transaction of $1,496,392.38. Following the transaction, the director directly owned 28,589 shares in the company, valued at $10,778,624.78. This trade represents a 12.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,003 shares of company stock worth $2,678,139. Corporate insiders own 0.30% of the company’s stock.

Applied Materials Price Performance

AMAT stock opened at $413.57 on Tuesday. Applied Materials, Inc. has a 1 year low of $153.47 and a 1 year high of $448.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.51 and a quick ratio of 1.80. The firm has a market capitalization of $328.21 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.66. The business has a 50 day simple moving average of $380.43 and a 200-day simple moving average of $321.37.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 14th. The manufacturing equipment provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.18. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.68 billion. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 earnings per share. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 11.28 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, May 21st. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s payout ratio is presently 17.28%.

Applied Materials Company 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.