1,685 Shares in Applied Materials, Inc. $AMAT Bought by TSG Advice Partners LLC

TSG Advice Partners LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,685 shares of the manufacturing equipment provider’s stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its stake in shares of Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock worth $296,000 after acquiring an additional 17 shares during the period. Innovative Asset Advisors Group LLC boosted its holdings in shares of Applied Materials by 2.1% in the second quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock valued at $695,000 after acquiring an additional 20 shares in the last quarter. Stonebridge Financial Group LLC increased its stake in shares of Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after acquiring an additional 21 shares during the period. N.E.W. Advisory Services LLC increased its stake in shares of Applied Materials by 5.9% during the second quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock worth $273,000 after acquiring an additional 21 shares during the period. Finally, IMG Wealth Management Inc. raised its holdings in Applied Materials by 13.0% during the second quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock worth $132,000 after purchasing an additional 21 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Applied Materials

In other news, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the transaction, the director directly owned 25,544 shares in the company, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Adam Sanders sold 725 shares of Applied Materials stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $544.56, for a total value of $394,806.00. Following the completion of the transaction, the chief accounting officer owned 3,181 shares of the company’s stock, valued at approximately $1,732,245.36. The trade was a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 9,225 shares of company stock valued at $4,454,181. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Seaport Research Partners reissued a “buy” rating and issued a $575.00 price target (up from $500.00) on shares of Applied Materials in a report on Friday, August 14th. HSBC decreased their price target on Applied Materials from $683.00 to $641.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Weiss Ratings lowered Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 9th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $700.00 price objective (down from $790.00) on shares of Applied Materials in a research report on Friday, August 14th. Thirty investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $632.70.

Applied Materials Stock Down 4.0%

Shares of NASDAQ AMAT opened at $374.53 on Tuesday. Applied Materials, Inc. has a 52-week low of $203.40 and a 52-week high of $739.67. The firm has a fifty day moving average of $455.30 and a 200-day moving average of $443.98. The stock has a market capitalization of $297.23 billion, a PE ratio of 32.29, a P/E/G ratio of 1.16 and a beta of 1.60. 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 released its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 prior year, the business earned $2.48 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Dividend Announcement

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

Applied Materials 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.