Torray Investment Partners LLC Has $246,000 Stock Position in Applied Materials, Inc. $AMAT

Torray Investment Partners LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 96.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,200 shares of the manufacturing equipment provider’s stock after selling 30,420 shares during the period. Torray Investment Partners LLC’s holdings in Applied Materials were worth $246,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMAT. Brighton Jones LLC increased its holdings in Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. Teza Capital Management LLC bought a new position in shares of Applied Materials in the 1st quarter valued at about $313,000. Kestra Investment Management LLC grew its position in shares of Applied Materials by 63.8% in the 1st quarter. Kestra Investment Management LLC now owns 5,834 shares of the manufacturing equipment provider’s stock valued at $847,000 after acquiring an additional 2,273 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Applied Materials by 10.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 7,975 shares of the manufacturing equipment provider’s stock worth $1,157,000 after purchasing an additional 733 shares during the last quarter. Finally, Sciencast Management LP raised its holdings in shares of Applied Materials by 600.6% in the 1st quarter. Sciencast Management LP now owns 24,983 shares of the manufacturing equipment provider’s stock valued at $3,626,000 after purchasing an additional 21,417 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $250.00 price target on shares of Applied Materials in a report on Friday, November 14th. JPMorgan Chase & Co. raised their price objective on Applied Materials from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $250.00 target price on shares of Applied Materials in a research note on Friday, November 14th. Stifel Nicolaus boosted their target price on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Jefferies Financial Group raised their price target on Applied Materials from $260.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 15th. Twenty-one analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.78.

Insider Transactions at Applied Materials

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares in the company, valued at $20,095,782.24. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Adam Sanders sold 609 shares of Applied Materials stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the sale, the chief accounting officer owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,609 shares of company stock valued at $2,044,898 in the last three months. Insiders own 0.24% of the company’s stock.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $284.32 on Tuesday. The firm has a market cap of $225.45 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 2.78 and a beta of 1.67. The business’s 50 day moving average is $248.81 and its 200-day moving average is $210.43. The company has a current ratio of 2.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $287.74.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a $0.46 dividend. The ex-dividend date is Thursday, February 19th. This represents a $1.84 annualized dividend and a yield of 0.6%. Applied Materials’s payout ratio is 21.20%.

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.