Proficio Capital Partners LLC Has $3.18 Million Position in Applied Materials, Inc. $AMAT

Proficio Capital Partners LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 235.3% in the second quarter, HoldingsChannel.com reports. The firm owned 4,396 shares of the manufacturing equipment provider’s stock after buying an additional 3,085 shares during the period. Proficio Capital Partners LLC’s holdings in Applied Materials were worth $3,179,000 as of its most recent SEC filing.

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

Insider Activity at Applied Materials

In other Applied Materials news, insider Prabu G. Raja sold 10,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $633.53, for a total transaction of $6,335,300.00. Following the completion of the transaction, the insider directly owned 346,642 shares of the company’s stock, valued at approximately $219,608,106.26. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Omkaram Nalamasu sold 24,263 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $593.43, for a total value of $14,398,392.09. Following the completion of the sale, the senior vice president directly owned 146,916 shares of the company’s stock, valued at $87,184,361.88. This represents a 14.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 284,192 shares of company stock worth $172,625,209 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $458.46 on Tuesday. The company has a market capitalization of $363.83 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. The company’s 50-day moving average is $547.17 and its 200 day moving average is $458.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. Applied Materials, Inc. has a fifty-two week low of $154.46 and a fifty-two week high of $739.67.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 12.76 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. Applied Materials’s dividend payout ratio (DPR) is presently 18.28%.

Analysts Set New Price Targets

A number of brokerages have commented on AMAT. Citigroup reissued a “buy” rating on shares of Applied Materials in a report on Monday, August 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $645.00 target price on shares of Applied Materials in a report on Monday, August 3rd. Craig Hallum lifted their target price on Applied Materials from $530.00 to $585.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Seaport Research Partners reiterated a “buy” rating and set a $575.00 price target on shares of Applied Materials in a report on Friday, August 14th. Finally, Sanford C. Bernstein increased their price target on Applied Materials from $675.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $657.76.

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.