Shayne & Jacobs LLC Sells 1,350 Shares of Applied Materials, Inc. $AMAT

Shayne & Jacobs LLC lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,059 shares of the manufacturing equipment provider’s stock after selling 1,350 shares during the period. Applied Materials makes up 2.2% of Shayne & Jacobs LLC’s holdings, making the stock its 9th biggest position. Shayne & Jacobs LLC’s holdings in Applied Materials were worth $7,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $4,005,000. Caldwell Investment Management Ltd. acquired a new stake in Applied Materials during the second quarter worth about $1,589,000. CX Institutional grew its holdings in Applied Materials by 333.3% during the third quarter. CX Institutional now owns 25,853 shares of the manufacturing equipment provider’s stock worth $12,631,000 after acquiring an additional 19,886 shares during the period. Evolve Private Wealth LLC grew its holdings in Applied Materials by 59.0% during the first quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after acquiring an additional 1,067 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Applied Materials by 3.0% during the second quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock worth $729,211,000 after acquiring an additional 28,982 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Judy Bruner sold 1,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 25,544 shares in the company, valued at $11,877,960. The trade was a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Adam Sanders sold 725 shares of the business’s 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 sale, the chief accounting officer owned 3,181 shares of the company’s stock, valued at $1,732,245.36. This trade represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 9,225 shares of company stock worth $4,454,181. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMAT has been the subject of several recent research reports. Berenberg Bank lifted their price target on Applied Materials from $575.00 to $675.00 and gave the company a “buy” rating in a research report on Monday, August 17th. B. Riley Financial restated 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. Evercore set a $590.00 price objective on Applied Materials in a research report on Thursday, October 15th. Stifel Nicolaus raised their price objective on shares of Applied Materials from $530.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Craig Hallum lifted their target price on shares of Applied Materials from $530.00 to $585.00 and gave the company a “buy” rating in a report on Friday, August 14th. Thirty analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $632.70.

Applied Materials Trading Up 1.0%

AMAT stock opened at $408.94 on Thursday. The company’s 50-day simple moving average is $473.15 and its 200-day simple moving average is $487.51. 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, Inc. has a 52-week low of $203.40 and a 52-week high of $739.67. The firm has a market cap of $324.53 billion, a P/E ratio of 35.25, a PEG ratio of 1.13 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The firm had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the firm earned $2.48 EPS. The company’s quarterly 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. As a group, equities analysts forecast that Applied Materials, Inc. will post 12.79 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. 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.