Hyposwiss Advisors SA purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,405 shares of the manufacturing equipment provider’s stock, valued at approximately $361,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in Applied Materials in the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in Applied Materials during the 3rd quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in Applied Materials during the 4th quarter valued at $26,000. Highline Wealth Partners LLC lifted its stake in Applied Materials by 48.7% during the 4th quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after acquiring an additional 38 shares in the last quarter. Finally, Joseph Group Capital Management bought a new position in Applied Materials during the 4th quarter valued at $31,000. 80.56% of the stock is owned by institutional investors and hedge funds.
Applied Materials Stock Performance
Shares of AMAT opened at $592.92 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.80 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $470.75 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 1.58 and a beta of 1.67. The stock has a 50 day moving average of $441.16 and a 200 day moving average of $360.55. Applied Materials, Inc. has a 12 month low of $154.46 and a 12 month high of $623.35.
Applied Materials Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.
Trending Headlines about Applied Materials
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Citi raised its price target on Applied Materials, boosting confidence that AI infrastructure spending and demand for memory-chip manufacturing tools will keep growth strong. Applied Materials surges as Citi lifts target on AI demand boom
- Positive Sentiment: The company unveiled SENZ, an integrated AI/AR smart-glasses visual platform, expanding its story beyond semiconductor equipment into next-generation optics and wearable tech. EssilorLuxottica and Applied Materials Join Forces to Advance Augmented Reality Optics Platforms for Next-Generation Smart Glasses
- Positive Sentiment: Applied Materials and EssilorLuxottica announced a long-term partnership to develop AR and AI smart-eyewear optics, suggesting an additional growth avenue and validating AMAT’s materials expertise. EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
- Positive Sentiment: Multiple reports highlighted record highs and strong momentum for chip-equipment stocks, with AMAT benefiting from the broader AI-driven rally in semiconductor capital equipment. Applied Materials Stock Is One Of the S&P 500 Leaders Today. It’s AI.
Insider Activity at Applied Materials
In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $590.76, for a total value of $5,092,941.96. Following the completion of the sale, the senior vice president directly owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 sold a total of 189,767 shares of company stock valued at $107,769,409 in the last ninety days. Insiders own 0.30% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on AMAT shares. The Goldman Sachs Group raised their price objective on Applied Materials from $390.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Applied Materials in a research note on Friday, March 27th. Erste Group Bank upgraded Applied Materials from a “hold” rating to a “buy” rating in a research note on Monday, April 27th. Citigroup raised their price objective on Applied Materials from $550.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Argus raised their price objective on Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average target price of $489.16.
Read Our Latest Report on AMAT
Applied Materials 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.
Recommended Stories
- Five stocks we like better than Applied Materials
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.
