Jacobi Capital Management LLC Grows Stake in Applied Materials, Inc. $AMAT

Jacobi Capital Management LLC raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,093 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,308 shares during the period. Jacobi Capital Management LLC’s holdings in Applied Materials were worth $3,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in AMAT. Runnymede Capital Advisors Inc. increased its holdings in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 213 shares during the period. Finally, Greenline Partners LLC bought a new position in shares of Applied Materials in the 1st quarter worth $39,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Shares of AMAT stock opened at $163.42 on Thursday. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The firm has a market capitalization of $130.19 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.33 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock’s 50-day simple moving average is $178.66 and its 200-day simple moving average is $164.69.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the firm’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares of the company’s stock, valued at approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Morgan Stanley boosted their target price on shares of Applied Materials from $169.00 to $172.00 and gave the stock an “equal weight” rating in a report on Friday, August 15th. DZ Bank cut shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a report on Friday, August 15th. Redburn Atlantic downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating and cut their price objective for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Finally, Barclays boosted their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $193.88.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.