Applied Materials, Inc. $AMAT Shares Newly Acquired by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. acquired a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,902 shares of the manufacturing equipment provider’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mid American Wealth Advisory Group Inc. raised its holdings in Applied Materials by 28.8% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 774 shares of the manufacturing equipment provider’s stock worth $396,000 after acquiring an additional 173 shares in the last quarter. Magnus Financial Group LLC boosted its position in Applied Materials by 10.2% during the third quarter. Magnus Financial Group LLC now owns 918 shares of the manufacturing equipment provider’s stock valued at $469,000 after purchasing an additional 85 shares during the last quarter. Eagle Rock Investment Company LLC grew its stake in Applied Materials by 2.2% in the third quarter. Eagle Rock Investment Company LLC now owns 21,966 shares of the manufacturing equipment provider’s stock valued at $11,233,000 after purchasing an additional 469 shares in the last quarter. AMG Asset Management Group Inc. grew its stake in Applied Materials by 80.7% in the third quarter. AMG Asset Management Group Inc. now owns 2,615 shares of the manufacturing equipment provider’s stock valued at $1,337,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Applied Materials by 10.8% in the third quarter. Crossmark Global Holdings Inc. now owns 49,442 shares of the manufacturing equipment provider’s stock valued at $25,284,000 after purchasing an additional 4,816 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling

In other Applied Materials news, CFO Brice Hill sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $479.25, for a total transaction of $3,594,375.00. Following the completion of the sale, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judy Bruner sold 1,000 shares of Applied Materials stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total transaction of $465,000.00. Following the transaction, the director directly owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. This trade represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,225 shares of company stock valued at $4,454,181. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMAT. Berenberg Bank boosted their price target on Applied Materials from $575.00 to $675.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. KeyCorp increased their price objective on Applied Materials from $550.00 to $750.00 and gave the company an “overweight” rating in a report on Monday, June 29th. HSBC decreased their target price on shares of Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Erste Group Bank downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Applied Materials in a report on Tuesday. Thirty investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $632.70.

Applied Materials Trading Up 1.0%

Applied Materials stock opened at $408.94 on Thursday. The stock has a 50-day simple moving average of $473.15 and a 200 day simple moving average of $487.51. The stock has a market capitalization of $324.53 billion, a P/E ratio of 35.25, a PEG ratio of 1.13 and a beta of 1.60. 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 52 week low of $203.40 and a 52 week high of $739.67.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $8.99 billion. During the same quarter in the prior year, the company earned $2.48 earnings per share. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Analysts expect that Applied Materials, Inc. will post 12.79 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.5%. Applied Materials’s payout ratio is presently 18.28%.

Applied Materials Company 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.