CenterBook Partners LP increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 324.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,079 shares of the manufacturing equipment provider’s stock after acquiring an additional 27,569 shares during the quarter. Applied Materials makes up 0.8% of CenterBook Partners LP’s portfolio, making the stock its 17th biggest position. CenterBook Partners LP’s holdings in Applied Materials were worth $18,450,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its stake in Applied Materials by 4.3% in the second quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider’s stock valued at $296,000 after acquiring an additional 17 shares during the period. Innovative Asset Advisors Group LLC raised its position in shares of Applied Materials by 2.1% during the second quarter. Innovative Asset Advisors Group LLC now owns 961 shares of the manufacturing equipment provider’s stock worth $695,000 after purchasing an additional 20 shares during the period. Stonebridge Financial Group LLC raised its position in shares of Applied Materials by 2.1% during the second quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider’s stock worth $725,000 after purchasing an additional 21 shares during the period. N.E.W. Advisory Services LLC raised its position in shares of Applied Materials by 5.9% during the second quarter. N.E.W. Advisory Services LLC now owns 377 shares of the manufacturing equipment provider’s stock worth $273,000 after purchasing an additional 21 shares during the period. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Applied Materials by 13.0% during the 2nd quarter. IMG Wealth Management Inc. now owns 183 shares of the manufacturing equipment provider’s stock valued at $132,000 after purchasing an additional 21 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.
More Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: A rally in chip-equipment shares is lifting AMAT ahead of its fiscal fourth-quarter results, scheduled for November 12. The sector move followed Lam Research’s announcement of a $25 billion share buyback. Article: Applied Materials Stocks Rise as Chip Equipment Rallies Ahead of Earnings
- Positive Sentiment: AI-related equipment demand and growth in advanced packaging are cited as longer-term supports for Applied Materials, despite the recent pullback in chip stocks. Article: AMAT Shares Plunge 30% in a Month: Should You Buy, Sell or Hold?
- Neutral Sentiment: The upcoming results are a key near-term catalyst: investors will assess whether demand and equipment-spending expectations hold up in a more cautious investment environment. Article: Applied Materials Stocks Fall Before a Revenue Test
- Negative Sentiment: The rebound follows a sharp chip-stock sell-off, with investors worried that data-center spending could slow; weak Qualcomm guidance added to sector concerns. AMAT also recently faced pressure after an analyst downgrade. Article: Chip Stock Rout Deepens Article: Applied Materials Stock Falls After Analyst Downgrade
Insider Transactions at Applied Materials
In other news, CFO Brice Hill sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $479.25, for a total value of $3,594,375.00. Following the sale, the chief financial officer owned 128,613 shares of the company’s stock, valued at $61,637,780.25. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Judy Bruner sold 1,000 shares of the 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 owned 25,544 shares of the company’s stock, valued at $11,877,960. The trade was a 3.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 over the last 90 days. 0.30% of the stock is owned by corporate insiders.
Applied Materials Stock Up 4.2%
Shares of NASDAQ:AMAT traded up $13.46 during mid-day trading on Friday, reaching $332.71. 9,456,460 shares of the stock were exchanged, compared to its average volume of 7,369,214. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The company has a market cap of $264.04 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.73 and a beta of 1.67. Applied Materials, Inc. has a one year low of $203.40 and a one year high of $739.67. The stock’s 50 day simple moving average is $444.84 and its 200-day simple moving average is $444.66.
Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. Applied Materials’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current year.
Applied Materials Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.53 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials’s dividend payout ratio (DPR) is 18.28%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Needham & Company LLC lowered their target price on Applied Materials from $740.00 to $580.00 and set a “buy” rating for the company in a research note on Friday, October 16th. The Goldman Sachs Group lifted their price target on shares of Applied Materials from $645.00 to $670.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Seaport Research Partners reiterated a “buy” rating and issued a $575.00 price target (up from $500.00) on shares of Applied Materials in a report on Friday, August 14th. Weiss Ratings downgraded shares of Applied Materials from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 9th. Finally, Craig Hallum increased their price objective on shares of Applied Materials from $530.00 to $585.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Thirty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $632.01.
Get Our Latest Stock Analysis on AMAT
Applied Materials Company Profile
Applied Materials, Inc develops and supplies equipment, software and services used to manufacture semiconductors and advanced displays. Its technologies help customers build and process materials at the microscopic scale required for chips and other electronic products.
The company’s offerings include systems for depositing, removing and modifying materials, as well as inspection, measurement and process-control tools. It also provides equipment and services for advanced semiconductor packaging and supports customers with maintenance, upgrades and manufacturing software.
Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers around the world.
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