New York State Teachers Retirement System Has $132.93 Million Holdings in Applied Materials, Inc. $AMAT

New York State Teachers Retirement System decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 649,270 shares of the manufacturing equipment provider’s stock after selling 14,471 shares during the period. New York State Teachers Retirement System’s holdings in Applied Materials were worth $132,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sunflower Bank N.A. boosted its stake in shares of Applied Materials by 1.4% during the 3rd quarter. Sunflower Bank N.A. now owns 3,287 shares of the manufacturing equipment provider’s stock worth $673,000 after buying an additional 46 shares during the last quarter. Welch Group LLC boosted its position in Applied Materials by 3.0% during the third quarter. Welch Group LLC now owns 1,741 shares of the manufacturing equipment provider’s stock valued at $356,000 after purchasing an additional 50 shares during the last quarter. Shelton Wealth Management LLC boosted its position in Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC grew its stake in Applied Materials by 0.8% in the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after purchasing an additional 51 shares in the last quarter. Finally, Everpar Advisors LLC increased its position in shares of Applied Materials by 1.5% during the 3rd quarter. Everpar Advisors LLC now owns 3,359 shares of the manufacturing equipment provider’s stock worth $688,000 after purchasing an additional 51 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $255.53, for a total value of $155,617.77. Following the transaction, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This represents a 12.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Teri A. Little sold 4,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total value of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares in the company, valued at $20,095,782.24. The trade was a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,609 shares of company stock valued at $2,044,898 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMAT shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of Applied Materials in a report on Tuesday, December 16th. Weiss Ratings upgraded shares of Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Evercore ISI reissued an “outperform” rating and issued a $290.00 price objective on shares of Applied Materials in a research report on Friday, November 14th. KeyCorp upped their target price on shares of Applied Materials from $240.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Twenty-one equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $250.11.

Applied Materials Stock Performance

Shares of AMAT stock opened at $301.18 on Friday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $302.78. The company has a market capitalization of $238.82 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 3.12 and a beta of 1.67. The company has a 50-day simple moving average of $253.65 and a 200 day simple moving average of $213.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.06. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio (DPR) is presently 21.20%.

Applied Materials Company 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.