TSG Advice Partners LLC Buys 1,685 Shares of Applied Materials, Inc. $AMAT

TSG Advice Partners LLC bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,685 shares of the manufacturing equipment provider’s stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMAT. Harborfront Financial Group LLC bought a new position in shares of Applied Materials in the second quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in shares of Applied Materials during the second quarter valued at approximately $33,000. Highland Investment Advisors LLC acquired a new position in shares of Applied Materials during the second quarter valued at approximately $33,000. BOK Financial Private Wealth Inc. bought a new stake in Applied Materials during the second quarter worth approximately $41,000. Finally, Curry Webb Wealth Management LLC bought a new stake in Applied Materials during the third quarter worth approximately $30,000. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMAT. TD Cowen reaffirmed a “buy” rating and set a $700.00 price target on shares of Applied Materials in a research note on Friday, August 14th. Sanford C. Bernstein lifted their price target on Applied Materials from $675.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Berenberg Bank boosted their price objective on Applied Materials from $575.00 to $675.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Stifel Nicolaus upped their price objective on Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $575.00 target price (up from $500.00) on shares of Applied Materials in a research note on Friday, August 14th. Thirty analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $632.70.

Applied Materials Trading Down 4.0%

Shares of NASDAQ AMAT opened at $374.53 on Tuesday. Applied Materials, Inc. has a 12 month low of $203.40 and a 12 month high of $739.67. The company has a market cap of $297.23 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.16 and a beta of 1.60. 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 business has a fifty day simple moving average of $455.30 and a 200-day simple moving average of $443.98.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The firm had revenue of $9.12 billion for the quarter, compared to analysts’ expectations 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 was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Applied Materials’s dividend payout ratio (DPR) is 18.28%.

Insider Transactions at Applied Materials

In related news, Director Judy Bruner sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the sale, the director owned 25,544 shares in the company, valued at approximately $11,877,960. This represents a 3.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Adam Sanders sold 725 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $544.56, for a total transaction of $394,806.00. Following the completion of the transaction, the chief accounting officer directly owned 3,181 shares of the company’s stock, valued at $1,732,245.36. This represents a 18.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,225 shares of company stock valued at $4,454,181 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

About Applied Materials

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.