Applied Materials, Inc. $AMAT Shares Sold by HBK Sorce Advisory LLC

by · The Cerbat Gem

HBK Sorce Advisory LLC lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,567 shares of the manufacturing equipment provider’s stock after selling 76 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Applied Materials were worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its holdings in Applied Materials by 9.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider’s stock valued at $14,129,000 after purchasing an additional 6,704 shares during the last quarter. Avity Investment Management Inc. raised its position in shares of Applied Materials by 4.1% during the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after buying an additional 8,680 shares during the period. World Investment Advisors lifted its holdings in Applied Materials by 83.3% in the second quarter. World Investment Advisors now owns 77,171 shares of the manufacturing equipment provider’s stock valued at $14,128,000 after acquiring an additional 35,077 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Applied Materials by 12.7% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock valued at $3,867,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its holdings in Applied Materials by 311.2% in the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after acquiring an additional 9,781 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 1.4%

AMAT opened at $232.55 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50. The business’s 50-day simple moving average is $196.79 and its 200-day simple moving average is $180.02. The stock has a market capitalization of $185.26 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.95 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the company earned $2.12 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMAT. TD Cowen cut their target price on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Summit Insights lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. UBS Group decreased their target price on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Rothschild & Co Redburn lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Monday, July 7th. Finally, Barclays lifted their price target on shares of Applied Materials from $170.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.15.

Read Our Latest Research Report on AMAT

About Applied Materials

(Free Report)

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.

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