Applied Materials, Inc. $AMAT Shares Sold by Howard Capital Management Inc.

by · The Cerbat Gem

Howard Capital Management Inc. reduced its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,656 shares of the manufacturing equipment provider’s stock after selling 1,121 shares during the quarter. Howard Capital Management Inc.’s holdings in Applied Materials were worth $4,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 23.6% during the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the last quarter. Amundi lifted its stake in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after buying an additional 1,046,635 shares during the period. Nuveen LLC purchased a new position in shares of Applied Materials during the first quarter valued at approximately $1,085,600,000. Deutsche Bank AG boosted its position in Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after acquiring an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $231.33 on Tuesday. The firm has a market capitalization of $184.29 billion, a PE ratio of 27.57, a P/E/G ratio of 2.86 and a beta of 1.82. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $235.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The business has a 50-day moving average of $192.53 and a two-hundred day moving average of $178.39.

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

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is presently 21.93%.

Analyst Ratings Changes

A number of brokerages have weighed in on AMAT. Weiss Ratings reissued a “hold (c)” rating on shares of Applied Materials in a research note on Wednesday, October 8th. Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $250.00 in a research note on Monday, October 13th. Cfra Research raised shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company increased their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $209.15.

View Our Latest Report on Applied Materials

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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