Applied Materials, Inc. $AMAT Shares Sold by Stance Capital LLC

by · The Cerbat Gem

Stance Capital LLC lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 69.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,626 shares of the manufacturing equipment provider’s stock after selling 17,731 shares during the quarter. Stance Capital LLC’s holdings in Applied Materials were worth $1,396,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Applied Materials by 1.0% during the 2nd quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider’s stock valued at $7,125,265,000 after purchasing an additional 391,540 shares in the last quarter. Geode Capital Management LLC boosted its position in Applied Materials by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock valued at $3,836,807,000 after buying an additional 407,282 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Applied Materials by 72.5% during the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after acquiring an additional 5,700,349 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Applied Materials by 13.7% during the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider’s stock worth $1,635,992,000 after acquiring an additional 1,075,525 shares during the last quarter. Finally, Norges Bank purchased a new position in Applied Materials in the second quarter valued at about $1,604,002,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMAT. BNP Paribas upgraded Applied Materials to a “hold” rating in a report on Monday, November 17th. KeyCorp upped their price target 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. DZ Bank raised shares of Applied Materials from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Applied Materials from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, B. Riley reaffirmed a “buy” rating and set a $270.00 target price (up previously from $265.00) on shares of Applied Materials in a report on Friday, November 14th. Twenty analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.74.

Check Out Our Latest Analysis on Applied Materials

Insider Activity

In related news, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 84,351 shares in the company, valued at $20,095,782.24. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Adam Sanders sold 609 shares of the 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 completion of the transaction, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,609 shares of company stock valued at $2,044,898 in the last 90 days. Insiders own 0.24% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $259.21 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $236.68 and its two-hundred day moving average price is $199.70. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $276.10. The stock has a market capitalization of $206.50 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.69 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The business’s quarterly 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. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. Applied Materials’s payout ratio is 21.20%.

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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