DSG Capital Advisors LLC Trims Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

01 Jul 2025, 06:20 by Teresa Graham · The Cerbat Gem

DSG Capital Advisors LLC lowered its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 77.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,421 shares of the manufacturing equipment provider’s stock after selling 21,972 shares during the quarter. DSG Capital Advisors LLC’s holdings in Applied Materials were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMAT. Skye Global Management LP purchased a new stake in shares of Applied Materials during the fourth quarter worth $45,862,000. Value Partners Investments Inc. lifted its holdings in Applied Materials by 8.7% during the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider’s stock worth $1,608,000 after purchasing an additional 793 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in Applied Materials during the 1st quarter worth about $230,000. Townsquare Capital LLC boosted its stake in Applied Materials by 15.6% in the 4th quarter. Townsquare Capital LLC now owns 71,577 shares of the manufacturing equipment provider’s stock worth $11,640,000 after purchasing an additional 9,672 shares during the period. Finally, Argentarii LLC purchased a new position in Applied Materials during the 4th quarter valued at about $471,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Down 0.1%

Shares of NASDAQ AMAT opened at $183.07 on Tuesday. The stock has a market capitalization of $146.91 billion, a P/E ratio of 22.27, a PEG ratio of 2.04 and a beta of 1.67. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $255.89. The firm’s 50 day simple moving average is $164.03 and its two-hundred day simple moving average is $163.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.46 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 EPS for the quarter, beating the consensus estimate of $2.31 by $0.08. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.12 billion. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 EPS. As a group, analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials declared that its Board of Directors has initiated a share buyback plan on Monday, March 10th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the manufacturing equipment provider to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 annualized dividend and a dividend yield of 1.01%. Applied Materials’s dividend payout ratio is currently 22.38%.

Insider Transactions at Applied Materials

In related news, CEO Gary E. Dickerson acquired 50,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of $137.30 per share, with a total value of $6,865,000.00. Following the completion of the purchase, the chief executive officer owned 1,716,058 shares in the company, valued at $235,614,763.40. This trade represents a 3.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMAT. Mizuho lowered their price target on shares of Applied Materials from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Wall Street Zen cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Morgan Stanley raised shares of Applied Materials from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $162.00 to $158.00 in a report on Friday, June 6th. Wells Fargo & Company reaffirmed a “mixed” rating on shares of Applied Materials in a report on Friday, May 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Applied Materials in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.24.

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