Elevated Capital Advisors LLC Lowers Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

28 Jun 2025, 10:56 by Amy Steele · The Cerbat Gem

Elevated Capital Advisors LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,943 shares of the manufacturing equipment provider’s stock after selling 210 shares during the period. Elevated Capital Advisors LLC’s holdings in Applied Materials were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. Runnymede Capital Advisors Inc. boosted its position in shares of Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Applied Materials during the 4th quarter worth $44,000. Atala Financial Inc purchased a new stake in shares of Applied Materials during the 4th quarter worth $45,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Applied Materials during the 4th quarter worth $46,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Applied Materials during the 4th quarter worth $48,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were 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 now owns 5,300 shares of the company’s stock, valued at $946,580. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary E. Dickerson acquired 50,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $137.30 per share, with a total value of $6,865,000.00. Following the purchase, the chief executive officer now owns 1,716,058 shares in the company, valued at approximately $235,614,763.40. The trade was a 3.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.24% of the company’s stock.

Applied Materials Trading Down 0.2%

Shares of AMAT stock opened at $183.21 on Friday. The firm has a 50-day moving average price of $163.08 and a 200 day moving average price of $163.32. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $255.89. The company has a market capitalization of $147.03 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.04 and a beta of 1.67. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.08. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials declared that its board has approved a share buyback plan on Monday, March 10th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the manufacturing equipment provider to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Applied Materials Announces Dividend

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 paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials’s dividend payout ratio is currently 22.38%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho decreased their target price on shares of Applied Materials from $205.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Stifel Nicolaus decreased their target price on shares of Applied Materials from $235.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Raymond James Financial restated an “outperform” rating and set a $200.00 target price (down from $225.00) on shares of Applied Materials in a research report on Friday, May 16th. Edward Jones upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Applied Materials from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average price target of $200.24.

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