Applied Materials, Inc. $AMAT Shares Acquired by Investment Management Corp of Ontario

by · The Markets Daily

Investment Management Corp of Ontario increased its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 65.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,613 shares of the manufacturing equipment provider’s stock after acquiring an additional 27,992 shares during the period. Investment Management Corp of Ontario’s holdings in Applied Materials were worth $12,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMAT. Maseco LLP acquired a new position in shares of Applied Materials during the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. acquired a new position in shares of Applied Materials during the 2nd quarter valued at $31,000. Howard Hughes Medical Institute bought a new stake in shares of Applied Materials in the 2nd quarter worth $32,000. Kilter Group LLC acquired a new stake in shares of Applied Materials in the second quarter valued at $36,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares during the period. 80.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMAT has been the subject of a number of research analyst reports. Craig Hallum reissued a “hold” rating and issued a $190.00 price target on shares of Applied Materials in a report on Friday, November 14th. UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and raised their target price for the stock from $250.00 to $285.00 in a report on Tuesday, November 25th. Citigroup upped their price target on Applied Materials from $205.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Applied Materials in a research report on Tuesday, December 2nd. Finally, Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Twenty analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.74.

Check Out Our Latest Analysis on AMAT

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 609 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total value of $155,617.77. Following the transaction, the chief accounting officer owned 4,413 shares in the company, valued at $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total value of $952,960.00. Following the completion of the transaction, the senior vice president directly owned 84,351 shares in the company, valued at approximately $20,095,782.24. The trade was a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,609 shares of company stock worth $2,044,898 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

Applied Materials Price Performance

Shares of AMAT opened at $268.16 on Tuesday. The business’s 50-day moving average is $232.52 and its 200-day moving average is $196.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87. The company has a market capitalization of $213.63 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.79 and a beta of 1.67. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $273.59.

Applied Materials (NASDAQ:AMAT – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping the consensus estimate of $2.11 by $0.06. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. Applied Materials’s dividend payout ratio is 21.20%.

Applied Materials Company Profile

(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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