Parallel Advisors LLC Boosts Holdings in Applied Materials, Inc. $AMAT

Parallel Advisors LLC raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,919 shares of the manufacturing equipment provider’s stock after buying an additional 1,484 shares during the period. Parallel Advisors LLC’s holdings in Applied Materials were worth $3,464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Old Port Advisors increased its position in Applied Materials by 2.5% during the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider’s stock worth $396,000 after buying an additional 66 shares during the period. Silver Oak Securities Incorporated grew its position in shares of Applied Materials by 4.7% during the first quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider’s stock worth $218,000 after acquiring an additional 68 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Applied Materials by 2.8% in the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider’s stock valued at $369,000 after acquiring an additional 69 shares during the period. TCTC Holdings LLC raised its position in Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider’s stock valued at $152,000 after purchasing an additional 70 shares during the last quarter. Finally, Hardy Reed LLC boosted its stake in Applied Materials by 1.0% during the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider’s stock worth $1,063,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the business’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 sale, the chief accounting officer owned 5,300 shares of the company’s stock, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Performance

Shares of AMAT stock opened at $170.93 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $177.39 and a 200-day simple moving average of $164.84. The company has a market cap of $136.17 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.39 and a beta of 1.77. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current 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 issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMAT shares. Redburn Atlantic lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Cantor Fitzgerald dropped their price target on Applied Materials from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Morgan Stanley upped their price objective on Applied Materials from $169.00 to $172.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Monday, July 7th. Finally, Daiwa Capital Markets reissued a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.92.

Applied Materials Company Profile

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.