RiverPark Advisors LLC Decreases Position in Applied Materials, Inc. $AMAT

RiverPark Advisors LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.4% in the second quarter, HoldingsChannel reports. The firm owned 7,913 shares of the manufacturing equipment provider’s stock after selling 545 shares during the period. RiverPark Advisors LLC’s holdings in Applied Materials were worth $1,449,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Choreo LLC boosted its position in Applied Materials by 10.9% during the second quarter. Choreo LLC now owns 25,167 shares of the manufacturing equipment provider’s stock worth $4,607,000 after acquiring an additional 2,480 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of Applied Materials by 7.0% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 186,224 shares of the manufacturing equipment provider’s stock valued at $34,092,000 after purchasing an additional 12,171 shares during the last quarter. Russell Investments Group Ltd. grew its position in Applied Materials by 65.2% during the second quarter. Russell Investments Group Ltd. now owns 1,274,596 shares of the manufacturing equipment provider’s stock valued at $233,365,000 after acquiring an additional 502,985 shares during the period. MIG Capital LLC raised its holdings in Applied Materials by 316.1% in the second quarter. MIG Capital LLC now owns 15,157 shares of the manufacturing equipment provider’s stock valued at $2,775,000 after buying an additional 11,514 shares during the period. Finally, Maia Wealth LLC boosted its position in Applied Materials by 109.4% during the 2nd quarter. Maia Wealth LLC now owns 9,450 shares of the manufacturing equipment provider’s stock worth $1,730,000 after purchasing an additional 4,938 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

AMAT stock opened at $242.46 on Wednesday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $244.62. The firm has a 50-day moving average of $220.98 and a two-hundred day moving average of $191.03. The firm has a market capitalization of $193.15 billion, a PE ratio of 28.90, a P/E/G ratio of 2.95 and a beta of 1.84. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. During the same quarter last year, the company earned $2.32 EPS. Applied Materials’s revenue for the quarter was down 3.5% compared to the same quarter last year. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is currently 21.20%.

Insider Buying and Selling

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $234.08, for a total value of $936,320.00. Following the transaction, the senior vice president owned 88,351 shares in the company, valued at $20,681,202.08. The trade was a 4.33% 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. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMAT. Morgan Stanley dropped their price target on shares of Applied Materials from $256.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Bank of America raised shares of Applied Materials from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $250.00 in a report on Monday, October 13th. Citigroup boosted their target price on shares of Applied Materials from $205.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. KeyCorp upped their price target on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, TD Cowen cut their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Twenty investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.04.

About Applied Materials

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.