NewEdge Advisors LLC Sells 172,636 Shares of Applied Materials, Inc. $AMAT

NewEdge Advisors LLC lowered its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 57.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 126,439 shares of the manufacturing equipment provider’s stock after selling 172,636 shares during the period. NewEdge Advisors LLC’s holdings in Applied Materials were worth $23,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMAT. Maseco LLP acquired a new position in Applied Materials during the 2nd quarter worth about $30,000. Financial Gravity Companies Inc. bought a new position in shares of Applied Materials during the second quarter worth about $31,000. Howard Hughes Medical Institute bought a new position in shares of Applied Materials during the second quarter worth about $32,000. Kilter Group LLC acquired a new position in shares of Applied Materials in the second quarter worth approximately $36,000. Finally, Activest Wealth Management boosted its holdings in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Up 3.0%

Shares of NASDAQ AMAT opened at $275.15 on Thursday. The stock has a market capitalization of $219.20 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.77 and a beta of 1.67. The company has a 50-day moving average price of $234.92 and a 200-day moving average price of $198.23. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $276.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87.

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

Insider Buying and Selling

In related news, SVP Teri A. Little sold 4,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $255.53, for a total value of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This trade represents a 12.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,609 shares of company stock worth $2,044,898 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Daiwa Capital Markets restated a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. UBS Group raised shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $250.00 to $285.00 in a research note on Tuesday, November 25th. DZ Bank raised shares of Applied Materials from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Evercore ISI reissued an “outperform” rating and issued a $290.00 price objective on shares of Applied Materials in a research report on Friday, November 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $250.00 price objective on shares of Applied Materials in a research note on Friday, November 14th. Twenty equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $234.74.

Applied Materials 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.