Talos Eurisko Asset Management LP Takes $28.79 Million Position in Applied Materials, Inc. $AMAT

Talos Eurisko Asset Management LP acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 140,600 shares of the manufacturing equipment provider’s stock, valued at approximately $28,786,000. Applied Materials accounts for 5.5% of Talos Eurisko Asset Management LP’s holdings, making the stock its 7th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Marquette Asset Management LLC boosted its position in shares of Applied Materials by 150.0% during the third quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock worth $26,000 after buying an additional 75 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in shares of Applied Materials in the 3rd quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new position in Applied Materials during the 2nd quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new position in Applied Materials during the 3rd quarter valued at about $31,000. Finally, Howard Hughes Medical Institute acquired a new position in Applied Materials in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity

In other news, CFO Brice Hill sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total transaction of $1,806,050.00. Following the sale, the chief financial officer owned 138,565 shares of the company’s stock, valued at approximately $50,051,063.65. This trade represents a 3.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judy Bruner sold 3,969 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $377.02, for a total value of $1,496,392.38. Following the sale, the director owned 28,589 shares of the company’s stock, valued at approximately $10,778,624.78. The trade was a 12.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,003 shares of company stock worth $4,484,189. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMAT. Sanford C. Bernstein reissued an “outperform” rating and set a $425.00 price target on shares of Applied Materials in a research report on Friday, February 13th. TD Cowen increased their target price on shares of Applied Materials from $315.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Needham & Company LLC raised their price target on shares of Applied Materials from $390.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Susquehanna upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $180.00 to $400.00 in a research note on Sunday, January 11th. Finally, Stifel Nicolaus increased their price objective on Applied Materials from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $363.46.

Applied Materials Price Performance

Shares of AMAT opened at $357.76 on Thursday. The firm has a market capitalization of $283.92 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.59 and a beta of 1.65. The firm’s fifty day simple moving average is $323.33 and its 200-day simple moving average is $253.74. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $395.95. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.30.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.88 billion. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio is currently 18.83%.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.