Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Applied Materials, Inc. $AMAT

Mitsubishi UFJ Trust & Banking Corp reduced its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 31.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 444,775 shares of the manufacturing equipment provider’s stock after selling 208,308 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Applied Materials were worth $114,303,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMAT. Marquette Asset Management LLC boosted its position in shares of Applied Materials by 150.0% in the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Applied Materials during the 3rd quarter valued at about $26,000. Highline Wealth Partners LLC raised its stake in Applied Materials by 48.7% in the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after buying an additional 38 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Applied Materials in the third quarter valued at about $31,000. Finally, Guerra Advisors Inc acquired a new stake in Applied Materials in the third quarter worth about $35,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Applied Materials

Here are the key news stories impacting Applied Materials this week:

Applied Materials Price Performance

NASDAQ:AMAT opened at $404.86 on Tuesday. The firm’s fifty day moving average is $367.44 and its two-hundred day moving average is $303.58. The firm has a market cap of $321.30 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 1.86 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.94 and a current ratio of 2.71. Applied Materials, Inc. has a one year low of $144.71 and a one year high of $420.50.

Applied Materials (NASDAQ:AMATGet Free Report) last released its quarterly earnings data on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.88 billion. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $2.38 EPS. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Research analysts expect that Applied Materials, Inc. will post 11.1 EPS for the current year.

Applied Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.5%. Applied Materials’s dividend payout ratio is presently 18.83%.

Insider Transactions at Applied Materials

In other news, Director Judy Bruner sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $391.71, for a total transaction of $979,275.00. Following the sale, the director owned 26,089 shares of the company’s stock, valued at $10,219,322.19. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brice Hill sold 5,000 shares of Applied Materials stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $361.21, for a total transaction of $1,806,050.00. Following the transaction, the chief financial officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,003 shares of company stock valued at $4,484,189 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Applied Materials in a research note on Friday, March 27th. Morgan Stanley lifted their target price on shares of Applied Materials from $420.00 to $432.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Needham & Company LLC boosted their target price on shares of Applied Materials from $390.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Cantor Fitzgerald restated an “overweight” rating and set a $470.00 price target on shares of Applied Materials in a research note on Friday, February 13th. Finally, Mizuho raised their price target on shares of Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $368.29.

View Our Latest Stock Analysis on Applied Materials

About Applied Materials

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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