MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 67,141 Shares of Applied Materials, Inc. $AMAT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 721,808 shares of the manufacturing equipment provider’s stock after acquiring an additional 67,141 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of Applied Materials worth $147,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMAT. Grandfield & Dodd LLC increased its position in Applied Materials by 6.9% in the 3rd quarter. Grandfield & Dodd LLC now owns 269,511 shares of the manufacturing equipment provider’s stock valued at $55,180,000 after acquiring an additional 17,397 shares during the period. First Trust Advisors LP grew its stake in shares of Applied Materials by 4.9% in the third quarter. First Trust Advisors LP now owns 3,101,772 shares of the manufacturing equipment provider’s stock worth $635,057,000 after purchasing an additional 145,050 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Applied Materials by 13,360.6% in the second quarter. Westfield Capital Management Co. LP now owns 694,431 shares of the manufacturing equipment provider’s stock worth $127,129,000 after purchasing an additional 689,272 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in Applied Materials by 21.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 96,712 shares of the manufacturing equipment provider’s stock valued at $19,801,000 after purchasing an additional 17,288 shares during the period. Finally, Canada Post Corp Registered Pension Plan raised its position in Applied Materials by 82.2% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 26,893 shares of the manufacturing equipment provider’s stock worth $5,512,000 after purchasing an additional 12,132 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Adam Sanders sold 534 shares of Applied Materials stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the sale, the chief accounting officer owned 4,625 shares in the company, valued at $1,753,615. The trade was a 10.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brice Hill sold 5,000 shares of the business’s stock in a transaction 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 owned 138,565 shares in the company, valued at $50,051,063.65. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,003 shares of company stock worth $4,484,189. Corporate insiders own 0.30% of the company’s stock.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $346.18 on Tuesday. The business has a 50-day moving average price of $335.72 and a two-hundred day moving average price of $264.45. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year 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. The company has a market cap of $274.73 billion, a P/E ratio of 35.43, a PEG ratio of 1.54 and a beta of 1.65.

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

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.6%. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 21st. Applied Materials’s payout ratio is presently 18.83%.

Analyst Ratings Changes

Several research analysts have commented on AMAT shares. Zacks Research raised Applied Materials from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Wells Fargo & Company increased their price target on Applied Materials from $350.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. TD Cowen raised their price objective on Applied Materials from $315.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus lifted their price objective on Applied Materials from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.46.

Applied Materials Company Profile

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.