MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 110,610 Shares of Applied Materials, Inc. $AMAT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 15.8% during the first quarter, Holdings Channel.com reports. The fund owned 811,441 shares of the manufacturing equipment provider’s stock after purchasing an additional 110,610 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Applied Materials were worth $117,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. boosted its stake in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of Applied Materials during the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Activest Wealth Management boosted its position in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in shares of Applied Materials during the first quarter worth $39,000. 80.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMAT has been the topic of a number of recent analyst reports. Daiwa Capital Markets reissued a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Citigroup reduced their price target on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Rothschild & Co Redburn cut shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Monday, July 7th. Redburn Atlantic lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Finally, The Goldman Sachs Group started coverage on shares of Applied Materials in a report on Thursday, July 10th. They set a “buy” rating and a $225.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.88.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Applied Materials Stock Up 1.3%

Shares of AMAT stock opened at $158.24 on Friday. 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, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70. The firm’s fifty day moving average price is $180.43 and its two-hundred day moving average price is $164.98. The firm has a market capitalization of $126.06 billion, a P/E ratio of 18.86, a PEG ratio of 2.23 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the business earned $2.12 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 21st. Applied Materials’s payout ratio is presently 21.93%.

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.