iA Global Asset Management Inc. Sells 11,389 Shares of Applied Materials, Inc. $AMAT

iA Global Asset Management Inc. lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,172 shares of the manufacturing equipment provider’s stock after selling 11,389 shares during the period. iA Global Asset Management Inc.’s holdings in Applied Materials were worth $16,508,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Maseco LLP acquired a new stake in shares of Applied Materials in the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares during the period. Activest Wealth Management raised its stake in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares during the period. Disciplina Capital Management LLC raised its stake in shares of Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Greenline Partners LLC acquired a new stake in shares of Applied Materials in the 1st quarter valued at about $39,000. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

AMAT has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Mizuho lifted their price target on Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.96.

Applied Materials Stock Up 0.2%

NASDAQ:AMAT opened at $233.10 on Friday. The firm has a market capitalization of $185.70 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $242.50. The stock’s 50 day moving average price is $198.20 and its two-hundred day moving average price is $180.88. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

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

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s payout ratio is 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.