MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 156,774 Shares of Applied Materials, Inc. $AMAT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 19.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,667 shares of the manufacturing equipment provider’s stock after selling 156,774 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Applied Materials were worth $119,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Shelton Wealth Management LLC increased its position in Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock worth $622,000 after buying an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC lifted its position in shares of Applied Materials by 0.8% in the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after buying an additional 51 shares during the last quarter. Narus Financial Partners LLC boosted its stake in shares of Applied Materials by 3.8% during the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock worth $262,000 after acquiring an additional 52 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after acquiring an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC raised its stake in Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after acquiring an additional 53 shares during the period. 80.56% of the stock is owned by institutional investors.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $270.11 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $215.18 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.86 and a beta of 1.67. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $276.10. The company has a 50-day simple moving average of $235.85 and a two-hundred day simple moving average of $198.73.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping the consensus estimate of $2.11 by $0.06. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the firm earned $2.32 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Insiders Place Their Bets

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of Applied Materials stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total value of $952,960.00. Following the completion of the transaction, the senior vice president directly owned 84,351 shares of the company’s stock, valued at $20,095,782.24. The trade was a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $255.53, for a total value of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,609 shares of company stock worth $2,044,898. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price objective on shares of Applied Materials in a research report on Tuesday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Applied Materials in a research note on Friday, November 14th. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. KeyCorp upped their price target on shares of Applied Materials from $240.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, BNP Paribas upgraded shares of Applied Materials to a “hold” rating in a research report on Monday, November 17th. Twenty research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.74.

Applied Materials Company Profile

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.