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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 721,808 shares of the manufacturing equipment provider’s stock after buying an additional 67,141 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Applied Materials were worth $147,689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in Applied Materials by 60.7% in the third quarter. Larson Financial Group LLC now owns 121,881 shares of the manufacturing equipment provider’s stock valued at $24,954,000 after acquiring an additional 46,055 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Applied Materials during the third quarter worth approximately $60,000. Junto Capital Management LP bought a new position in shares of Applied Materials in the 3rd quarter worth $51,573,000. Hilltop Holdings Inc. bought a new position in shares of Applied Materials in the 3rd quarter worth $2,868,000. Finally, Holocene Advisors LP acquired a new stake in Applied Materials in the 3rd quarter valued at $339,368,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

AMAT opened at $346.18 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94. The company has a market capitalization of $274.73 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 1.54 and a beta of 1.65. The firm’s fifty day moving average price is $335.72 and its two-hundred day moving average price is $264.45. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $395.95.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.17. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.88 billion. Applied Materials had a net margin of 27.78% and a return on equity of 37.52%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.38 EPS. 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 earnings per share for the current fiscal year.

Applied Materials Increases Dividend

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

Insider Buying and Selling at Applied Materials

In other news, Director Judy Bruner sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $391.71, for a total value of $979,275.00. Following the transaction, the director owned 26,089 shares in the company, valued at $10,219,322.19. The trade was a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Adam Sanders sold 534 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 4,625 shares of the company’s stock, valued at approximately $1,753,615. This represents a 10.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,003 shares of company stock worth $4,484,189. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMAT. DZ Bank upgraded shares of Applied Materials to a “hold” rating in a research note on Monday, February 16th. Needham & Company LLC raised their price objective on shares of Applied Materials from $390.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Morgan Stanley lifted their price objective on shares of Applied Materials from $420.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. BNP Paribas Exane raised shares of Applied Materials to a “hold” rating in a research report on Monday, November 17th. Finally, Jefferies Financial Group raised their price target on shares of Applied Materials from $260.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price 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.