Applied Materials, Inc. $AMAT Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,059 shares of the manufacturing equipment provider’s stock after selling 1,350 shares during the quarter. Applied Materials comprises approximately 2.2% of Shayne & Jacobs LLC’s holdings, making the stock its 9th largest position. Shayne & Jacobs LLC’s holdings in Applied Materials were worth $7,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. bought a new position in Applied Materials in the 2nd quarter worth about $4,005,000. Caldwell Investment Management Ltd. purchased a new position in shares of Applied Materials in the 2nd quarter valued at $1,589,000. CX Institutional grew its stake in Applied Materials by 333.3% in the third quarter. CX Institutional now owns 25,853 shares of the manufacturing equipment provider’s stock valued at $12,631,000 after purchasing an additional 19,886 shares during the last quarter. Evolve Private Wealth LLC raised its stake in shares of Applied Materials by 59.0% during the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Applied Materials by 3.0% during the second quarter. Principal Financial Group Inc. now owns 1,008,591 shares of the manufacturing equipment provider’s stock worth $729,211,000 after purchasing an additional 28,982 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Activity

In other news, CAO Adam Sanders sold 725 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $544.56, for a total value of $394,806.00. Following the completion of the transaction, the chief accounting officer directly owned 3,181 shares in the company, valued at $1,732,245.36. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Judy Bruner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $465.00, for a total value of $465,000.00. Following the completion of the transaction, the director owned 25,544 shares of the company’s stock, valued at approximately $11,877,960. The trade was a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,225 shares of company stock valued at $4,454,181. Company insiders own 0.30% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT opened at $408.94 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.79. The company’s fifty day moving average price is $473.15 and its 200-day moving average price is $487.51. Applied Materials, Inc. has a 1-year low of $203.40 and a 1-year high of $739.67. The firm has a market capitalization of $324.53 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.10. The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 12.79 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, November 19th. Applied Materials’s payout ratio is presently 18.28%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMAT shares. Mizuho dropped their target price on Applied Materials from $650.00 to $590.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. HSBC lowered their price target on Applied Materials from $683.00 to $641.00 and set a “buy” rating for the company in a report on Friday, August 14th. The Goldman Sachs Group boosted their price target on Applied Materials from $645.00 to $670.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. UBS Group boosted their price target on Applied Materials from $675.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Finally, HC Wainwright set a $850.00 price objective on shares of Applied Materials in a report on Monday, June 29th. Thirty research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $632.70.

About Applied Materials

Applied Materials, Inc is a technology company that supplies equipment, services and software used to manufacture semiconductors and advanced displays. Its products help customers fabricate the integrated circuits and other components used in computers, mobile devices, data centers, automobiles and a range of connected technologies.

The company’s offerings include systems for materials engineering, wafer fabrication, inspection and process control, along with equipment and services designed to improve manufacturing productivity and yield.