Landscape Capital Management L.L.C. Sells 10,410 Shares of Applied Materials, Inc. $AMAT

Landscape Capital Management L.L.C. reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 50.7% in the second quarter, Holdings Channel.com reports. The fund owned 10,129 shares of the manufacturing equipment provider’s stock after selling 10,410 shares during the period. Applied Materials makes up about 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 27th largest position. Landscape Capital Management L.L.C.’s holdings in Applied Materials were worth $7,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new stake in shares of Applied Materials in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new position in shares of Applied Materials in the fourth quarter worth $26,000. Harborfront Financial Group LLC bought a new position in shares of Applied Materials during the second quarter valued at $27,000. Financial Freedom LLC bought a new position in shares of Applied Materials during the first quarter valued at $28,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Applied Materials during the fourth quarter valued at $31,000. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Applied Materials from $540.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $605.00 target price on shares of Applied Materials in a research note on Friday, August 14th. Citigroup reiterated a “buy” rating on shares of Applied Materials in a research note on Monday, August 3rd. Erste Group Bank cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Applied Materials in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average target price of $659.83.

Applied Materials Stock Down 1.7%

Applied Materials stock opened at $484.19 on Tuesday. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $739.67. The stock has a fifty day moving average of $560.64 and a 200 day moving average of $453.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.79 and a current ratio of 2.42. The stock has a market cap of $384.25 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm posted $2.48 earnings per share. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, sell-side analysts predict that Applied Materials, Inc. will post 12.73 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Applied Materials’s payout ratio is 18.28%.

Insider Activity at Applied Materials

In other Applied Materials news, Director Thomas J. Iannotti sold 9,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares of the company’s stock, valued at approximately $24,326,071.43. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy M. Deane sold 8,621 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the transaction, the senior vice president owned 134,631 shares in the company, valued at $79,534,609.56. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 276,692 shares of company stock valued at $169,030,834 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.