Public Sector Pension Investment Board Has $30.57 Million Stake in Applied Materials, Inc. $AMAT

Public Sector Pension Investment Board cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 22.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,981 shares of the manufacturing equipment provider’s stock after selling 48,962 shares during the quarter. Public Sector Pension Investment Board’s holdings in Applied Materials were worth $30,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in Applied Materials by 1.0% in the second quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider’s stock valued at $7,125,265,000 after acquiring an additional 391,540 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Applied Materials by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock worth $3,836,807,000 after purchasing an additional 407,282 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Applied Materials by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock valued at $2,483,183,000 after purchasing an additional 5,700,349 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 13.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider’s stock valued at $1,635,992,000 after purchasing an additional 1,075,525 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Applied Materials during the second quarter worth $1,604,002,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Down 4.0%

NASDAQ AMAT opened at $259.21 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. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $276.10. The business has a 50 day moving average price of $236.68 and a 200-day moving average price of $199.70. The company has a market cap of $206.50 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.69 and a beta of 1.67.

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

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, February 19th. Applied Materials’s dividend payout ratio is currently 21.20%.

Insider Activity

In other news, CAO Adam Sanders sold 609 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $255.53, for a total value of $155,617.77. Following the transaction, the chief accounting officer owned 4,413 shares in the company, valued at $1,127,653.89. This trade represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Teri A. Little sold 4,000 shares of the company’s 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 sale, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This trade represents a 4.53% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,609 shares of company stock worth $2,044,898. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Applied Materials from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. BNP Paribas upgraded Applied Materials to a “hold” rating in a research report on Monday, November 17th. Citigroup lifted their target price on Applied Materials from $205.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. JPMorgan Chase & Co. increased their price target on Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Craig Hallum reiterated a “hold” rating and issued a $190.00 price objective on shares of Applied Materials in a research note on Friday, November 14th. Twenty research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $234.74.

Applied Materials 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.