Riverpark Capital Management LLC Sells 422 Shares of Applied Materials, Inc. $AMAT

Riverpark Capital Management LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,902 shares of the manufacturing equipment provider’s stock after selling 422 shares during the quarter. Applied Materials accounts for approximately 1.8% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Riverpark Capital Management LLC’s holdings in Applied Materials were worth $1,080,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMAT. Maseco LLP bought a new stake in shares of Applied Materials in the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd increased its position in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 174 shares during the last quarter. Activest Wealth Management raised its stake in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of Applied Materials during the 2nd quarter worth approximately $31,000. Finally, Disciplina Capital Management LLC raised its stake in Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling at Applied Materials

In related news, SVP Teri A. Little sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $234.08, for a total transaction of $936,320.00. Following the sale, the senior vice president owned 88,351 shares in the company, valued at approximately $20,681,202.08. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

Applied Materials Trading Up 5.0%

Shares of NASDAQ:AMAT opened at $242.46 on Wednesday. The company has a market capitalization of $193.15 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.95 and a beta of 1.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The business’s 50 day simple moving average is $220.98 and its 200 day simple moving average is $191.03. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $244.62.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.During the same quarter in the prior year, the business posted $2.32 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.20%.

Wall Street Analyst Weigh In

A number of research firms have commented on AMAT. Morgan Stanley decreased their price objective on shares of Applied Materials from $256.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of Applied Materials in a research note on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Wolfe Research lowered their target price on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Finally, BNP Paribas upgraded Applied Materials to a “hold” rating in a research note on Monday, November 17th. Twenty equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.04.

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.