Securian Asset Management Inc. Sells 626 Shares of Applied Materials, Inc. $AMAT

Securian Asset Management Inc. trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 42,423 shares of the manufacturing equipment provider’s stock after selling 626 shares during the quarter. Securian Asset Management Inc.’s holdings in Applied Materials were worth $7,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after buying an additional 1,502,995 shares in the last quarter. Amundi increased its position in Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after buying an additional 1,046,635 shares in the last quarter. Nuveen LLC bought a new stake in Applied Materials in the 1st quarter valued at about $1,085,600,000. Deutsche Bank AG increased its position in Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after buying an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after buying an additional 1,691,428 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. KeyCorp boosted their target price on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a report on Friday, August 15th. Daiwa America lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Daiwa Capital Markets reissued a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Finally, TD Cowen decreased their price objective on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.15.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $228.13 on Tuesday. The business’s fifty day simple moving average is $187.67 and its 200 day simple moving average is $175.28. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. The firm has a market capitalization of $181.74 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is presently 21.93%.

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.