Alberta Investment Management Corp Reduces Position in Applied Materials, Inc. $AMAT

Alberta Investment Management Corp trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 53.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,800 shares of the manufacturing equipment provider’s stock after selling 8,800 shares during the quarter. Alberta Investment Management Corp’s holdings in Applied Materials were worth $1,428,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AMAT. Geode Capital Management LLC raised its stake in 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 valued at $3,836,807,000 after purchasing an additional 407,282 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Applied Materials by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock valued at $1,455,716,000 after buying an additional 291,358 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares in the last quarter. Sanders Capital LLC acquired a new position in Applied Materials in the 2nd quarter valued at about $1,409,320,000. Finally, Amundi boosted its holdings 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 purchasing an additional 1,046,635 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

NASDAQ AMAT opened at $228.71 on Tuesday. The stock has a market cap of $182.20 billion, a P/E ratio of 27.26, a PEG ratio of 2.95 and a beta of 1.84. The company’s 50-day simple moving average is $213.61 and its 200 day simple moving average is $187.88. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $242.50. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. DZ Bank downgraded Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Barclays raised their price target on shares of Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. TD Cowen decreased their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Cfra Research upgraded Applied Materials to a “hold” rating in a report on Friday, August 15th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $190.00 price objective on shares of Applied Materials in a research report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.74.

About Applied Materials

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.