Ameriprise Financial Inc. Has $1.64 Billion Holdings in Applied Materials, Inc. $AMAT

Ameriprise Financial Inc. grew its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,936,363 shares of the manufacturing equipment provider’s stock after buying an additional 1,075,525 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.11% of Applied Materials worth $1,635,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Maseco LLP bought a new stake in Applied Materials in the second quarter worth approximately $30,000. Activest Wealth Management lifted its stake in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Applied Materials in the second quarter worth $31,000. Howard Hughes Medical Institute acquired a new position in Applied Materials during the second quarter worth $32,000. Finally, Kilter Group LLC bought a new position in Applied Materials during the second quarter valued at about $36,000. Institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup upped their price target on Applied Materials from $205.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. TD Cowen boosted their target price on Applied Materials from $260.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. upped their target price on Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Evercore ISI reissued an “outperform” rating and issued a $290.00 price target on shares of Applied Materials in a research report on Friday, November 14th. Finally, Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. Twenty research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $234.74.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 609 shares of Applied Materials stock in a transaction on Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares in the company, valued at $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Teri A. Little sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the completion of the sale, the senior vice president directly owned 84,351 shares in the company, valued at $20,095,782.24. This trade represents a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,609 shares of company stock worth $2,044,898. 0.24% of the stock is currently owned by company insiders.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $259.21 on Friday. The firm’s 50-day moving average is $236.68 and its 200-day moving average is $199.44. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $276.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61. The company has a market cap of $206.50 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 2.81 and a beta of 1.67.

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 the consensus estimate of $2.11 by $0.06. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the company earned $2.32 earnings per share. The firm’s 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. Equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio (DPR) is presently 21.20%.

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.