Bank of New York Mellon Corp Increases Position in Applied Materials, Inc. $AMAT

Bank of New York Mellon Corp increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,264,566 shares of the manufacturing equipment provider’s stock after purchasing an additional 312,875 shares during the period. Bank of New York Mellon Corp owned 1.04% of Applied Materials worth $1,692,087,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Applied Materials in the second quarter valued at about $1,604,002,000. Sanders Capital LLC bought a new stake in Applied Materials during the 2nd quarter valued at approximately $1,409,320,000. Alliancebernstein L.P. lifted its holdings in 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 worth $2,483,183,000 after purchasing an additional 5,700,349 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Applied Materials by 1,704.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider’s stock worth $499,483,000 after purchasing an additional 2,304,369 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Applied Materials by 417.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,732,015 shares of the manufacturing equipment provider’s stock worth $317,053,000 after purchasing an additional 1,397,217 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insider Transactions at Applied Materials

In related news, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president directly owned 84,351 shares in the company, valued at approximately $20,095,782.24. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Adam Sanders sold 609 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the sale, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,609 shares of company stock valued at $2,044,898. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Applied Materials from $285.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. BNP Paribas Exane upgraded shares of Applied Materials to a “hold” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. raised their price objective on Applied Materials from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Craig Hallum reaffirmed a “hold” rating and issued a $190.00 target price on shares of Applied Materials in a report on Friday, November 14th. Finally, Stifel Nicolaus increased their price target on Applied Materials from $250.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued 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 $298.14.

Applied Materials Trading Up 4.1%

Shares of NASDAQ AMAT opened at $332.71 on Wednesday. The stock has a market capitalization of $263.82 billion, a P/E ratio of 38.33, a PEG ratio of 2.86 and a beta of 1.67. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $336.47. The business’s 50 day moving average is $274.73 and its two-hundred day moving average is $224.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business earned $2.32 EPS. 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. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.6%. Applied Materials’s payout ratio is currently 21.20%.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.