Pettee Investors Inc. Has $847,000 Stake in Applied Materials, Inc. $AMAT

Pettee Investors Inc. raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 83.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,136 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,886 shares during the period. Pettee Investors Inc.’s holdings in Applied Materials were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Marquette Asset Management LLC lifted its holdings in Applied Materials by 150.0% during the 3rd quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Materials during the second quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new position in shares of Applied Materials in the third quarter valued at approximately $31,000. Howard Hughes Medical Institute acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $32,000. Finally, Total Investment Management Inc. bought a new stake in Applied Materials during the 2nd quarter worth approximately $33,000. 80.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total value of $952,960.00. Following the completion of the sale, the senior vice president owned 84,351 shares in the company, valued at approximately $20,095,782.24. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Adam Sanders sold 609 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $255.53, for a total value of $155,617.77. Following the completion of the transaction, the chief accounting officer directly owned 4,413 shares in the company, valued at $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. 0.30% of the stock is owned by insiders.

Applied Materials Stock Performance

Applied Materials stock opened at $328.40 on Tuesday. The company has a market cap of $260.66 billion, a PE ratio of 37.83, a PEG ratio of 2.89 and a beta of 1.70. The company has a current ratio of 2.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $344.60. The company’s 50-day moving average is $283.10 and its two-hundred day moving average is $228.41.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $2.32 earnings per share. Applied Materials’s revenue for the quarter was down 3.5% compared to the same quarter last year. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 19th. Applied Materials’s dividend payout ratio (DPR) is currently 21.20%.

Analysts Set New Price Targets

AMAT has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on Applied Materials from $260.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Applied Materials in a report on Thursday, December 4th. Mizuho set a $370.00 price target on shares of Applied Materials and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. KeyCorp raised their price objective on shares of Applied Materials from $285.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Barclays raised shares of Applied Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $360.00 in a research note on Thursday, January 15th. Twenty-four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $305.68.

Applied Materials Profile

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.