Intact Investment Management Inc. Sells 4,800 Shares of Applied Materials, Inc. $AMAT

Intact Investment Management Inc. reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,300 shares of the manufacturing equipment provider’s stock after selling 4,800 shares during the quarter. Intact Investment Management Inc.’s holdings in Applied Materials were worth $4,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMAT. IFG Advisory LLC lifted its stake in shares of Applied Materials by 1,008.1% in the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider’s stock worth $6,619,000 after purchasing an additional 32,893 shares during the period. Grandfield & Dodd LLC increased its holdings in Applied Materials by 6.9% during the third quarter. Grandfield & Dodd LLC now owns 269,511 shares of the manufacturing equipment provider’s stock valued at $55,180,000 after buying an additional 17,397 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in Applied Materials by 23.0% in the second quarter. Atlantic Union Bankshares Corp now owns 12,643 shares of the manufacturing equipment provider’s stock worth $2,315,000 after acquiring an additional 2,363 shares during the period. Sienna Gestion boosted its stake in shares of Applied Materials by 10.2% during the 2nd quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider’s stock worth $18,924,000 after acquiring an additional 10,468 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Applied Materials by 31.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 145,277 shares of the manufacturing equipment provider’s stock valued at $26,601,000 after acquiring an additional 35,012 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMAT. Evercore ISI reaffirmed an “outperform” rating and issued a $290.00 target price on shares of Applied Materials in a report on Friday, November 14th. DZ Bank upgraded Applied Materials from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Wells Fargo & Company lifted their price objective on Applied Materials from $290.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Craig Hallum reiterated a “hold” rating and set a $190.00 price objective on shares of Applied Materials in a research note on Friday, November 14th. Finally, Bank of America increased their target price on shares of Applied Materials from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.75.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction dated 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 directly owned 4,413 shares in the company, valued at approximately $1,127,653.89. This represents a 12.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Teri A. Little sold 4,000 shares of the 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 completion of the transaction, the senior vice president directly owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. The trade was a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,609 shares of company stock valued at $2,044,898 in the last quarter. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Down 0.9%

AMAT opened at $319.46 on Tuesday. The company has a market capitalization of $253.31 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 3.34 and a beta of 1.67. The firm has a 50-day simple moving average of $272.58 and a two-hundred day simple moving average of $223.62. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $333.03.

Applied Materials (NASDAQ:AMAT) last posted 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. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm 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 yield of 0.6%. Applied Materials’s dividend payout ratio is presently 21.20%.

Applied Materials Company 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.