State of Alaska Department of Revenue Sells 5,799 Shares of Applied Materials, Inc. $AMAT

State of Alaska Department of Revenue decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 85,557 shares of the manufacturing equipment provider’s stock after selling 5,799 shares during the period. State of Alaska Department of Revenue’s holdings in Applied Materials were worth $17,516,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Maseco LLP bought a new stake in Applied Materials during the second quarter worth approximately $30,000. Financial Gravity Companies Inc. acquired a new stake in shares of Applied Materials in the second quarter worth $31,000. Howard Hughes Medical Institute acquired a new stake in shares of Applied Materials in the second quarter worth $32,000. Total Investment Management Inc. bought a new stake in shares of Applied Materials during the 2nd quarter worth $33,000. Finally, Kilter Group LLC acquired a new position in Applied Materials in the 2nd quarter valued at $36,000. 80.56% of the stock is owned by institutional investors.

Insider Transactions at Applied Materials

In related news, 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 owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. This represents a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 8,609 shares of company stock worth $2,044,898. 0.24% of the stock is currently owned by insiders.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $281.64 on Friday. The firm has a market capitalization of $223.32 billion, a PE ratio of 32.45, a PEG ratio of 3.02 and a beta of 1.67. 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 $298.22. The business’s 50 day moving average is $252.29 and its 200-day moving average is $212.37.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping the consensus estimate of $2.11 by $0.06. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.Applied Materials’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given 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 is Thursday, February 19th. Applied Materials’s payout ratio is 21.20%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Applied Materials in a research report on Tuesday, December 2nd. TD Cowen boosted their price objective on Applied Materials from $260.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company raised their target price on Applied Materials from $255.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $250.00 in a research report on Monday, October 13th. Finally, Cowen reiterated a “buy” rating on shares of Applied Materials in a report on Thursday, December 4th. Twenty-one research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $246.78.

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.