Pallas Capital Advisors LLC Acquires 806 Shares of Applied Materials, Inc. $AMAT

Pallas Capital Advisors LLC raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 10.8% during the second quarter, Holdings Channel reports. The firm owned 8,236 shares of the manufacturing equipment provider’s stock after buying an additional 806 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Applied Materials were worth $1,508,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. lifted its holdings in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in shares of Applied Materials in the 1st quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Activest Wealth Management raised its position 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 worth $31,000 after acquiring an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC grew its stake in Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 130 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

NASDAQ AMAT opened at $189.76 on Friday. The business’s fifty day moving average is $176.45 and its 200 day moving average is $165.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The company has a market capitalization of $151.17 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is presently 21.93%.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald reduced their price target on Applied Materials from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 15th. DZ Bank cut shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target for the company. in a research report on Friday, August 15th. Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. The Goldman Sachs Group initiated coverage on Applied Materials in a research note on Thursday, July 10th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, Bank of America reissued a “neutral” rating and issued a $180.00 target price (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $192.92.

About Applied Materials

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.