Applied Materials, Inc. $AMAT Shares Acquired by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 31.4% during the second quarter, HoldingsChannel.com reports. The fund owned 2,089 shares of the manufacturing equipment provider’s stock after acquiring an additional 499 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Applied Materials were worth $382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Runnymede Capital Advisors Inc. grew its holdings in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the 1st quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 during the period. Activest Wealth Management grew its holdings 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 during the period. Finally, Greenline Partners LLC acquired a new stake in shares of Applied Materials in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Up 5.5%

Shares of AMAT opened at $200.52 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $159.74 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77. The stock’s fifty day simple moving average is $176.36 and its 200 day simple moving average is $165.99. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70.

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

Applied Materials Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is 21.93%.

Analysts Set New Price Targets

AMAT has been the topic of a number of research reports. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their target price on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. UBS Group lowered their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Cfra Research upgraded Applied Materials to a “hold” rating in a report on Friday, August 15th. Finally, Cantor Fitzgerald lowered their target price on Applied Materials from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.35.

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.