Perigon Wealth Management LLC Raises Stock Position in Applied Materials, Inc. $AMAT

Perigon Wealth Management LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,806 shares of the manufacturing equipment provider’s stock after purchasing an additional 227 shares during the period. Perigon Wealth Management LLC’s holdings in Applied Materials were worth $4,541,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMAT. Maseco LLP purchased a new position in shares of Applied Materials during the second quarter valued at $30,000. Runnymede Capital Advisors Inc. lifted its stake 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 acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials during the 1st quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management raised 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 valued at $31,000 after purchasing an additional 213 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMAT shares. JPMorgan Chase & Co. increased their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Citigroup reduced their price target on Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, August 15th. KeyCorp upped their price objective on Applied Materials from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Bank of America reiterated a “neutral” rating and issued a $180.00 target price (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.15.

Applied Materials Stock Down 0.9%

Applied Materials stock opened at $199.60 on Friday. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70. The business has a fifty day moving average price of $176.67 and a 200-day moving average price of $166.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a market capitalization of $159.01 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.87 and a beta of 1.77.

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

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is 21.93%.

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.