1,452 Shares in Applied Materials, Inc. $AMAT Purchased by Patton Fund Management Inc.

Patton Fund Management Inc. purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,452 shares of the manufacturing equipment provider’s stock, valued at approximately $266,000.

Other hedge funds also recently bought and sold shares of the company. Maseco LLP acquired a new stake in Applied Materials in the 2nd quarter valued at about $30,000. Runnymede Capital Advisors Inc. raised its holdings in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the 1st quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in 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 valued at $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in 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 acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMAT shares. Bank of America reissued a “neutral” rating and issued a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Stifel Nicolaus dropped their price target on shares of Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Daiwa Capital Markets reissued a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, August 15th. Finally, Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.15.

Applied Materials Price Performance

Applied Materials stock opened at $203.92 on Friday. The firm has a market cap of $162.45 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.77. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $176.94 and its two-hundred day moving average is $167.33.

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

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. 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 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.