HB Wealth Management LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 24.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,805 shares of the manufacturing equipment provider’s stock after purchasing an additional 5,413 shares during the quarter. HB Wealth Management LLC’s holdings in Applied Materials were worth $5,090,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Venture Visionary Partners LLC boosted its position in Applied Materials by 3.4% during the second quarter. Venture Visionary Partners LLC now owns 11,151 shares of the manufacturing equipment provider’s stock valued at $2,041,000 after purchasing an additional 370 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its position in Applied Materials by 14.1% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,900 shares of the manufacturing equipment provider’s stock valued at $348,000 after purchasing an additional 235 shares during the last quarter. SWS Partners boosted its position in Applied Materials by 3.1% during the second quarter. SWS Partners now owns 5,829 shares of the manufacturing equipment provider’s stock valued at $1,067,000 after purchasing an additional 176 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in Applied Materials by 142.8% during the second quarter. Wolff Wiese Magana LLC now owns 4,075 shares of the manufacturing equipment provider’s stock valued at $746,000 after purchasing an additional 2,397 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Applied Materials during the second quarter valued at approximately $246,000. 80.56% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on AMAT shares. Barclays increased their price target on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Cantor Fitzgerald reduced their price target on Applied Materials from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Stifel Nicolaus reduced their price target on Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, August 15th. KeyCorp raised their price objective on Applied Materials from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Finally, DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $194.15.
Applied Materials Price Performance
Shares of NASDAQ AMAT opened at $204.73 on Wednesday. The firm has a market cap of $163.10 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.92 and a beta of 1.77. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70. The business’s 50 day moving average is $177.54 and its 200-day moving average is $168.06.
Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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 return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue 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. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid 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 dividend yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is 21.93%.
Applied Materials Profile
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.
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