waypoint wealth counsel Buys 774 Shares of Applied Materials, Inc. $AMAT

waypoint wealth counsel increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 40.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,676 shares of the manufacturing equipment provider’s stock after acquiring an additional 774 shares during the quarter. waypoint wealth counsel’s holdings in Applied Materials were worth $490,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Shelton Wealth Management LLC boosted its position in Applied Materials by 1.5% in the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after buying an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC boosted its holdings in Applied Materials by 0.8% in the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after acquiring an additional 51 shares during the last quarter. Narus Financial Partners LLC boosted its stake in shares of Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 52 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Applied Materials by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after purchasing an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its stake in shares of Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after purchasing an additional 53 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Trading Down 4.7%

Shares of NASDAQ AMAT opened at $209.95 on Friday. The company’s fifty day moving average is $182.60 and its 200-day moving average is $171.62. 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 stock has a market cap of $167.25 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 2.75 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49.

Applied Materials (NASDAQ:AMAT) last posted 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 firm 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 company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $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 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is 21.93%.

Analyst Ratings Changes

AMAT has been the topic of a number of recent research reports. Mizuho reaffirmed a “neutral” rating and issued a $175.00 price objective (down from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. TD Cowen lowered their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $172.00 to $209.00 in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. raised their price target on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, August 15th. Seventeen research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.50.

Applied Materials Company 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.