Concord Asset Management LLC VA Has $2.31 Million Stake in Applied Materials, Inc. $AMAT

Concord Asset Management LLC VA raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 12,601 shares of the manufacturing equipment provider’s stock after purchasing an additional 89 shares during the period. Concord Asset Management LLC VA’s holdings in Applied Materials were worth $2,307,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares in the last quarter. Amundi increased its stake in shares of Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after acquiring an additional 1,046,635 shares in the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials in the 1st quarter valued at $1,085,600,000. Deutsche Bank AG increased its stake in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after acquiring an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after acquiring an additional 1,691,428 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

AMAT has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research note on Wednesday, October 8th. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. Daiwa Capital Markets restated a “neutral” rating and set a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Mizuho restated a “neutral” rating and set a $175.00 price target (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Finally, Bank of America restated a “neutral” rating and set a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $200.50.

Applied Materials Stock Performance

NASDAQ AMAT opened at $209.95 on Monday. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49. 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 firm has a market cap of $167.25 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82. The company has a fifty day moving average price of $182.60 and a 200-day moving average price of $171.79.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during 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 business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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