Hazlett Burt & Watson Inc. Sells 225 Shares of Applied Materials, Inc. $AMAT

Hazlett Burt & Watson Inc. decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,734 shares of the manufacturing equipment provider’s stock after selling 225 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Applied Materials were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Yarger Wealth Strategies LLC bought a new stake in shares of Applied Materials during the second quarter valued at approximately $215,000. LRI Investments LLC increased its holdings in shares of Applied Materials by 40.4% during the second quarter. LRI Investments LLC now owns 758 shares of the manufacturing equipment provider’s stock valued at $139,000 after acquiring an additional 218 shares in the last quarter. Criteria Caixa S.A.U. bought a new stake in shares of Applied Materials during the second quarter valued at approximately $8,372,000. Commonwealth Financial Services LLC bought a new stake in shares of Applied Materials during the second quarter valued at approximately $209,000. Finally, Meritage Portfolio Management bought a new stake in shares of Applied Materials during the second quarter valued at approximately $240,000. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMAT. Deutsche Bank Aktiengesellschaft cut their target price on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, August 15th. Rothschild & Co Redburn cut Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Monday, July 7th. B. Riley lifted their target price on Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday. Bank of America reaffirmed a “neutral” rating and set a $180.00 target price (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Finally, The Goldman Sachs Group lifted their target price on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.50.

Applied Materials Stock Performance

Shares of AMAT opened at $209.95 on Monday. The firm has a market cap of $167.25 billion, a PE ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82. The stock’s fifty day moving average price is $182.60 and its two-hundred day moving average price is $171.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating 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 business’s revenue 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. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 annualized dividend and a dividend yield of 0.9%. Applied Materials’s payout ratio is presently 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.