Concurrent Investment Advisors LLC Decreases Stock Holdings in Applied Materials, Inc. $AMAT

Concurrent Investment Advisors LLC trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 37.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,603 shares of the manufacturing equipment provider’s stock after selling 6,852 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Applied Materials were worth $2,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AMAT. Nuveen LLC purchased a new position in Applied Materials during the 1st quarter valued at about $1,085,600,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Applied Materials during the second quarter valued at approximately $882,396,000. Pacer Advisors Inc. increased its stake in shares of Applied Materials by 2,401.0% during the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock valued at $445,056,000 after buying an additional 2,944,193 shares during the period. Price T Rowe Associates Inc. MD increased its position in Applied Materials by 43.6% during 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 purchasing an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Applied Materials by 23.6% during 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 purchasing an additional 1,502,995 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Applied Materials stock opened at $218.19 on Wednesday. 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 has a market capitalization of $173.82 billion, a P/E ratio of 26.01, a PEG ratio of 2.88 and a beta of 1.82. The stock’s 50 day moving average is $184.11 and its 200 day moving average is $172.62. 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 quarterly 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. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the business posted $2.12 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is 21.93%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMAT. Stifel Nicolaus boosted their price objective on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday, October 8th. KeyCorp upped their target price on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Finally, Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 price target (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.54.

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.