Smithbridge Asset Management Inc. DE Sells 372 Shares of Applied Materials, Inc. $AMAT

Smithbridge Asset Management Inc. DE cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,829 shares of the manufacturing equipment provider’s stock after selling 372 shares during the period. Applied Materials comprises 1.6% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 20th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Applied Materials were worth $9,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMAT. Brighton Jones LLC raised its position in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after purchasing an additional 2,771 shares in the last quarter. GAMMA Investing LLC raised its position in Applied Materials by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider’s stock valued at $1,824,000 after purchasing an additional 2,711 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Applied Materials by 10.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 226,950 shares of the manufacturing equipment provider’s stock worth $32,935,000 after acquiring an additional 21,974 shares in the last quarter. Inscription Capital LLC bought a new position in shares of Applied Materials in the 1st quarter worth $355,000. Finally, Shepherd Financial Partners LLC raised its position in shares of Applied Materials by 4.4% in the 1st quarter. Shepherd Financial Partners LLC now owns 3,018 shares of the manufacturing equipment provider’s stock worth $438,000 after acquiring an additional 126 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Up 0.1%

Shares of AMAT opened at $227.72 on Friday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $232.07. 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 $181.41 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.85 and a beta of 1.82. The stock’s 50-day moving average price is $185.99 and its 200-day moving average price is $173.57.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm 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 earned $2.12 earnings per share. The company’s 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, sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business 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 $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is presently 21.93%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. KeyCorp boosted their price target on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday, October 8th. Redburn Atlantic lowered Applied Materials from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from $225.00 to $200.00 in a research report on Monday, July 7th. Wells Fargo & Company boosted their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Monday, July 7th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and an average target price of $206.08.

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.