Crux Wealth Advisors Has $1.38 Million Stake in Applied Materials, Inc. $AMAT

Crux Wealth Advisors lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 221.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,526 shares of the manufacturing equipment provider’s stock after purchasing an additional 5,188 shares during the quarter. Crux Wealth Advisors’ holdings in Applied Materials were worth $1,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its position in Applied Materials by 7.5% during the second quarter. Chicago Partners Investment Group LLC now owns 7,391 shares of the manufacturing equipment provider’s stock worth $1,382,000 after buying an additional 518 shares in the last quarter. Alpha Wealth Funds LLC bought a new stake in shares of Applied Materials during the 2nd quarter valued at $237,000. Planned Solutions Inc. acquired a new stake in shares of Applied Materials during the 2nd quarter worth $291,000. Wealthstream Advisors Inc. bought a new position in shares of Applied Materials in the second quarter worth $202,000. Finally, Palmer Knight Co raised its stake in Applied Materials by 64.5% in the second quarter. Palmer Knight Co now owns 50,864 shares of the manufacturing equipment provider’s stock valued at $9,312,000 after purchasing an additional 19,942 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Daiwa Capital Markets reiterated a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Bank of America raised shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Morgan Stanley raised Applied Materials from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $172.00 to $209.00 in a report on Monday, September 22nd. Evercore ISI reissued an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a report on Friday, August 15th. Finally, Wells Fargo & Company lifted their price target on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Eighteen research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Applied Materials Trading Down 1.2%

Shares of NASDAQ AMAT opened at $224.99 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07. The stock has a market cap of $179.24 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82. The firm has a 50 day moving average price of $186.80 and a two-hundred day moving average price of $174.30.

Applied Materials (NASDAQ:AMAT) last announced 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 business had revenue of $7.30 billion during 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%.Applied Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend 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.