Forvis Mazars Wealth Advisors LLC Has $3.87 Million Holdings in Applied Materials, Inc. $AMAT

Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,149 shares of the manufacturing equipment provider’s stock after buying an additional 1,819 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Applied Materials were worth $3,872,000 at the end of the most recent quarter.

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

Applied Materials Stock Performance

Shares of AMAT opened at $224.99 on Friday. The firm has a market cap of $179.24 billion, a PE ratio of 26.82, a PEG ratio of 2.81 and a beta of 1.82. The stock’s fifty day moving average price is $186.80 and its two-hundred day moving average price is $174.30. 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 $232.07.

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 0.8%. Applied Materials’s payout ratio is presently 21.93%.

Analyst Ratings Changes

Several brokerages recently issued reports on AMAT. UBS Group cut their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $225.00 price objective on shares of Applied Materials in a research report on Friday, October 3rd. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Redburn Atlantic cut Applied Materials from a “strong-buy” rating to a “hold” rating and cut their price objective for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Finally, KeyCorp boosted their price objective on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Applied Materials presently has an average 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.