Triton Financial Group Inc Takes Position in Applied Materials, Inc. $AMAT

Triton Financial Group Inc purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 12,522 shares of the manufacturing equipment provider’s stock, valued at approximately $2,292,000. Applied Materials makes up about 1.7% of Triton Financial Group Inc’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of AMAT. Nuveen LLC bought 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 stake in Applied Materials in the second quarter worth approximately $882,396,000. Pacer Advisors Inc. boosted its holdings in Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock worth $445,056,000 after purchasing an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMAT shares. Weiss Ratings restated a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. TD Cowen dropped their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 15th. KeyCorp raised their target price on shares of Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Rothschild & Co Redburn cut shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Monday, July 7th. Finally, Mizuho lifted their price target on shares of Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.15.

Applied Materials Stock Up 1.4%

AMAT opened at $228.13 on Tuesday. 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 fifty-two week low of $123.74 and a fifty-two week high of $232.07. The firm’s fifty day moving average is $187.67 and its 200 day moving average is $175.28. The stock has a market cap of $181.74 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Applied Materials Company 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.