Opes Wealth Management LLC Sells 230 Shares of Applied Materials, Inc. $AMAT

Opes Wealth Management LLC lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 9.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,282 shares of the manufacturing equipment provider’s stock after selling 230 shares during the period. Opes Wealth Management LLC’s holdings in Applied Materials were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Shelton Wealth Management LLC boosted its holdings in shares of Applied Materials by 1.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 0.8% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after purchasing an additional 51 shares during the last quarter. Narus Financial Partners LLC boosted its holdings in shares of Applied Materials by 3.8% during the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 52 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after purchasing an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 3.4% during the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMAT. Morgan Stanley upgraded shares of Applied Materials from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $172.00 to $209.00 in a research report on Monday, September 22nd. Wells Fargo & Company upped their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Stifel Nicolaus upped their target price on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and an average target price of $209.15.

Applied Materials Stock Up 3.6%

Shares of NASDAQ AMAT opened at $228.47 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The company has a market cap of $182.01 billion, a P/E ratio of 27.23, a PEG ratio of 2.76 and a beta of 1.82. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $232.07. The firm has a 50-day simple moving average of $189.84 and a two-hundred day simple moving average of $176.60.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data 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 the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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 given a dividend of $0.46 per share. The ex-dividend date of this dividend 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 (DPR) is 21.93%.

About Applied Materials

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.