Applied Materials, Inc. $AMAT Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 122,085 shares of the manufacturing equipment provider’s stock after buying an additional 1,420 shares during the period. New York Life Investment Management LLC’s holdings in Applied Materials were worth $22,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of Applied Materials by 9.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider’s stock worth $14,129,000 after purchasing an additional 6,704 shares during the last quarter. Avity Investment Management Inc. grew its position in Applied Materials by 4.1% in the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after acquiring an additional 8,680 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock valued at $3,867,000 after acquiring an additional 3,000 shares in the last quarter. Redwood Investment Management LLC grew its position in Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after acquiring an additional 9,781 shares in the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in Applied Materials in the 2nd quarter valued at about $410,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AMAT. Cfra Research raised Applied Materials to a “hold” rating in a research report on Friday, August 15th. Wolfe Research dropped their target price on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. B. Riley lifted their target price on Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Barclays lifted their target price on Applied Materials from $170.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.15.

Applied Materials Stock Performance

Shares of AMAT opened at $231.33 on Tuesday. The stock has a 50-day simple moving average of $192.53 and a 200-day simple moving average of $178.39. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock has a market capitalization of $184.29 billion, a PE ratio of 27.57, a PEG ratio of 2.86 and a beta of 1.82. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $235.79.

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, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts predict 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. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s 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.