Assetmark Inc. Purchases 69,303 Shares of Applied Materials, Inc. $AMAT

Assetmark Inc. grew its position in Applied Materials, Inc. (NASDAQ:AMAT) by 28.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 312,618 shares of the manufacturing equipment provider’s stock after buying an additional 69,303 shares during the period. Assetmark Inc.’s holdings in Applied Materials were worth $57,231,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Shelton Wealth Management LLC boosted its holdings in shares of Applied Materials by 1.5% in the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after buying an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 0.8% in 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 buying an additional 51 shares in the last quarter. Narus Financial Partners LLC boosted its holdings in shares of Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after buying an additional 52 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Applied Materials by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after buying an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after buying an additional 53 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Daiwa America cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company upped their price target on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley upgraded shares of Applied Materials from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and an average target price of $209.15.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $232.55 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50. The company has a 50 day simple moving average of $196.79 and a two-hundred day simple moving average of $180.02. The stock has a market cap of $185.26 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.95 and a beta of 1.82.

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

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued 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 yield of 0.8%. Applied Materials’s dividend payout ratio is 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.