Pinnacle Associates Ltd. Grows Holdings in Applied Materials, Inc. $AMAT

Pinnacle Associates Ltd. raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.5% in the second quarter, Holdings Channel reports. The institutional investor owned 99,713 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,455 shares during the period. Pinnacle Associates Ltd.’s holdings in Applied Materials were worth $18,254,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maseco LLP purchased a new stake in shares of Applied Materials in the second quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Activest Wealth Management increased its position in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Disciplina Capital Management LLC increased its position in shares of Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, Greenline Partners LLC purchased a new stake in shares of Applied Materials during the first quarter worth about $39,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Down 1.4%

Shares of 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. The firm has a 50-day moving average price of $196.79 and a 200 day moving average price of $180.02. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $242.50. The firm has a market capitalization of $185.26 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.95 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. Applied Materials’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. Sell-side 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 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 payout ratio is 21.93%.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research note on Friday, October 3rd. Citigroup cut their target price on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 15th. TD Cowen cut their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, August 15th. Finally, Daiwa Capital Markets reissued a “neutral” rating and issued a $170.00 price target (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $209.15.

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.