Applied Materials, Inc. $AMAT Position Decreased by Claro Advisors LLC

Claro Advisors LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 34.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,195 shares of the manufacturing equipment provider’s stock after selling 1,712 shares during the period. Claro Advisors LLC’s holdings in Applied Materials were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Applied Materials by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock valued at $1,455,716,000 after purchasing an additional 291,358 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 1,502,995 shares during the period. Amundi boosted its holdings in shares of Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after buying an additional 1,046,635 shares during the period. Nuveen LLC acquired a new position in shares of Applied Materials in the first quarter worth about $1,085,600,000. Finally, Deutsche Bank AG boosted its holdings in shares of Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the period. Institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. TD Cowen decreased their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. UBS Group decreased their target price on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Finally, Wolfe Research decreased their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.96.

Applied Materials Price Performance

Shares of AMAT opened at $240.89 on Thursday. The firm has a market cap of $191.90 billion, a PE ratio of 28.71, a PEG ratio of 2.95 and a beta of 1.84. The firm’s 50 day moving average price is $202.56 and its 200 day moving average price is $182.95. 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 twelve month low of $123.74 and a twelve month high of $242.50.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. 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. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is presently 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.