Applied Materials (NASDAQ:AMAT) Announces Earnings Results

Applied Materials (NASDAQ:AMAT) announced its quarterly earnings data on Thursday. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06, FiscalAI reports. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. Applied Materials’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials updated its Q1 2026 guidance to 1.980-2.380 EPS.

Applied Materials Trading Up 1.0%

Shares of NASDAQ AMAT traded up $2.18 during mid-day trading on Friday, reaching $225.41. The company had a trading volume of 9,941,893 shares, compared to its average volume of 7,623,438. Applied Materials has a 52 week low of $123.74 and a 52 week high of $242.50. 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 business’s 50-day moving average is $211.01 and its 200-day moving average is $186.28. The stock has a market cap of $179.57 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84.

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 issued a dividend of $0.46 per share. The ex-dividend date 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 presently 21.93%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Applied Materials by 617.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,129,483 shares of the manufacturing equipment provider’s stock valued at $1,869,170,000 after acquiring an additional 7,856,576 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Applied Materials by 39.4% in the second quarter. Rafferty Asset Management LLC now owns 2,502,036 shares of the manufacturing equipment provider’s stock valued at $458,048,000 after buying an additional 706,939 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Applied Materials by 9.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 1,387,850 shares of the manufacturing equipment provider’s stock worth $254,459,000 after acquiring an additional 123,911 shares during the period. Raymond James Financial Inc. grew its position in shares of Applied Materials by 1.2% during the 2nd quarter. Raymond James Financial Inc. now owns 1,204,263 shares of the manufacturing equipment provider’s stock valued at $220,464,000 after acquiring an additional 13,762 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Applied Materials by 60.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,094,577 shares of the manufacturing equipment provider’s stock worth $200,154,000 after purchasing an additional 410,355 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cfra Research raised shares of Applied Materials to a “hold” rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, August 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 target price on shares of Applied Materials in a research note on Friday. Evercore ISI reissued an “outperform” rating and issued a $290.00 price target on shares of Applied Materials in a research note on Friday. Finally, Wells Fargo & Company raised their price target on Applied Materials from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $226.74.

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.