Alhambra Investment Management LLC Has $343,000 Stock Position in Applied Materials, Inc. $AMAT

Alhambra Investment Management LLC lowered its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,875 shares of the manufacturing equipment provider’s stock after selling 75 shares during the period. Alhambra Investment Management LLC’s holdings in Applied Materials were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMAT. Nuveen LLC acquired a new stake in Applied Materials in the first quarter valued at approximately $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Applied Materials during the second quarter worth $882,396,000. Pacer Advisors Inc. lifted its holdings in shares of Applied Materials by 2,401.0% during the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock worth $445,056,000 after purchasing an additional 2,944,193 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Applied Materials by 18,402.1% during the first quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider’s stock worth $2,647,430,000 after purchasing an additional 1,814,444 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after purchasing an additional 1,691,428 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Up 0.2%

NASDAQ:AMAT opened at $200.87 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The firm has a 50-day moving average of $176.40 and a 200-day moving average of $166.23. The company has a market cap of $160.02 billion, a PE ratio of 23.94, a PEG ratio of 2.86 and a beta of 1.77. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials’s payout ratio is presently 21.93%.

Analyst Ratings Changes

A number of brokerages have recently commented on AMAT. Barclays lifted their price target on shares of Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Daiwa Capital Markets reiterated a “neutral” rating and set a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Wells Fargo & Company cut their price target on shares of Applied Materials from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Rothschild & Co Redburn lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Monday, July 7th. Finally, Summit Insights lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Seventeen 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.15.

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.