Cornerstone Wealth Group LLC Acquires 34,230 Shares of Applied Materials, Inc. $AMAT

Cornerstone Wealth Group LLC increased its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 1,500.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,511 shares of the manufacturing equipment provider’s stock after buying an additional 34,230 shares during the period. Cornerstone Wealth Group LLC’s holdings in Applied Materials were worth $6,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avity Investment Management Inc. boosted its holdings in Applied Materials by 4.1% in the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock worth $40,428,000 after buying an additional 8,680 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock worth $3,867,000 after buying an additional 3,000 shares during the period. Redwood Investment Management LLC boosted its holdings in Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock worth $1,876,000 after buying an additional 9,781 shares during the period. Gallacher Capital Management LLC bought a new position in Applied Materials in the 2nd quarter worth approximately $410,000. Finally, LifePlan Financial LLC bought a new position in Applied Materials in the 2nd quarter worth approximately $755,000. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Performance

NASDAQ AMAT opened at $219.48 on Tuesday. The company has a market capitalization of $174.85 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.75 and a beta of 1.82. 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 52-week low of $123.74 and a 52-week high of $226.49. The company has a fifty day moving average of $183.33 and a 200-day moving average of $172.31.

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

Applied Materials Announces Dividend

The company 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMAT shares. Morgan Stanley raised shares of Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $172.00 to $209.00 in a report on Monday, September 22nd. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Rothschild & Co Redburn downgraded shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Monday, July 7th. Cfra Research raised shares of Applied Materials to a “hold” rating in a report on Friday, August 15th. Finally, Summit Insights downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and a consensus target price of $204.54.

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.