Allworth Financial LP Raises Position in Applied Materials, Inc. $AMAT

Allworth Financial LP lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 40.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,392 shares of the manufacturing equipment provider’s stock after purchasing an additional 9,002 shares during the quarter. Allworth Financial LP’s holdings in Applied Materials were worth $5,747,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in Applied Materials in the 2nd quarter worth about $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 174 shares during the period. Activest Wealth Management boosted 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 worth $31,000 after acquiring an additional 213 shares during the last quarter. Disciplina Capital Management LLC grew its holdings in 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 purchasing an additional 130 shares during the period. Finally, Greenline Partners LLC acquired a new position in Applied Materials during the first quarter worth approximately $39,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Trading Down 2.7%

AMAT opened at $228.67 on Wednesday. The firm’s 50 day moving average is $208.22 and its 200-day moving average is $185.70. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $242.50. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $182.17 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the business earned $2.12 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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 paid a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $250.00 in a report on Monday, October 13th. Wells Fargo & Company lifted their target price on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. TD Cowen lowered their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. raised their price objective on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Finally, Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Eighteen 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

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.