BridgePort Financial Solutions LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,353 shares of the manufacturing equipment provider’s stock after buying an additional 64 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in Applied Materials were worth $431,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Maseco LLP acquired a new stake in shares of Applied Materials during the 2nd quarter worth $30,000. Runnymede Capital Advisors Inc. boosted its holdings in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials during the 1st quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in 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 purchasing an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AMAT. Barclays increased their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Summit Insights downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Wolfe Research lowered their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Finally, Rothschild & Co Redburn lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Monday, July 7th. Seventeen 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.12.
Applied Materials Price Performance
NASDAQ AMAT opened at $217.53 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.41. The company has a market cap of $173.29 billion, a PE ratio of 25.93, a PEG ratio of 2.85 and a beta of 1.82. The stock’s 50-day moving average price is $179.50 and its two-hundred day moving average price is $169.41.
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion for 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current 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 $0.46 dividend. This represents a $1.84 annualized dividend 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 21.93%.
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.
Featured Stories
- Five stocks we like better than Applied Materials
- How to Invest in Small Cap Stocks
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- What Does a Stock Split Mean?
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- High Flyers: 3 Natural Gas Stocks for March 2022
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.