Joel Isaacson & Co. LLC Reduces Holdings in Applied Materials, Inc. $AMAT

Joel Isaacson & Co. LLC trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,299 shares of the manufacturing equipment provider’s stock after selling 160 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Applied Materials were worth $604,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AMAT. Runnymede Capital Advisors Inc. grew its holdings in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials in the 1st quarter valued at $29,000. Maseco LLP purchased a new stake in Applied Materials in the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in 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 buying an additional 213 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $211.56 on Wednesday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $226.49. The business’s fifty day simple moving average is $180.63 and its 200-day simple moving average is $170.31. The firm has a market cap of $168.54 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.93 and a beta of 1.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the company earned $2.12 EPS. Applied Materials’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. Equities analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid 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 yield of 0.9%. Applied Materials’s dividend payout ratio is presently 21.93%.

Wall Street Analyst Weigh In

AMAT has been the subject of several analyst reports. Wall Street Zen cut Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. UBS Group dropped their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. The Goldman Sachs Group initiated coverage on Applied Materials in a research note on Thursday, July 10th. They issued a “buy” rating and a $225.00 price target on the stock. Wells Fargo & Company decreased their price target on Applied Materials from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Friday, August 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $225.00 price target on shares of Applied Materials in a research note on Friday, October 3rd. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $195.12.

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.