Hobbs Group Advisors LLC Invests $202,000 in Applied Materials, Inc. $AMAT

Hobbs Group Advisors LLC acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,104 shares of the manufacturing equipment provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares in the last quarter. Amundi boosted its holdings in shares of Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after purchasing an additional 1,046,635 shares in the last quarter. Nuveen LLC purchased a new position in shares of Applied Materials in the 1st quarter worth about $1,085,600,000. Deutsche Bank AG boosted its holdings in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after purchasing an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Applied Materials by 43.6% in the 1st 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 in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of several analyst reports. Redburn Atlantic cut Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their target price for the company from $225.00 to $200.00 in a report on Monday, July 7th. Bank of America restated a “neutral” rating and set a $180.00 target price (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a report on Friday, October 3rd. The Goldman Sachs Group increased their target price on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Finally, 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. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.50.

Applied Materials Trading Down 4.7%

AMAT opened at $209.95 on Friday. The business has a 50 day simple moving average of $182.60 and a two-hundred day simple moving average of $171.62. The firm has a market capitalization of $167.25 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49.

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

Applied Materials Announces Dividend

The company 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. 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 dividend payout ratio is currently 21.93%.

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.