Delaney Dennis R Buys Shares of 2,091 Applied Materials, Inc. $AMAT

Delaney Dennis R bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,091 shares of the manufacturing equipment provider’s stock, valued at approximately $383,000.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in 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 valued at $1,140,836,000 after buying an additional 1,502,995 shares during the period. Amundi grew its holdings in shares of Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at approximately $1,085,600,000. Deutsche Bank AG grew its holdings in shares of Applied Materials by 20.7% during the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Applied Materials by 43.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Down 4.7%

Shares of NASDAQ AMAT opened at $209.95 on Monday. The company has a market capitalization of $167.25 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $226.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The company’s 50 day moving average price is $182.60 and its 200-day moving average price is $171.79.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The firm 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 company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 EPS. 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 declared 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 is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.9%. Applied Materials’s payout ratio is 21.93%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday. Mizuho reaffirmed a “neutral” rating and set a $175.00 price target (down from $200.00) on shares of Applied Materials in a report on Friday, September 12th. Evercore ISI reaffirmed an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a report on Friday, August 15th. The Goldman Sachs Group lifted their target price on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.50.

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.