BCK Partners Inc. Sells 530 Shares of Applied Materials, Inc. $AMAT

BCK Partners Inc. lowered its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 30.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,215 shares of the manufacturing equipment provider’s stock after selling 530 shares during the quarter. Applied Materials comprises 0.1% of BCK Partners Inc.’s portfolio, making the stock its 24th biggest position. BCK Partners Inc.’s holdings in Applied Materials were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Shelton Wealth Management LLC raised its stake in shares of Applied Materials by 1.5% in the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after acquiring an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC raised its stake in shares of Applied Materials by 0.8% in the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after acquiring an additional 51 shares during the last quarter. Narus Financial Partners LLC raised its stake in shares of Applied Materials by 3.8% in the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after acquiring an additional 52 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Applied Materials by 2.7% in the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after acquiring an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC raised its stake in shares of Applied Materials by 3.4% in the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMAT. Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, October 13th. Wells Fargo & Company boosted their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Barclays boosted their price objective on shares of Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI restated an “outperform” rating and issued a $209.00 price objective on shares of Applied Materials in a research report on Friday, August 15th. Finally, Daiwa Capital Markets restated a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average target price of $209.15.

Read Our Latest Report on AMAT

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $228.13 on Tuesday. The firm has a fifty day moving average of $187.67 and a two-hundred day moving average of $175.28. The stock has a market capitalization of $181.74 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.81 and a beta of 1.82. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $232.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities research analysts predict that Applied Materials, Inc. will post 9.38 EPS 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 issued 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 0.8%. Applied Materials’s payout ratio is 21.93%.

About Applied Materials

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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