Guinness Atkinson Asset Management Inc Has $6.10 Million Position in Applied Materials, Inc. $AMAT

Guinness Atkinson Asset Management Inc trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 33,314 shares of the manufacturing equipment provider’s stock after selling 3,132 shares during the period. Applied Materials makes up about 3.2% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 15th largest holding. Guinness Atkinson Asset Management Inc’s holdings in Applied Materials were worth $6,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMAT. Liberty Wealth Management LLC increased its position in shares of Applied Materials by 0.6% in the second quarter. Liberty Wealth Management LLC now owns 18,960 shares of the manufacturing equipment provider’s stock valued at $3,471,000 after acquiring an additional 106 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Applied Materials in the second quarter valued at approximately $1,422,000. Convergence Investment Partners LLC acquired a new position in shares of Applied Materials during the 2nd quarter worth approximately $227,000. Bessemer Group Inc. raised its stake in shares of Applied Materials by 49.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,581,298 shares of the manufacturing equipment provider’s stock worth $289,490,000 after purchasing an additional 524,523 shares in the last quarter. Finally, Brookwood Investment Group LLC boosted its holdings in shares of Applied Materials by 22.9% in the 2nd quarter. Brookwood Investment Group LLC now owns 3,177 shares of the manufacturing equipment provider’s stock valued at $582,000 after buying an additional 591 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Stifel Nicolaus lifted their price objective on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Citigroup dropped their target price on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and raised their target price for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Finally, Mizuho lifted their price target on Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $209.15.

Applied Materials Stock Up 0.1%

Applied Materials stock opened at $228.75 on Monday. The company’s 50-day moving average price is $191.18 and its two-hundred day moving average price is $177.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The stock has a market cap of $182.23 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.86 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $232.07.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data 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. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is presently 21.93%.

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.