Resonant Capital Advisors LLC Has $518,000 Holdings in Applied Materials, Inc. $AMAT

Resonant Capital Advisors LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 88.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,828 shares of the manufacturing equipment provider’s stock after buying an additional 1,330 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Applied Materials were worth $518,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Avity Investment Management Inc. raised its stake in Applied Materials by 4.1% during the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after purchasing an additional 8,680 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in shares of Applied Materials by 12.7% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock valued at $3,867,000 after buying an additional 3,000 shares during the last quarter. Redwood Investment Management LLC raised its position in shares of Applied Materials by 311.2% during the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after buying an additional 9,781 shares during the last quarter. Gallacher Capital Management LLC acquired a new position in Applied Materials in the 2nd quarter valued at approximately $410,000. Finally, LifePlan Financial LLC acquired a new position in Applied Materials in the 2nd quarter valued at approximately $755,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMAT has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 13th. Daiwa Capital Markets restated a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. DZ Bank cut shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research note on Friday, August 15th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $250.00 in a report on Monday, October 13th. Finally, Wells Fargo & Company increased their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Eighteen equities research 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’s stock. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average price target of $209.15.

Applied Materials Trading Up 0.1%

AMAT stock opened at $228.75 on Monday. The business has a fifty day moving average price of $191.18 and a 200 day moving average price of $177.82. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $232.07. The stock has a market capitalization of $182.23 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.86 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 (NASDAQ:AMAT) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating 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 analyst estimates of $7.21 billion. During the same period last year, the company posted $2.12 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is 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.