Grant Street Asset Management Inc. Purchases 604 Shares of Applied Materials, Inc. $AMAT

Grant Street Asset Management Inc. raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 39.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,144 shares of the manufacturing equipment provider’s stock after purchasing an additional 604 shares during the period. Grant Street Asset Management Inc.’s holdings in Applied Materials were worth $393,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials in the 1st quarter valued at $29,000. Maseco LLP purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Activest Wealth Management raised its position in shares of Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC raised its position in shares of Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after buying an additional 130 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMAT has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 price objective on shares of Applied Materials in a research report on Friday, October 3rd. Evercore ISI restated an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a research 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, October 9th. Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $250.00 in a research report on Monday, October 13th. Finally, KeyCorp lifted their target price on shares of Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.15.

Applied Materials Price Performance

AMAT stock opened at $235.75 on Thursday. The firm’s 50-day moving average price is $195.34 and its two-hundred day moving average price is $179.65. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $237.39. The stock has a market capitalization of $187.81 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.85 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion for 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 company’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 earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business 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 dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s payout ratio 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.