EFG Asset Management North America Corp. Acquires 8,983 Shares of Applied Materials, Inc. $AMAT

EFG Asset Management North America Corp. boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 38.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,636 shares of the manufacturing equipment provider’s stock after acquiring an additional 8,983 shares during the quarter. Applied Materials accounts for about 0.8% of EFG Asset Management North America Corp.’s portfolio, making the stock its 24th largest position. EFG Asset Management North America Corp.’s holdings in Applied Materials were worth $5,974,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMAT. Bank of New York Mellon Corp lifted its position in shares of Applied Materials by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock valued at $1,455,716,000 after acquiring an additional 291,358 shares during the period. Ameriprise Financial Inc. grew its position in Applied Materials by 23.6% during the first 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 boosted its position in Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after purchasing an additional 1,046,635 shares during the period. Nuveen LLC bought a new position in Applied Materials during the first quarter worth about $1,085,600,000. Finally, Deutsche Bank AG boosted its position in Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after purchasing an additional 1,235,097 shares during the period. 80.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup cut their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, August 15th. UBS Group decreased their target price on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, August 15th. Finally, TD Cowen cut their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.96.

Applied Materials Stock Down 3.2%

NASDAQ AMAT opened at $230.19 on Wednesday. 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 has a market capitalization of $183.38 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.95 and a beta of 1.82. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50. The stock has a 50 day moving average price of $201.03 and a 200-day moving average price of $182.54.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. 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 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

Applied Materials Company Profile

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.