Prosperity Consulting Group LLC Raises Stake in Applied Materials, Inc. $AMAT

Prosperity Consulting Group LLC raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,864 shares of the manufacturing equipment provider’s stock after buying an additional 213 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Applied Materials were worth $341,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Applied Materials by 28.0% in the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Applied Materials by 47.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,539,435 shares of the manufacturing equipment provider’s stock valued at $223,403,000 after purchasing an additional 493,164 shares during the last quarter. Callan Capital LLC purchased a new stake in Applied Materials during the 1st quarter valued at $221,000. Brown Advisory Inc. raised its stake in Applied Materials by 19.4% during the 1st quarter. Brown Advisory Inc. now owns 94,619 shares of the manufacturing equipment provider’s stock valued at $13,731,000 after buying an additional 15,377 shares during the last quarter. Finally, Stratos Investment Management LLC raised its stake in Applied Materials by 25.4% during the 1st quarter. Stratos Investment Management LLC now owns 3,293 shares of the manufacturing equipment provider’s stock valued at $478,000 after buying an additional 668 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Up 4.6%

Shares of AMAT opened at $240.89 on Thursday. 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, Inc. has a 1 year low of $123.74 and a 1 year high of $242.50. The company has a 50 day simple moving average of $202.56 and a two-hundred day simple moving average of $182.95. The firm has a market cap of $191.90 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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%. Applied Materials’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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 paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s payout ratio is presently 21.93%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMAT. Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Daiwa Capital Markets reiterated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Wells Fargo & Company upped their price target on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. KeyCorp upped their price target on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.96.

Applied Materials 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.