SP Asset Management LLC Has $10.75 Million Stock Position in Applied Materials, Inc. $AMAT

SP Asset Management LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 58,741 shares of the manufacturing equipment provider’s stock after buying an additional 355 shares during the period. Applied Materials makes up 0.9% of SP Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. SP Asset Management LLC’s holdings in Applied Materials were worth $10,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. Brighton Jones LLC grew its holdings in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after purchasing an additional 2,771 shares during the last quarter. Envestnet Asset Management Inc. grew 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 worth $223,403,000 after purchasing an additional 493,164 shares during the last quarter. Callan Capital LLC bought a new stake in shares of Applied Materials during the first quarter worth about $221,000. Brown Advisory Inc. grew its holdings in shares of Applied Materials by 19.4% during the first quarter. Brown Advisory Inc. now owns 94,619 shares of the manufacturing equipment provider’s stock worth $13,731,000 after purchasing an additional 15,377 shares during the last quarter. Finally, Stratos Investment Management LLC grew its holdings in shares of Applied Materials by 25.4% during the first quarter. Stratos Investment Management LLC now owns 3,293 shares of the manufacturing equipment provider’s stock worth $478,000 after purchasing an additional 668 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT opened at $240.89 on Thursday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $242.50. 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 business’s 50 day moving average price is $202.56 and its two-hundred day moving average price is $182.95. The firm has a market cap of $191.90 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The company’s 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. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Applied Materials from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Barclays lifted their price objective on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Cfra Research raised Applied Materials to a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company lifted their price objective on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Wolfe Research cut their price objective on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.96.

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.