Metis Global Partners LLC Sells 9,703 Shares of Applied Materials, Inc. $AMAT

Metis Global Partners LLC lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 20.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,486 shares of the manufacturing equipment provider’s stock after selling 9,703 shares during the quarter. Metis Global Partners LLC’s holdings in Applied Materials were worth $7,046,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Shelton Wealth Management LLC grew its position in Applied Materials by 1.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock worth $622,000 after acquiring an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC grew its holdings in shares of Applied Materials by 0.8% in the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock worth $1,135,000 after purchasing an additional 51 shares during the last quarter. Narus Financial Partners LLC increased its stake in shares of Applied Materials by 3.8% in the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock worth $262,000 after buying an additional 52 shares during the period. AdvisorNet Financial Inc raised its holdings in Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after buying an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its position in Applied Materials by 3.4% during the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after buying an additional 53 shares during the period. Institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the subject of a number of recent analyst reports. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Wells Fargo & Company boosted their target price on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $250.00 in a research note on Monday, October 13th. Mizuho boosted their price objective on shares of Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley restated an “overweight” rating and issued a $256.00 price objective on shares of Applied Materials in a report on Friday, October 31st. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.96.

Applied Materials Trading Down 1.5%

NASDAQ AMAT opened at $230.07 on Friday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $205.31 and its 200-day moving average price is $183.96. The stock has a market cap of $183.28 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same quarter in the previous year, the business posted $2.12 EPS. Applied Materials’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. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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