Penserra Capital Management LLC Purchases 16,789 Shares of Applied Materials, Inc. $AMAT

Penserra Capital Management LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 16.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,381 shares of the manufacturing equipment provider’s stock after acquiring an additional 16,789 shares during the quarter. Penserra Capital Management LLC’s holdings in Applied Materials were worth $21,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rovin Capital UT ADV bought a new stake in shares of Applied Materials in the second quarter worth $423,000. Cornerstone Investment Partners LLC grew its position in Applied Materials by 15.2% in the second quarter. Cornerstone Investment Partners LLC now owns 345,494 shares of the manufacturing equipment provider’s stock valued at $63,250,000 after purchasing an additional 45,474 shares in the last quarter. Harvest Portfolios Group Inc. increased its stake in Applied Materials by 6.2% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 152,349 shares of the manufacturing equipment provider’s stock valued at $27,891,000 after buying an additional 8,846 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in Applied Materials in the 2nd quarter valued at $2,080,000. Finally, Reston Wealth Management LLC bought a new stake in Applied Materials during the 2nd quarter worth about $260,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Price Performance

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 firm has a market capitalization of $183.28 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 2.95 and a beta of 1.84. The stock’s 50 day moving average price is $205.31 and its two-hundred day moving average price is $183.96. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

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, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business 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 EPS. The firm’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, analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMAT shares. Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Stifel Nicolaus increased their price target on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. raised their price target on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Cfra Research raised Applied Materials to a “hold” rating in a research report on Friday, August 15th. Finally, Daiwa Capital Markets reissued a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Eighteen research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.96.

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.