Vanguard Group Inc. Acquires 110,865 Shares of Applied Materials, Inc. $AMAT

Vanguard Group Inc. boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,288,026 shares of the manufacturing equipment provider’s stock after acquiring an additional 110,865 shares during the period. Vanguard Group Inc. owned 9.63% of Applied Materials worth $14,149,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Applied Materials by 7.5% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,851 shares of the manufacturing equipment provider’s stock valued at $705,000 after purchasing an additional 269 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in Applied Materials by 109.9% in the second quarter. Frank Rimerman Advisors LLC now owns 22,443 shares of the manufacturing equipment provider’s stock worth $4,109,000 after buying an additional 11,753 shares in the last quarter. WBI Investments LLC purchased a new stake in Applied Materials in the second quarter worth about $2,221,000. LSV Asset Management lifted its holdings in Applied Materials by 53.3% in the second quarter. LSV Asset Management now owns 1,650,742 shares of the manufacturing equipment provider’s stock worth $302,201,000 after buying an additional 574,216 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Applied Materials by 10.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 7,929 shares of the manufacturing equipment provider’s stock valued at $1,452,000 after acquiring an additional 724 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Trading Up 1.2%

NASDAQ:AMAT opened at $228.71 on Tuesday. The stock has a market cap of $182.20 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.95 and a beta of 1.84. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $213.61 and its 200-day moving average price is $187.88. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.06. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.46 dividend. 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 (DPR) is presently 21.20%.

Wall Street Analyst Weigh In

AMAT has been the subject of several research reports. TD Cowen decreased their target price on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Craig Hallum restated a “hold” rating and set a $190.00 target price on shares of Applied Materials in a report on Friday. Wolfe Research reduced their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price target on shares of Applied Materials in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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. Nineteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $226.74.

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.