Cumberland Partners Ltd Sells 24,439 Shares of Applied Materials, Inc. $AMAT

Cumberland Partners Ltd lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 23.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,961 shares of the manufacturing equipment provider’s stock after selling 24,439 shares during the period. Applied Materials accounts for 1.0% of Cumberland Partners Ltd’s portfolio, making the stock its 26th largest holding. Cumberland Partners Ltd’s holdings in Applied Materials were worth $14,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Applied Materials by 28.0% during the 4th 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. OneAscent Financial Services LLC bought a new stake in shares of Applied Materials during the first quarter worth approximately $422,000. PFG Advisors lifted its holdings in Applied Materials by 99.3% in the first quarter. PFG Advisors now owns 3,570 shares of the manufacturing equipment provider’s stock valued at $518,000 after buying an additional 1,779 shares during the period. Old Port Advisors boosted its stake in Applied Materials by 2.5% in the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider’s stock valued at $396,000 after acquiring an additional 66 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Applied Materials by 8.2% during the 1st quarter. Venturi Wealth Management LLC now owns 16,643 shares of the manufacturing equipment provider’s stock worth $2,415,000 after acquiring an additional 1,262 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMAT has been the topic of several recent research reports. Mizuho reduced their price target on Applied Materials from $215.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, November 14th. The Goldman Sachs Group restated a “buy” rating and set a $250.00 price objective on shares of Applied Materials in a report on Friday, November 14th. Daiwa America lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, BNP Paribas raised Applied Materials to a “hold” rating in a research note on Monday. Nineteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.74.

Applied Materials Stock Up 4.4%

NASDAQ:AMAT opened at $235.13 on Thursday. The stock has a 50-day simple moving average of $216.28 and a 200 day simple moving average of $188.70. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $242.50. The company has a market cap of $187.31 billion, a PE ratio of 28.03, a PEG ratio of 2.95 and a beta of 1.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. During the same period last year, the firm earned $2.32 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, sell-side analysts expect 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. Shareholders of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is currently 21.20%.

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.