Sax Wealth Advisors LLC Buys 764 Shares of Applied Materials, Inc. $AMAT

Sax Wealth Advisors LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,064 shares of the manufacturing equipment provider’s stock after acquiring an additional 764 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Applied Materials were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AMAT. Old Port Advisors grew its position in shares of Applied Materials by 2.5% in the 1st quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider’s stock worth $396,000 after buying an additional 66 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of Applied Materials by 4.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider’s stock worth $218,000 after buying an additional 68 shares during the last quarter. Cromwell Holdings LLC grew its position in shares of Applied Materials by 2.8% in the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider’s stock worth $369,000 after buying an additional 69 shares during the last quarter. TCTC Holdings LLC grew its position in shares of Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider’s stock worth $152,000 after buying an additional 70 shares during the last quarter. Finally, Hardy Reed LLC grew its position in shares of Applied Materials by 1.0% in the 1st quarter. Hardy Reed LLC now owns 7,324 shares of the manufacturing equipment provider’s stock worth $1,063,000 after buying an additional 71 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Rothschild & Co Redburn lowered Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research report on Monday, July 7th. Daiwa America lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Applied Materials in a research report on Friday, May 16th. Finally, The Goldman Sachs Group initiated coverage on Applied Materials in a research note on Thursday, July 10th. They issued a “buy” rating and a $225.00 target price for the company. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.88.

Insider Transactions at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Applied Materials Stock Up 1.7%

Shares of NASDAQ:AMAT opened at $162.49 on Friday. The stock has a fifty day simple moving average of $183.13 and a two-hundred day simple moving average of $166.12. The stock has a market capitalization of $130.40 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.28 and a beta of 1.70. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. Applied Materials’s payout ratio is presently 21.93%.

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.