Patton Albertson Miller Group LLC Increases Position in Applied Materials, Inc. $AMAT

Patton Albertson Miller Group LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,990 shares of the manufacturing equipment provider’s stock after acquiring an additional 3,304 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Applied Materials were worth $6,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its stake in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials during the first quarter valued at $29,000. Maseco LLP acquired a new position in shares of Applied Materials during the second quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Activest Wealth Management grew its position in Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Up 2.2%

Shares of NASDAQ:AMAT opened at $203.92 on Friday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The stock has a market cap of $162.45 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.77. The business’s 50 day moving average is $176.94 and its 200 day moving average is $167.33. 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 announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.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 prior year, the firm earned $2.12 earnings per share. 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. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 0.9%. Applied Materials’s dividend payout ratio is currently 21.93%.

Analyst Ratings Changes

A number of brokerages have weighed in on AMAT. Redburn Atlantic downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating and cut their price target for the company from $225.00 to $200.00 in a report on Monday, July 7th. TD Cowen dropped their price target on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Morgan Stanley upgraded shares of Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $172.00 to $209.00 in a research note on Monday, September 22nd. Cantor Fitzgerald lowered their price objective on shares of Applied Materials from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $194.15.

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.