McGuire Investment Group LLC Raises Stake in Applied Materials, Inc. $AMAT

McGuire Investment Group LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 1.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 125,176 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,247 shares during the period. Applied Materials comprises approximately 2.9% of McGuire Investment Group LLC’s investment portfolio, making the stock its 11th largest position. McGuire Investment Group LLC’s holdings in Applied Materials were worth $22,916,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. Amundi boosted its stake in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the period. Nuveen LLC purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $1,085,600,000. Deutsche Bank AG boosted its stake in shares of Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after purchasing an additional 1,691,428 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

AMAT opened at $217.74 on Thursday. The stock has a fifty day simple moving average of $178.15 and a two-hundred day simple moving average of $168.40. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market cap of $173.46 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 2.68 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $218.44.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% 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 prior year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company 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. 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 is 21.93%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho reissued a “neutral” rating and set a $175.00 price objective (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Rothschild & Co Redburn lowered Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research note on Monday, July 7th. Bank of America reaffirmed a “neutral” rating and issued a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Finally, TD Cowen dropped their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Applied Materials presently has a consensus 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.