Kickstand Ventures LLC. Takes $214,000 Position in Applied Materials, Inc. $AMAT

Kickstand Ventures LLC. purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,169 shares of the manufacturing equipment provider’s stock, valued at approximately $214,000.

Several other institutional investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. grew its stake in Applied Materials by 972.2% in 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 last quarter. Smallwood Wealth Investment Management LLC purchased a new position in Applied Materials in the first quarter valued at about $29,000. Maseco LLP purchased a new position in Applied Materials in the second quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Activest Wealth Management grew its stake in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 2.7%

Shares of NASDAQ:AMAT opened at $217.53 on Friday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.41. The company has a market capitalization of $173.29 billion, a PE ratio of 25.93, a PEG ratio of 2.85 and a beta of 1.82. The business has a 50 day moving average of $179.50 and a two-hundred day moving average of $169.41. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results 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 company 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%.Applied Materials’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is presently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of several analyst reports. UBS Group cut their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Bank of America reiterated a “neutral” rating and issued a $180.00 target price (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Daiwa Capital Markets restated a “neutral” rating and set a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. KeyCorp boosted their price target on Applied Materials from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. Finally, Stifel Nicolaus dropped their price target on Applied Materials from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.12.

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.