Applied Materials, Inc. $AMAT Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,041 shares of the manufacturing equipment provider’s stock after acquiring an additional 12,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Applied Materials were worth $68,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMAT. Nuveen LLC acquired a new stake in Applied Materials in the first quarter worth approximately $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Applied Materials in the 2nd quarter worth $882,396,000. Pacer Advisors Inc. lifted its holdings in shares of Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock valued at $445,056,000 after buying an additional 2,944,193 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Applied Materials by 43.6% in 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 buying an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in 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 buying an additional 1,502,995 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America reiterated a “neutral” rating and issued a $180.00 price target (down from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $225.00 price objective on shares of Applied Materials in a research note on Friday. Evercore ISI reiterated an “outperform” rating and issued a $209.00 target price on shares of Applied Materials in a report on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Applied Materials in a report on Saturday, September 27th. Finally, Daiwa America lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.12.

Applied Materials Stock Performance

Shares of AMAT opened at $223.91 on Tuesday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49. The company has a 50-day moving average of $180.17 and a two-hundred day moving average of $170.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a market cap of $178.38 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.85 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business posted $2.12 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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

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.