Woodmont Investment Counsel LLC Acquires 661 Shares of Applied Materials, Inc. $AMAT

Woodmont Investment Counsel LLC boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 45.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,124 shares of the manufacturing equipment provider’s stock after buying an additional 661 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Applied Materials were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Glass Wealth Management Co LLC raised its position in shares of Applied Materials by 3.3% in the 2nd quarter. Glass Wealth Management Co LLC now owns 14,145 shares of the manufacturing equipment provider’s stock worth $2,590,000 after acquiring an additional 450 shares in the last quarter. Merit Financial Group LLC raised its holdings in Applied Materials by 16.2% in the second quarter. Merit Financial Group LLC now owns 35,120 shares of the manufacturing equipment provider’s stock worth $6,429,000 after purchasing an additional 4,896 shares in the last quarter. Kickstand Ventures LLC. purchased a new stake in shares of Applied Materials during the second quarter valued at about $214,000. Simplicity Wealth LLC boosted its holdings in shares of Applied Materials by 218.2% in the 2nd quarter. Simplicity Wealth LLC now owns 7,708 shares of the manufacturing equipment provider’s stock valued at $1,411,000 after buying an additional 5,286 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new position in shares of Applied Materials in the 2nd quarter worth approximately $365,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Rothschild & Co Redburn cut shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research report on Monday, July 7th. Wells Fargo & Company reduced their price target on Applied Materials from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. UBS Group reduced their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Finally, Cfra Research raised Applied Materials to a “hold” rating in a report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Applied Materials presently has an average rating of “Moderate Buy” and a consensus price target of $195.12.

Applied Materials Stock Up 2.9%

Shares of AMAT stock opened at $223.91 on Tuesday. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49. The firm has a market capitalization of $178.38 billion, a PE ratio of 26.69, a P/E/G ratio of 2.85 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock’s 50-day simple moving average is $180.17 and its 200-day simple moving average is $170.02.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the firm earned $2.12 earnings per share. Applied Materials’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities 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 announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued 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 (DPR) is 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.