Apollon Wealth Management LLC Has $5.03 Million Stake in Applied Materials, Inc. $AMAT

Apollon Wealth Management LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,463 shares of the manufacturing equipment provider’s stock after selling 193 shares during the period. Apollon Wealth Management LLC’s holdings in Applied Materials were worth $5,028,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ameriprise Financial Inc. raised its position 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 buying an additional 1,502,995 shares during the last quarter. Amundi raised its position 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 buying an additional 1,046,635 shares during the last quarter. Nuveen LLC acquired a new position in shares of Applied Materials during the first quarter valued at about $1,085,600,000. Deutsche Bank AG raised its position 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 buying an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position 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 buying an additional 1,691,428 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Summit Insights lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Redburn Atlantic lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price target for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a research report on Friday, August 15th. Finally, Morgan Stanley raised shares of Applied Materials from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $172.00 to $209.00 in a research report on Monday, September 22nd. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.50.

Applied Materials Price Performance

AMAT opened at $209.95 on Friday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49. 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 company’s 50 day simple moving average is $182.60 and its 200-day simple moving average is $171.62. The stock has a market capitalization of $167.25 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period 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 anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared 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 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is 21.93%.

About Applied Materials

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.