Cyndeo Wealth Partners LLC Cuts Stock Holdings in Applied Materials, Inc. $AMAT

Cyndeo Wealth Partners LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,686 shares of the manufacturing equipment provider’s stock after selling 92 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Applied Materials were worth $309,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMAT. Runnymede Capital Advisors Inc. raised its stake in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in Applied Materials during the first quarter worth approximately $29,000. Maseco LLP acquired a new stake in shares of Applied Materials in the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of 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 worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Activest Wealth Management increased its position in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen dropped their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday. B. Riley increased their price objective on shares of Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Cfra Research raised shares of Applied Materials to a “hold” rating in a research report on Friday, August 15th. Seventeen equities 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 stock. Based on data from MarketBeat.com, the company 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. The company has a fifty day simple moving average of $182.60 and a 200 day simple moving average of $171.62. The firm has a market cap of $167.25 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49. 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 released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 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.