2,025 Shares in Applied Materials, Inc. $AMAT Acquired by Elefante Mark B

Elefante Mark B acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,025 shares of the manufacturing equipment provider’s stock, valued at approximately $371,000.

Several other institutional investors have also modified their holdings of AMAT. Brighton Jones LLC lifted its position in shares of Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Applied Materials by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider’s stock worth $1,824,000 after buying an additional 2,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Applied Materials by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 226,950 shares of the manufacturing equipment provider’s stock worth $32,935,000 after buying an additional 21,974 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Applied Materials during the 1st quarter worth approximately $70,000. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Applied Materials by 7.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,664 shares of the manufacturing equipment provider’s stock worth $1,257,000 after buying an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of AMAT opened at $219.48 on Tuesday. 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 has a market capitalization of $174.85 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.75 and a beta of 1.82. The company’s fifty day moving average is $183.33 and its two-hundred day moving average is $172.31. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.46 dividend. 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 currently 21.93%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 price objective on shares of Applied Materials in a research report on Friday, October 3rd. Citigroup cut their target price on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Barclays lifted their target price on shares of Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Stifel Nicolaus lifted their target price on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.54.

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.