Applied Materials, Inc. $AMAT Position Lowered by Patten Group Inc.

Patten Group Inc. lowered its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,688 shares of the manufacturing equipment provider’s stock after selling 205 shares during the period. Patten Group Inc.’s holdings in Applied Materials were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMAT. Nuveen LLC bought a new position in Applied Materials in the first quarter worth about $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new position in Applied Materials in the second quarter worth about $882,396,000. Pacer Advisors Inc. lifted its holdings in 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 worth $445,056,000 after acquiring an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

NASDAQ AMAT opened at $226.00 on Wednesday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. 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 firm has a market capitalization of $180.04 billion, a PE ratio of 26.94, a P/E/G ratio of 2.85 and a beta of 1.82. The company’s 50 day simple moving average is $188.42 and its 200 day simple moving average is $175.63.

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, beating 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 business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $2.12 earnings per share. The business’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. As a group, equities research analysts forecast 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. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMAT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their price target on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, August 15th. Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Citigroup cut their price target on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, Rothschild & Co Redburn cut Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Monday, July 7th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.15.

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.