Avidian Wealth Enterprises LLC Lowers Holdings in Applied Materials, Inc. $AMAT

Avidian Wealth Enterprises LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,937 shares of the manufacturing equipment provider’s stock after selling 187 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Applied Materials were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of 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 purchasing an additional 1,502,995 shares during the last quarter. Amundi increased its holdings in shares of Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after purchasing an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials in the first quarter worth about $1,085,600,000. Deutsche Bank AG increased its holdings in shares of Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after purchasing an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 1,691,428 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMAT. Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. B. Riley boosted their price objective on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Cfra Research raised Applied Materials to a “hold” rating in a research note on Friday, August 15th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, October 13th. Finally, Evercore ISI reissued an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a research note on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.15.

Applied Materials Trading Down 2.4%

AMAT opened at $220.56 on Thursday. The stock has a market cap of $175.71 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.83 and a beta of 1.82. The stock’s 50 day moving average price is $189.03 and its 200-day moving average price is $175.94. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $232.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT) last released 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. The firm had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is currently 21.93%.

Applied Materials Company 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.