Linscomb Wealth Inc. Buys New Shares in Applied Materials, Inc. $AMAT

Linscomb Wealth Inc. bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,104 shares of the manufacturing equipment provider’s stock, valued at approximately $202,000.

A number of other large investors also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Applied Materials during the 2nd quarter valued at $222,000. AMG National Trust Bank lifted its stake in shares of Applied Materials by 34.2% during the 2nd quarter. AMG National Trust Bank now owns 1,936 shares of the manufacturing equipment provider’s stock valued at $354,000 after buying an additional 493 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of Applied Materials by 10.5% during the 2nd quarter. Kovack Advisors Inc. now owns 3,435 shares of the manufacturing equipment provider’s stock valued at $629,000 after buying an additional 326 shares in the last quarter. Earned Wealth Advisors LLC lifted its stake in shares of Applied Materials by 3.4% during the 2nd quarter. Earned Wealth Advisors LLC now owns 2,148 shares of the manufacturing equipment provider’s stock valued at $393,000 after buying an additional 70 shares in the last quarter. Finally, IFG Advisory LLC lifted its stake in shares of Applied Materials by 1,008.1% during the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider’s stock valued at $6,619,000 after buying an additional 32,893 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $256.00 price target on shares of Applied Materials in a research note on Friday. Daiwa Capital Markets reiterated a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research note on Wednesday, October 8th. B. Riley boosted their price target on shares of Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, KeyCorp boosted their price target on shares of Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Eighteen 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 data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and an average price target of $210.96.

Applied Materials Price Performance

Shares of AMAT opened at $233.10 on Friday. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $242.50. The company has a 50 day moving average price of $198.20 and a 200-day moving average price of $180.88. 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 $185.70 billion, a PE ratio of 27.78, a PEG ratio of 2.95 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. Applied Materials’s revenue for the quarter 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. Equities analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date 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 presently 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.