Applied Materials, Inc. $AMAT Shares Bought by Sittner & Nelson LLC

Sittner & Nelson LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 88.6% during the second quarter, HoldingsChannel.com reports. The firm owned 1,277 shares of the manufacturing equipment provider’s stock after purchasing an additional 600 shares during the period. Sittner & Nelson LLC’s holdings in Applied Materials were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Shelton Wealth Management LLC increased its holdings in Applied Materials by 1.5% in the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after buying an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC grew its holdings in shares of Applied Materials by 0.8% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock worth $1,135,000 after acquiring an additional 51 shares during the period. Narus Financial Partners LLC increased its stake in Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 52 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after purchasing an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its position in Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $223.23 on Friday. The company has a 50-day simple moving average of $211.01 and a 200-day simple moving average of $186.28. 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 company has a market cap of $177.83 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current 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 given a $0.46 dividend. 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 payout ratio is currently 21.93%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMAT shares. Wells Fargo & Company raised their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. TD Cowen lowered their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. The Goldman Sachs Group upped their price target on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Wolfe Research dropped their price objective on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

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.