Managed Asset Portfolios LLC Acquires 964 Shares of Applied Materials, Inc. $AMAT

Managed Asset Portfolios LLC boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,272 shares of the manufacturing equipment provider’s stock after buying an additional 964 shares during the quarter. Applied Materials makes up approximately 2.1% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 25th largest position. Managed Asset Portfolios LLC’s holdings in Applied Materials were worth $15,977,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. IFG Advisory LLC grew its stake in Applied Materials by 1,008.1% in 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 during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Applied Materials by 23.0% during the second quarter. Atlantic Union Bankshares Corp now owns 12,643 shares of the manufacturing equipment provider’s stock worth $2,315,000 after acquiring an additional 2,363 shares during the period. Sienna Gestion boosted its holdings in shares of Applied Materials by 10.2% during the second quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider’s stock worth $18,924,000 after acquiring an additional 10,468 shares during the period. Achmea Investment Management B.V. grew its position in shares of Applied Materials by 7.6% in the second quarter. Achmea Investment Management B.V. now owns 501,587 shares of the manufacturing equipment provider’s stock valued at $91,826,000 after purchasing an additional 35,437 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Applied Materials by 9.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider’s stock worth $14,129,000 after purchasing an additional 6,704 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT stock opened at $225.12 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50. The firm has a 50 day moving average of $214.84 and a 200-day moving average of $188.37. The company has a market cap of $179.34 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 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%. During the same period in the previous year, the business earned $2.32 earnings per share. Applied Materials’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently declared 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 yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is 21.20%.

Analyst Ratings Changes

AMAT has been the topic of a number of research reports. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $250.00 in a report on Monday, October 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $250.00 price target on shares of Applied Materials in a research report on Friday. Mizuho lowered their target price on Applied Materials from $215.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, November 14th. Citigroup increased their price objective on shares of Applied Materials from $205.00 to $250.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp raised their price objective on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Nineteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $226.74.

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.