RBA Wealth Management LLC Has $5.21 Million Stock Holdings in Applied Materials, Inc. $AMAT

RBA Wealth Management LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,440 shares of the manufacturing equipment provider’s stock after acquiring an additional 574 shares during the period. Applied Materials comprises 1.9% of RBA Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. RBA Wealth Management LLC’s holdings in Applied Materials were worth $5,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMAT. Maseco LLP purchased a new stake in Applied Materials during the second quarter valued at about $30,000. Runnymede Capital Advisors Inc. increased its stake in Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMAT shares. Bank of America reaffirmed a “neutral” rating and set a $180.00 price objective (down from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. KeyCorp lifted their price target on Applied Materials from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. Wolfe Research cut their target price on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Evercore ISI reissued an “outperform” rating and issued a $209.00 target price on shares of Applied Materials in a report on Friday, August 15th. Finally, Wall Street Zen cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Seventeen 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.15.

Applied Materials Trading Up 2.2%

Shares of AMAT opened at $203.92 on Friday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The stock has a market capitalization of $162.45 billion, a P/E ratio of 24.31, a PEG ratio of 2.91 and a beta of 1.77. The firm has a fifty day simple moving average of $176.94 and a two-hundred day simple moving average of $167.33. 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 (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the company earned $2.12 earnings per share. The business’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. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 0.9%. Applied Materials’s dividend payout ratio is presently 21.93%.

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.