Concord Asset Management LLC VA Grows Position in Applied Materials, Inc. $AMAT

Concord Asset Management LLC VA lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,601 shares of the manufacturing equipment provider’s stock after buying an additional 89 shares during the quarter. Concord Asset Management LLC VA’s holdings in Applied Materials were worth $2,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted 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 buying an additional 1,502,995 shares in the last quarter. Amundi increased its position 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 position in shares of Applied Materials in the first quarter worth approximately $1,085,600,000. Deutsche Bank AG increased its position 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 position 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 hedge funds and other institutional investors.

Applied Materials Stock Down 4.7%

AMAT stock opened at $209.95 on Monday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The stock has a market cap of $167.25 billion, a P/E ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82. The business’s 50-day moving average price is $182.60 and its 200-day moving average price is $171.79.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the firm earned $2.12 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued 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 payout ratio is currently 21.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Redburn Atlantic lowered Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Daiwa Capital Markets reaffirmed 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. Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, B. Riley raised their price target on Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.50.

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.