Applied Materials, Inc. $AMAT Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE decreased its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 49,829 shares of the manufacturing equipment provider’s stock after selling 372 shares during the quarter. Applied Materials makes up 1.6% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 20th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Applied Materials were worth $9,122,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMAT. Nuveen LLC acquired a new position in Applied Materials in the 1st quarter worth about $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Applied Materials during the second quarter valued at approximately $882,396,000. Pacer Advisors Inc. raised its holdings in shares of Applied Materials by 2,401.0% during the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock valued at $445,056,000 after acquiring an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMAT. Evercore ISI reissued an “outperform” rating and set a $209.00 target price on shares of Applied Materials in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a report on Friday, August 15th. Daiwa Capital Markets reissued a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Wolfe Research cut their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Finally, Stifel Nicolaus increased their price target on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Applied Materials Trading Up 0.1%

Shares of Applied Materials stock opened at $227.72 on Friday. The firm has a market capitalization of $181.41 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.85 and a beta of 1.82. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $232.07. 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 50 day moving average of $185.99 and a 200 day moving average of $173.57.

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

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. 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.