Convergence Investment Partners LLC Makes New Investment in Applied Materials, Inc. $AMAT

Convergence Investment Partners LLC bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,242 shares of the manufacturing equipment provider’s stock, valued at approximately $227,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Applied Materials by 3.4% during the 1st quarter. Golden State Wealth Management LLC now owns 4,447 shares of the manufacturing equipment provider’s stock valued at $645,000 after acquiring an additional 146 shares in the last quarter. Joel Isaacson & Co. LLC acquired a new stake in shares of Applied Materials during the 1st quarter valued at about $502,000. Sovran Advisors LLC boosted its position in shares of Applied Materials by 26.7% during the 1st quarter. Sovran Advisors LLC now owns 1,939 shares of the manufacturing equipment provider’s stock valued at $267,000 after acquiring an additional 409 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its position in shares of Applied Materials by 3.8% during the 1st quarter. Essex Financial Services Inc. now owns 4,041 shares of the manufacturing equipment provider’s stock valued at $586,000 after acquiring an additional 147 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Up 1.1%

Shares of NASDAQ AMAT opened at $231.33 on Tuesday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $235.79. The firm’s 50-day simple moving average is $192.53 and its 200 day simple moving average is $178.39. The company has a market cap of $184.29 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.86 and a beta of 1.82. 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 announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Applied Materials’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, research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is 21.93%.

Analysts Set New Price Targets

AMAT has been the topic of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a report on Friday, August 15th. KeyCorp boosted their price target on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Mizuho boosted their price target on Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Daiwa Capital Markets restated a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Finally, UBS Group reduced their target price on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average price target of $209.15.

Applied Materials 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.