Maple Capital Management Inc. Has $16.19 Million Position in Applied Materials, Inc. $AMAT

Maple Capital Management Inc. boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,441 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,673 shares during the quarter. Applied Materials comprises about 1.1% of Maple Capital Management Inc.’s holdings, making the stock its 29th biggest position. Maple Capital Management Inc.’s holdings in Applied Materials were worth $16,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Applied Materials by 5.2% in the second quarter. PNC Financial Services Group Inc. now owns 500,670 shares of the manufacturing equipment provider’s stock worth $91,658,000 after acquiring an additional 24,700 shares in the last quarter. denkapparat Operations GmbH raised its holdings in Applied Materials by 39.0% during the second quarter. denkapparat Operations GmbH now owns 6,128 shares of the manufacturing equipment provider’s stock worth $1,122,000 after buying an additional 1,718 shares during the last quarter. Tobam lifted its stake in shares of Applied Materials by 2,894.4% in the second quarter. Tobam now owns 539 shares of the manufacturing equipment provider’s stock valued at $99,000 after buying an additional 521 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives acquired a new position in shares of Applied Materials during the second quarter valued at about $5,767,000. Finally, Forsta AP Fonden increased its position in shares of Applied Materials by 7.8% during the second quarter. Forsta AP Fonden now owns 264,100 shares of the manufacturing equipment provider’s stock worth $48,349,000 after acquiring an additional 19,000 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

AMAT opened at $228.67 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $242.50. The firm has a 50-day moving average of $208.22 and a 200 day moving average of $185.70. 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 firm has a market cap of $182.17 billion, a P/E ratio of 27.26, a PEG ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last released its earnings results 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 net margin of 23.88% and a return on equity of 40.96%. 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 company earned $2.12 earnings per share. The company’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 EPS for the current year.

Applied Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised shares of Applied Materials from a “neutral” rating to a “buy” rating and raised their price target for the company from $180.00 to $250.00 in a research report on Monday, October 13th. Citigroup dropped their target price on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Morgan Stanley reissued an “overweight” rating and issued a $256.00 price target on shares of Applied Materials in a research report on Friday, October 31st. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Finally, Wells Fargo & Company increased their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $212.31.

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.