Applied Materials, Inc. $AMAT Position Lowered by Davis Selected Advisers

Davis Selected Advisers reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,957,593 shares of the manufacturing equipment provider’s stock after selling 35,579 shares during the period. Applied Materials makes up approximately 4.9% of Davis Selected Advisers’ holdings, making the stock its 4th largest holding. Davis Selected Advisers’ holdings in Applied Materials were worth $907,587,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its position 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 valued at $2,061,000 after buying an additional 2,771 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Applied Materials by 155.8% in the first quarter. Edgestream Partners L.P. now owns 13,098 shares of the manufacturing equipment provider’s stock worth $1,901,000 after acquiring an additional 7,978 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Applied Materials by 2.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 794,431 shares of the manufacturing equipment provider’s stock valued at $115,288,000 after acquiring an additional 16,839 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Applied Materials by 30.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,108 shares of the manufacturing equipment provider’s stock valued at $886,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Applied Materials during the 1st quarter worth $776,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMAT shares. TD Cowen cut their price objective on Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a report on Friday, October 3rd. DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research report on Friday, August 15th. KeyCorp increased their price objective on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research note on Wednesday, October 8th. 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 data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $223.23 on Friday. The business has a 50 day moving average price of $211.01 and a two-hundred day moving average price of $186.28. 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 market cap of $177.83 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. 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 released its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, beating the consensus estimate of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.During the same quarter in the previous year, the company posted $2.32 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business 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 (DPR) is currently 21.93%.

Applied Materials Company 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.