Cullinan Associates Inc. Cuts Stock Holdings in Applied Materials, Inc. $AMAT

Cullinan Associates Inc. trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,823 shares of the manufacturing equipment provider’s stock after selling 1,157 shares during the quarter. Cullinan Associates Inc.’s holdings in Applied Materials were worth $11,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AMAT. DAVENPORT & Co LLC boosted its holdings in Applied Materials by 46.9% during the second quarter. DAVENPORT & Co LLC now owns 48,592 shares of the manufacturing equipment provider’s stock worth $8,897,000 after purchasing an additional 15,514 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Applied Materials by 45.2% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the manufacturing equipment provider’s stock worth $389,000 after buying an additional 661 shares in the last quarter. Glass Wealth Management Co LLC boosted its stake in shares of Applied Materials by 3.3% in the 2nd quarter. Glass Wealth Management Co LLC now owns 14,145 shares of the manufacturing equipment provider’s stock worth $2,590,000 after buying an additional 450 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Applied Materials by 16.2% in the 2nd quarter. Merit Financial Group LLC now owns 35,120 shares of the manufacturing equipment provider’s stock worth $6,429,000 after buying an additional 4,896 shares during the last quarter. Finally, Kickstand Ventures LLC. bought a new position in shares of Applied Materials in the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a research note on Saturday, September 27th. The Goldman Sachs Group assumed coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a “buy” rating and a $225.00 price target on the stock. Bank of America restated a “neutral” rating and set a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Finally, TD Cowen dropped their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.12.

Applied Materials Trading Down 2.7%

Shares of Applied Materials stock opened at $217.53 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.41. The firm has a market cap of $173.29 billion, a PE ratio of 25.93, a PEG ratio of 2.85 and a beta of 1.82. The company has a 50 day simple moving average of $179.50 and a two-hundred day simple moving average of $169.52.

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 the consensus estimate 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 quarter last year, the company posted $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. 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is presently 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.