Joel Isaacson & Co. LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 4.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,299 shares of the manufacturing equipment provider’s stock after selling 160 shares during the period. Joel Isaacson & Co. LLC’s holdings in Applied Materials were worth $604,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Maseco LLP purchased a new stake in Applied Materials during the 2nd quarter worth about $30,000. Runnymede Capital Advisors Inc. increased its holdings in Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the 1st quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management increased its holdings in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analysts Set New Price Targets
AMAT has been the topic of several recent research reports. TD Cowen cut their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 15th. UBS Group cut their price target on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Barclays upped their price target on Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Citigroup dropped their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, The Goldman Sachs Group began coverage on Applied Materials in a report on Thursday, July 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $195.12.
Applied Materials Trading Down 5.5%
NASDAQ:AMAT opened at $211.56 on Wednesday. The stock’s 50 day moving average price is $180.63 and its 200 day moving average price is $170.31. The company has a market capitalization of $168.54 billion, a PE ratio of 25.22, a P/E/G ratio of 2.93 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, Inc. has a 52-week low of $123.74 and a 52-week high of $226.49.
Applied Materials (NASDAQ:AMAT – Get Free Report) last released its quarterly 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. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.
Applied Materials Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date 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.
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