Eastern Bank Sells 1,163 Shares of Applied Materials, Inc. $AMAT

Eastern Bank lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 112,766 shares of the manufacturing equipment provider’s stock after selling 1,163 shares during the period. Eastern Bank’s holdings in Applied Materials were worth $20,644,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Shelton Wealth Management LLC grew its holdings in shares of Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock worth $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC grew its holdings in shares of Applied Materials by 0.8% during the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock worth $1,135,000 after purchasing an additional 51 shares during the last quarter. Narus Financial Partners LLC grew its holdings in shares of Applied Materials by 3.8% during the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock worth $262,000 after purchasing an additional 52 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after purchasing an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC lifted its stake in shares of Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after acquiring an additional 53 shares during the period. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMAT shares. Wolfe Research cut their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $225.00 price target on shares of Applied Materials in a research note on Friday, October 3rd. Bank of America reaffirmed a “neutral” rating and set a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Rothschild & Co Redburn lowered Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Monday, July 7th. Finally, The Goldman Sachs Group upped their price target on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.50.

Applied Materials Trading Down 4.7%

NASDAQ:AMAT opened at $209.95 on Friday. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $226.49. The business’s 50-day moving average price is $182.60 and its two-hundred day moving average price is $171.47. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $167.25 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.89 and a beta of 1.82.

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 the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the firm posted $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, equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.9%. 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.