Axxcess Wealth Management LLC Increases Position in Applied Materials, Inc. $AMAT

Axxcess Wealth Management LLC grew its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 14.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 30,490 shares of the manufacturing equipment provider’s stock after purchasing an additional 3,938 shares during the period. Axxcess Wealth Management LLC’s holdings in Applied Materials were worth $5,582,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. grew its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after buying an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $29,000. Maseco LLP purchased a new stake in shares of Applied Materials during the second quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Down 0.6%

AMAT opened at $218.19 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $226.49. The company has a market capitalization of $173.82 billion, a PE ratio of 26.01, a PEG ratio of 2.88 and a beta of 1.82. The firm’s 50 day simple moving average is $184.11 and its two-hundred day simple moving average is $172.62.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping 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 business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the firm 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. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. UBS Group dropped their target price on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. 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 report on Friday, August 15th. Daiwa America cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $225.00 target price on shares of Applied Materials in a report on Friday, October 3rd. Eighteen equities 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 stock. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $204.54.

Applied Materials 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.