Mitchell Mcleod Pugh & Williams Inc. Purchases 100 Shares of Applied Materials, Inc. $AMAT

Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,876 shares of the manufacturing equipment provider’s stock after purchasing an additional 100 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Applied Materials were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Shelton Wealth Management LLC lifted its position 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 acquiring an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC lifted its position 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 acquiring an additional 51 shares in the last quarter. Narus Financial Partners LLC lifted its position 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 acquiring an additional 52 shares in the last quarter. AdvisorNet Financial Inc lifted its position 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 acquiring an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC lifted its position 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 worth $293,000 after acquiring an additional 53 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Trading Down 0.6%

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

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, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company 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 dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is presently 21.93%.

Analyst Ratings Changes

AMAT has been the topic of several recent research reports. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $172.00 to $209.00 in a research report on Monday, September 22nd. TD Cowen dropped their target price 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. KeyCorp increased their target price on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and increased their target price for the stock from $180.00 to $250.00 in a research report on Monday. Finally, Barclays increased their price objective on Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and an average 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.