Applied Materials, Inc. $AMAT Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC lessened its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,984 shares of the manufacturing equipment provider’s stock after selling 85 shares during the quarter. Evermay Wealth Management LLC’s holdings in Applied Materials were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. increased its stake in 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 purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Applied Materials in the 1st quarter valued at about $29,000. Maseco LLP acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of 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 valued at $31,000 after buying an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its stake in Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Down 1.2%

Shares of Applied Materials stock opened at $224.99 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 $232.07. The business’s fifty day moving average price is $186.80 and its two-hundred day moving average price is $174.57. The company has a market capitalization of $179.24 billion, a P/E ratio of 26.82, a PEG ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS 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 company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the company earned $2.12 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid 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 of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Analysts Set New Price Targets

AMAT has been the topic of a number of recent research reports. TD Cowen cut 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. Cfra Research raised Applied Materials to a “hold” rating in a report on Friday, August 15th. Wells Fargo & Company boosted their price objective on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 15th. Finally, The Goldman Sachs Group raised their target price on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

About Applied Materials

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.