Canvas Wealth Advisors LLC Has $250,000 Holdings in Applied Materials, Inc. $AMAT

Canvas Wealth Advisors LLC trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 19.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,316 shares of the manufacturing equipment provider’s stock after selling 318 shares during the period. Canvas Wealth Advisors LLC’s holdings in Applied Materials were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Shelton Wealth Management LLC increased its stake in shares of Applied Materials by 1.5% during the 2nd 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 increased its position in 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 buying an additional 51 shares during the last quarter. Narus Financial Partners LLC increased its position in 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 buying an additional 52 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Applied Materials by 2.7% in the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after buying an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC lifted its position in shares of Applied Materials by 3.4% in the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMAT shares. DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price on the stock. in a report on Friday, August 15th. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a report on Friday, August 15th. Stifel Nicolaus raised their target price on shares of Applied Materials from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. B. Riley lifted their target price on shares of Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Citigroup lowered their price target on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.15.

Applied Materials Price Performance

NASDAQ:AMAT opened at $228.13 on Tuesday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $232.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm’s 50-day simple moving average is $187.67 and its 200 day simple moving average is $175.28. The firm has a market cap of $181.74 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. 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 business posted $2.12 EPS. The business’s 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, sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s payout ratio 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.