Obermeyer Wealth Partners Sells 795 Shares of Applied Materials, Inc. $AMAT

Obermeyer Wealth Partners cut its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 11.3% during the second quarter, Holdings Channel.com reports. The fund owned 6,225 shares of the manufacturing equipment provider’s stock after selling 795 shares during the period. Obermeyer Wealth Partners’ holdings in Applied Materials were worth $1,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Applied Materials during the 1st quarter worth $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new position in Applied Materials during the second quarter worth about $882,396,000. Pacer Advisors Inc. lifted its holdings in shares of Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock worth $445,056,000 after acquiring an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after purchasing an additional 1,502,995 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $250.00 in a report on Monday, October 13th. TD Cowen lowered their price objective on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Wells Fargo & Company raised their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Mizuho upped their price target on shares of Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $210.96.

Applied Materials Stock Performance

AMAT stock opened at $233.10 on Monday. The firm has a market cap of $185.70 billion, a PE ratio of 27.78, a P/E/G ratio of 2.95 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $242.50. 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 business has a 50 day moving average of $198.20 and a 200-day moving average of $181.18.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) 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 company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business posted $2.12 EPS. Applied Materials’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, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

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.