Torray Investment Partners LLC Sells 20,664 Shares of Applied Materials, Inc. $AMAT

Torray Investment Partners LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 39.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 31,620 shares of the manufacturing equipment provider’s stock after selling 20,664 shares during the quarter. Torray Investment Partners LLC’s holdings in Applied Materials were worth $5,789,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Applied Materials in the 2nd quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in 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. Activest Wealth Management raised its holdings in Applied Materials by 5,325.0% during the 1st 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. Quaker Wealth Management LLC raised its holdings in Applied Materials by 133.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 218 shares of the manufacturing equipment provider’s stock valued at $40,000 after buying an additional 873 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in Applied Materials during the 2nd quarter valued at $47,000. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMAT shares. Stifel Nicolaus upped their price target on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 13th. Mizuho boosted their price objective 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. Summit Insights downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective on the stock. in a research report on Friday, August 15th. Finally, Evercore ISI reissued an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a research report on Friday, August 15th. Eighteen investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.96.

Applied Materials Stock Up 0.2%

NASDAQ:AMAT opened at $233.10 on Monday. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $242.50. The firm’s 50-day moving average price is $198.20 and its 200-day moving average price is $181.18. The company has a market capitalization of $185.70 billion, a PE ratio of 27.78, a P/E/G ratio of 2.95 and a beta of 1.82. 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 (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the firm posted $2.12 EPS. Applied Materials’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. On average, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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