Milestone Asset Management LLC Sells 414 Shares of Applied Materials, Inc. $AMAT

Milestone Asset Management LLC decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,273 shares of the manufacturing equipment provider’s stock after selling 414 shares during the period. Milestone Asset Management LLC’s holdings in Applied Materials were worth $599,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMAT. Nuveen LLC bought a new stake in shares of Applied Materials during the first quarter worth $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Applied Materials during the second quarter worth $882,396,000. Pacer Advisors Inc. increased its position in shares of Applied Materials by 2,401.0% during 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Applied Materials by 43.6% during 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Citigroup reduced their target price on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Barclays increased their target price on shares of Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Finally, TD Cowen reduced their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average price target of $210.96.

Applied Materials Stock Performance

Shares of AMAT stock opened at $230.19 on Wednesday. The stock has a market cap of $183.38 billion, a P/E ratio of 27.44, 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. The company has a fifty day moving average price of $201.03 and a two-hundred day moving average price of $182.54. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50.

Applied Materials (NASDAQ:AMAT) last announced 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. The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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 paid a $0.46 dividend. 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 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.