New Millennium Group LLC Grows Position in Applied Materials, Inc. $AMAT

New Millennium Group LLC increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 21,788.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,193 shares of the manufacturing equipment provider’s stock after purchasing an additional 9,151 shares during the period. Applied Materials makes up 0.9% of New Millennium Group LLC’s portfolio, making the stock its 29th largest holding. New Millennium Group LLC’s holdings in Applied Materials were worth $1,683,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Maseco LLP purchased a new position in shares of Applied Materials during the 2nd quarter worth about $30,000. Clal Insurance Enterprises Holdings Ltd boosted its stake 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 worth $31,000 after purchasing an additional 174 shares during the period. Activest Wealth Management boosted its stake in shares of Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares during the period. Disciplina Capital Management LLC boosted its stake in shares of Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Greenline Partners LLC purchased a new position in shares of Applied Materials during the 1st quarter worth about $39,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Down 3.2%

Shares of AMAT stock opened at $230.19 on Wednesday. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $242.50. The stock’s fifty day moving average price is $201.03 and its 200 day moving average price is $182.54. 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 market cap of $183.38 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.95 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 for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the previous year, the business earned $2.12 EPS. The firm’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, research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business 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 dividend of $0.46 per share. 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 is presently 21.93%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMAT shares. The Goldman Sachs Group lifted their price objective on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 9th. UBS Group decreased their price objective on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Daiwa America lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. Finally, TD Cowen decreased their target price on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.96.

Applied Materials 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.