Sound Shore Management Inc CT Takes Position in Applied Materials, Inc. $AMAT

Sound Shore Management Inc CT bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 364,517 shares of the manufacturing equipment provider’s stock, valued at approximately $66,732,000. Applied Materials makes up about 2.3% of Sound Shore Management Inc CT’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Shelton Wealth Management LLC raised its stake in 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 valued at $622,000 after acquiring an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC raised its position in Applied Materials by 0.8% during the 2nd 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 raised its position in Applied Materials by 3.8% during the 2nd 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 position in Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after buying an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC raised its position in Applied Materials by 3.4% during the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after buying an additional 53 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $240.89 on Thursday. The company has a market cap of $191.90 billion, a PE ratio of 28.71, a P/E/G ratio of 2.95 and a beta of 1.84. The firm has a 50-day simple moving average of $202.56 and a 200 day simple moving average of $182.95. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week 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.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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 given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Analyst Ratings Changes

AMAT has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. Cfra Research raised Applied Materials to a “hold” rating in a research report on Friday, August 15th. TD Cowen lowered their price target 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. Wolfe Research lowered their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Finally, Evercore ISI restated an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a research note 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.96.

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.