Metis Global Partners LLC Sells 9,703 Shares of Applied Materials, Inc. $AMAT

Metis Global Partners LLC decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 20.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,486 shares of the manufacturing equipment provider’s stock after selling 9,703 shares during the period. Metis Global Partners LLC’s holdings in Applied Materials were worth $7,046,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. IFG Advisory LLC lifted its stake in shares of Applied Materials by 1,008.1% in the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider’s stock worth $6,619,000 after purchasing an additional 32,893 shares during the period. Sienna Gestion increased its holdings in Applied Materials by 10.2% during the second quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider’s stock valued at $18,924,000 after buying an additional 10,468 shares during the last quarter. Achmea Investment Management B.V. raised its position in Applied Materials by 7.6% in the second quarter. Achmea Investment Management B.V. now owns 501,587 shares of the manufacturing equipment provider’s stock worth $91,826,000 after acquiring an additional 35,437 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Applied Materials by 9.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider’s stock worth $14,129,000 after acquiring an additional 6,704 shares during the last quarter. Finally, Avity Investment Management Inc. grew its position in shares of Applied Materials by 4.1% during the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after acquiring an additional 8,680 shares during the period. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating and issued a $209.00 target price on shares of Applied Materials in a report on Friday, August 15th. JPMorgan Chase & Co. increased their target price on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, August 15th. B. Riley boosted their price target on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 10th. UBS Group dropped their price target on Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Finally, 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 research report on Thursday, October 9th. Eighteen 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $210.96.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $230.07 on Friday. The stock has a market cap of $183.28 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock has a 50 day moving average price of $205.31 and a 200-day moving average price of $183.96. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50.

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 analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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