Applied Materials, Inc. $AMAT Stake Reduced by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 2.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,514 shares of the manufacturing equipment provider’s stock after selling 100 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Applied Materials were worth $826,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its position in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the last quarter. Amundi increased its holdings in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the period. Nuveen LLC acquired a new stake in Applied Materials in the first quarter worth about $1,085,600,000. Deutsche Bank AG grew its position in Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after buying an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Applied Materials by 43.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after buying an additional 1,691,428 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

NASDAQ:AMAT opened at $223.59 on Friday. 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, Inc. has a one year low of $123.74 and a one year high of $226.41. The company has a fifty day moving average price of $178.86 and a 200 day moving average price of $168.87. The stock has a market cap of $178.12 billion, a P/E ratio of 26.65, a PEG ratio of 2.85 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results 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. The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share 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 issued 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 (DPR) is currently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of research analyst reports. Daiwa America lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Wolfe Research decreased their price target on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Cfra Research raised Applied Materials to a “hold” rating in a research note on Friday, August 15th. Rothschild & Co Redburn lowered Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Monday, July 7th. Finally, Barclays upped their target price on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.15.

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.