RMG Wealth Management LLC Invests $47,000 in Applied Materials, Inc. $AMAT

RMG Wealth Management LLC bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, Holdings Channel.com reports. The firm bought 243 shares of the manufacturing equipment provider’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in shares of Applied Materials by 23.6% in 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 during the last quarter. Amundi lifted its holdings in shares of Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new position in shares of Applied Materials in the first quarter worth about $1,085,600,000. Deutsche Bank AG lifted its holdings in shares of Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after acquiring an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Applied Materials by 43.6% in 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 during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMAT shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 price objective on shares of Applied Materials in a report on Friday, October 3rd. Daiwa America lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Citigroup dropped their price objective 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. Morgan Stanley upgraded shares of Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $172.00 to $209.00 in a report on Monday, September 22nd. Finally, Wolfe Research dropped their price objective on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Applied Materials has a consensus rating of “Moderate Buy” and an average target price of $195.12.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $211.56 on Wednesday. The company has a market capitalization of $168.54 billion, a PE ratio of 25.22, a P/E/G ratio of 2.93 and a beta of 1.82. The company has a 50 day simple moving average of $180.63 and a two-hundred day simple moving average of $170.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during 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%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. 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. Research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is 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.