Phoenix Financial Ltd. Sells 9,976 Shares of Applied Materials, Inc. $AMAT

Phoenix Financial Ltd. reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,313 shares of the manufacturing equipment provider’s stock after selling 9,976 shares during the quarter. Phoenix Financial Ltd.’s holdings in Applied Materials were worth $8,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shelton Wealth Management LLC raised its position in Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock worth $622,000 after acquiring an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC raised its position in Applied Materials by 0.8% during the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock worth $1,135,000 after acquiring an additional 51 shares in the last quarter. Narus Financial Partners LLC raised its position in Applied Materials by 3.8% during the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock worth $262,000 after acquiring an additional 52 shares in the last quarter. AdvisorNet Financial Inc raised its position in Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after acquiring an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC raised its position in Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after acquiring an additional 53 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Trading Up 1.4%

AMAT stock opened at $228.13 on Tuesday. 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 company’s 50-day simple moving average is $187.67 and its 200 day simple moving average is $175.28. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $232.07. The company has a market capitalization of $181.74 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last released 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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the company posted $2.12 earnings per share. Applied Materials’s revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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

Analyst Ratings Changes

AMAT has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. Redburn Atlantic downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating and decreased their price objective for the company from $225.00 to $200.00 in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, August 15th. Daiwa America downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, KeyCorp upped their price objective on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.15.

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.