Applied Materials, Inc. $AMAT Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 22.4% in the 2nd quarter, Holdings Channel reports. The fund owned 77,117 shares of the manufacturing equipment provider’s stock after selling 22,311 shares during the period. Brookstone Capital Management’s holdings in Applied Materials were worth $14,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Maseco LLP purchased a new position in Applied Materials in the second quarter valued at about $30,000. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the 1st quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Activest Wealth Management boosted its stake in shares of Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of Applied Materials during the 2nd quarter valued at approximately $47,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. B. Riley boosted their target price on shares of Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Mizuho increased their price target on shares of Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Wells Fargo & Company boosted their price objective on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Rothschild & Co Redburn cut Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Monday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.15.

Applied Materials Trading Down 0.9%

Applied Materials stock opened at $226.00 on Wednesday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $180.04 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.85 and a beta of 1.82. The firm has a 50-day moving average price of $188.42 and a two-hundred day moving average price of $175.63.

Applied Materials (NASDAQ:AMAT) last released its quarterly 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 company had revenue of $7.30 billion for 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 business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. 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 payout ratio is 21.93%.

Applied Materials 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.