Envestnet Asset Management Inc. Sells 345,254 Shares of Applied Materials, Inc. $AMAT

Envestnet Asset Management Inc. decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 22.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,194,181 shares of the manufacturing equipment provider’s stock after selling 345,254 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Applied Materials were worth $218,568,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMAT. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials in the first quarter worth $29,000. Maseco LLP bought a new position in Applied Materials in the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Activest Wealth Management raised its holdings in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC raised its holdings in Applied Materials by 91.5% in the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT opened at $231.33 on Tuesday. The firm has a market cap of $184.29 billion, a PE ratio of 27.57, a P/E/G ratio of 2.86 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $192.53 and a two-hundred day simple moving average of $178.39. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $235.79.

Applied Materials (NASDAQ:AMAT) last announced 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 analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of research reports. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $172.00 to $209.00 in a report on Monday, September 22nd. B. Riley raised their price target on Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 10th. Redburn Atlantic downgraded Applied Materials from a “strong-buy” rating to a “hold” rating and reduced their price target for the company from $225.00 to $200.00 in a report on Monday, July 7th. Stifel Nicolaus raised their price target on Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a report on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus target price 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.