DNB Asset Management AS Acquires 36,578 Shares of Applied Materials, Inc. $AMAT

DNB Asset Management AS grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 24.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,042 shares of the manufacturing equipment provider’s stock after purchasing an additional 36,578 shares during the period. DNB Asset Management AS’s holdings in Applied Materials were worth $33,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC raised its position in Applied Materials by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock worth $3,836,807,000 after buying an additional 407,282 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Applied Materials by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock worth $1,455,716,000 after acquiring an additional 291,358 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after purchasing an additional 1,502,995 shares during the last quarter. Sanders Capital LLC purchased a new position in shares of Applied Materials during the second quarter valued at approximately $1,409,320,000. Finally, Amundi boosted its holdings in 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 purchasing an additional 1,046,635 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $220.23 on Friday. 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 stock has a 50-day simple moving average of $217.28 and a two-hundred day simple moving average of $188.92. The firm has a market capitalization of $175.44 billion, a PE ratio of 26.25, a P/E/G ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $242.50.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is 21.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BNP Paribas raised shares of Applied Materials to a “hold” rating in a research report on Monday. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Evercore ISI reissued an “outperform” rating and issued a $290.00 target price on shares of Applied Materials in a report on Friday, November 14th. Stifel Nicolaus raised their target price on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price target on shares of Applied Materials in a research report on Friday, November 14th. Nineteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.74.

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.