Mediolanum International Funds Ltd Sells 81,378 Shares of Applied Materials, Inc. $AMAT

Mediolanum International Funds Ltd trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,919 shares of the manufacturing equipment provider’s stock after selling 81,378 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Applied Materials were worth $22,337,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMAT. Brighton Jones LLC lifted its stake in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after acquiring an additional 2,771 shares during the period. PFG Advisors increased its position in Applied Materials by 99.3% during the 1st quarter. PFG Advisors now owns 3,570 shares of the manufacturing equipment provider’s stock valued at $518,000 after purchasing an additional 1,779 shares during the period. Roundview Capital LLC increased its position in Applied Materials by 1.3% during the 1st quarter. Roundview Capital LLC now owns 12,251 shares of the manufacturing equipment provider’s stock valued at $1,778,000 after purchasing an additional 155 shares during the period. IMA Advisory Services Inc. bought a new position in Applied Materials during the 1st quarter worth approximately $866,000. Finally, Carnegie Investment Counsel lifted its position in shares of Applied Materials by 18.5% in the 1st quarter. Carnegie Investment Counsel now owns 150,727 shares of the manufacturing equipment provider’s stock worth $20,045,000 after purchasing an additional 23,496 shares during the period. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wolfe Research lowered their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. UBS Group reiterated a “neutral” rating and issued a $250.00 target price on shares of Applied Materials in a report on Friday, November 14th. Barclays boosted their price target on Applied Materials from $170.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Stifel Nicolaus increased their price target on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of Applied Materials in a research report on Friday, November 14th. Nineteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold 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 $226.74.

Applied Materials Stock Performance

NASDAQ AMAT opened at $220.23 on Friday. The company has a fifty day simple moving average of $217.28 and a 200 day simple moving average of $188.92. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $242.50. 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 company has a market cap of $175.44 billion, a P/E ratio of 26.25, a PEG ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.06. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. During the same quarter in the prior year, the business earned $2.32 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal 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 paid a $0.46 dividend. The ex-dividend date of this dividend 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 21.20%.

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.