1,289 Shares in Applied Materials, Inc. $AMAT Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,289 shares of the manufacturing equipment provider’s stock, valued at approximately $236,000.

A number of other large investors have also recently made changes to their positions in the company. Avity Investment Management Inc. boosted its holdings in Applied Materials by 4.1% in the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider’s stock valued at $40,428,000 after purchasing an additional 8,680 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in Applied Materials in the first quarter valued at approximately $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Applied Materials by 12.7% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider’s stock valued at $3,867,000 after purchasing an additional 3,000 shares in the last quarter. Redwood Investment Management LLC boosted its holdings in Applied Materials by 311.2% in the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider’s stock valued at $1,876,000 after purchasing an additional 9,781 shares in the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in Applied Materials in the second quarter valued at approximately $410,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Price Performance

AMAT stock opened at $211.56 on Wednesday. The company has a market capitalization of $168.54 billion, a P/E ratio of 25.22, a PEG ratio of 2.93 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49. The business has a 50 day simple moving average of $180.63 and a 200-day simple moving average of $170.31. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the company earned $2.12 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a report on Friday, August 15th. Wolfe Research lowered their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Bank of America reaffirmed a “neutral” rating and issued a $180.00 price target (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Wall Street Zen downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Citigroup decreased their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.12.

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.