1,415 Shares in Applied Materials, Inc. $AMAT Bought by Abacus Planning Group Inc.

Abacus Planning Group Inc. acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,415 shares of the manufacturing equipment provider’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMAT. Ameriprise Financial Inc. boosted its position 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 buying an additional 1,502,995 shares during the period. Amundi lifted its stake in shares of Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials during the 1st quarter worth approximately $1,085,600,000. Deutsche Bank AG boosted its stake in shares of Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 2.7%

NASDAQ:AMAT opened at $217.53 on Friday. The stock has a market capitalization of $173.29 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.93 and a beta of 1.82. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $226.41. 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 50 day moving average of $179.50 and a 200 day moving average of $169.31.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the firm posted $2.12 earnings per share. The business’s quarterly revenue 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, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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 issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMAT. Daiwa Capital Markets reiterated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. TD Cowen reduced their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Wells Fargo & Company lowered their price target on Applied Materials from $215.00 to $205.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Wall Street Zen cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $172.00 to $209.00 in a report on Monday, September 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus target price of $195.12.

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.