Applied Materials, Inc. $AMAT Position Trimmed by Guinness Asset Management LTD

Guinness Asset Management LTD lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,688 shares of the manufacturing equipment provider’s stock after selling 4,578 shares during the quarter. Guinness Asset Management LTD’s holdings in Applied Materials were worth $41,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMAT. Shelton Wealth Management LLC raised its position in Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after acquiring an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC raised its stake in Applied Materials by 0.8% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after purchasing an additional 51 shares during the last quarter. Narus Financial Partners LLC lifted its stake in shares of Applied Materials by 3.8% in the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after buying an additional 52 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Applied Materials by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after acquiring an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC boosted its stake in Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after buying an additional 53 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Trading Up 0.1%

Shares of NASDAQ:AMAT opened at $228.75 on Monday. The company’s 50-day moving average price is $191.18 and its two-hundred day moving average price is $177.82. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $232.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a market capitalization of $182.23 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.86 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly 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 firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is 21.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho upped their price objective on Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley upgraded shares of Applied Materials from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $172.00 to $209.00 in a research report on Monday, September 22nd. Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. The Goldman Sachs Group increased their target price on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $250.00 in a report on Monday, October 13th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $209.15.

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.