Balboa Wealth Partners Boosts Holdings in Applied Materials, Inc. $AMAT

Balboa Wealth Partners lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 3.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,019 shares of the manufacturing equipment provider’s stock after acquiring an additional 248 shares during the quarter. Balboa Wealth Partners’ holdings in Applied Materials were worth $1,468,000 at the end of the most recent quarter.

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

Applied Materials Trading Down 1.2%

Shares of AMAT opened at $224.99 on Monday. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $232.07. 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 firm’s 50-day moving average price is $186.80 and its 200-day moving average price is $174.57. The firm has a market capitalization of $179.24 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.81 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Redburn Atlantic cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating and cut their target price for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Daiwa Capital Markets reissued a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Cfra Research raised shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. TD Cowen dropped their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, Wolfe Research reduced their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Applied Materials Company 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.