Duncan Williams Asset Management LLC Purchases New Holdings in Applied Materials, Inc. $AMAT

Duncan Williams Asset Management LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,169 shares of the manufacturing equipment provider’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in Applied Materials during the 1st quarter worth $29,000. Maseco LLP acquired a new stake in shares of Applied Materials in the 2nd quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Activest Wealth Management increased its stake in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 213 shares during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Up 2.9%

Shares of AMAT stock opened at $223.91 on Tuesday. The stock has a market cap of $178.38 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.85 and a beta of 1.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49. The business has a fifty day simple moving average of $180.17 and a 200-day simple moving average of $170.02.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the firm earned $2.12 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts forecast 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. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date 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 currently 21.93%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Bank of America restated a “neutral” rating and issued a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Applied Materials in a report on Saturday, September 27th. The Goldman Sachs Group started coverage on Applied Materials in a report on Thursday, July 10th. They set a “buy” rating and a $225.00 price objective on the stock. UBS Group reduced their target price on Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Finally, Redburn Atlantic cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating and lowered their price target for the stock from $225.00 to $200.00 in a research note on Monday, July 7th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.12.

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.