Grassi Investment Management Sells 1,050 Shares of Applied Materials, Inc. $AMAT

Grassi Investment Management reduced its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 273,851 shares of the manufacturing equipment provider’s stock after selling 1,050 shares during the period. Applied Materials makes up approximately 4.0% of Grassi Investment Management’s portfolio, making the stock its 6th biggest holding. Grassi Investment Management’s holdings in Applied Materials were worth $50,134,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Maseco LLP acquired a new stake in Applied Materials during the second quarter worth about $30,000. Runnymede Capital Advisors Inc. grew its stake in shares of Applied Materials by 972.2% during the 1st 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 acquired a new stake in shares of Applied Materials during the 1st quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management grew its stake in shares of Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMAT has been the topic of several analyst reports. Citigroup dropped their price target on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Barclays raised their target price on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, August 15th. Finally, UBS Group dropped their price target on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average price target of $195.12.

Applied Materials Trading Down 2.7%

Shares of AMAT opened at $217.53 on Friday. 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’s fifty day moving average is $179.50 and its two-hundred day moving average is $169.31. The stock has a market cap of $173.29 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.93 and a beta of 1.82.

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

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is currently 21.93%.

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.