Kornitzer Capital Management Inc. KS Has $1.18 Million Position in Applied Materials, Inc. $AMAT

Kornitzer Capital Management Inc. KS grew its position in Applied Materials, Inc. (NASDAQ:AMAT) by 20.4% during the 2nd quarter, Holdings Channel reports. The firm owned 6,442 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,092 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Applied Materials were worth $1,179,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials in the first quarter valued at about $29,000. Maseco LLP acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd grew its position in 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 acquiring an additional 174 shares during the last quarter. Activest Wealth Management increased its holdings in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC raised its position in Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

AMAT opened at $228.75 on Monday. The company has a fifty day moving average price of $191.18 and a two-hundred day moving average price of $177.82. The firm has a market capitalization of $182.23 billion, a PE ratio of 27.26, a P/E/G ratio of 2.86 and a beta of 1.82. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $232.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 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 during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The firm’s quarterly revenue 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. As a group, analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMAT. KeyCorp increased their target price on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, August 15th. Wells Fargo & Company upped their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Evercore ISI reissued an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a research note on Friday, August 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $225.00 price objective on shares of Applied Materials in a research report on Friday, October 3rd. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.