Matrix Asset Advisors Inc. NY Invests $9.35 Million in Applied Materials, Inc. $AMAT

Matrix Asset Advisors Inc. NY acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 51,071 shares of the manufacturing equipment provider’s stock, valued at approximately $9,350,000.

Other large investors also recently modified their holdings of the company. Shelton Wealth Management LLC lifted its stake in Applied Materials by 1.5% in the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC lifted its stake in Applied Materials by 0.8% in 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 Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 52 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Applied Materials by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock valued at $358,000 after purchasing an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC lifted its stake in Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock valued at $293,000 after purchasing an additional 53 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMAT. B. Riley raised their target price on shares of Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price for the company. in a research note on Friday, August 15th. Daiwa America downgraded shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Seventeen 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.50.

Applied Materials Trading Down 4.7%

Shares of AMAT stock opened at $209.95 on Friday. The firm has a 50 day moving average price of $182.60 and a two-hundred day moving average price of $171.62. 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 company has a market capitalization of $167.25 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.49.

Applied Materials (NASDAQ:AMAT) last announced its earnings results 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 company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period last year, the firm earned $2.12 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Applied Materials 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.