Pflug Koory LLC Has $4.16 Million Stake in Applied Materials, Inc. $AMAT

Pflug Koory LLC trimmed its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,709 shares of the manufacturing equipment provider’s stock after selling 63 shares during the period. Applied Materials makes up about 2.1% of Pflug Koory LLC’s portfolio, making the stock its 5th biggest position. Pflug Koory LLC’s holdings in Applied Materials were worth $4,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its holdings in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials in the first quarter worth approximately $29,000. Maseco LLP purchased a new stake in shares of Applied Materials in the second quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd raised 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 worth $31,000 after buying an additional 174 shares during the period. Finally, Activest Wealth Management raised its holdings in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 213 shares during the period. 80.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMAT. UBS Group reduced their price target on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. JPMorgan Chase & Co. increased their price target on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Cfra Research upgraded Applied Materials to a “hold” rating in a report on Friday, August 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 price target on shares of Applied Materials in a report on Friday. Finally, The Goldman Sachs Group assumed 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. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.12.

Applied Materials Trading Down 2.7%

Shares of NASDAQ:AMAT opened at $217.53 on Friday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.41. The business’s fifty day simple moving average is $179.50 and its 200-day simple moving average is $169.31. The company has a market capitalization of $173.29 billion, a PE ratio of 25.93, a P/E/G ratio of 2.93 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the business posted $2.12 EPS. The business’s 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, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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