Sovereign Financial Group Inc. Invests $254,000 in Applied Materials, Inc. $AMAT

Sovereign Financial Group Inc. bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,390 shares of the manufacturing equipment provider’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Johnson Investment Counsel Inc. raised its position in shares of Applied Materials by 0.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 21,955 shares of the manufacturing equipment provider’s stock worth $4,019,000 after acquiring an additional 178 shares in the last quarter. waypoint wealth counsel grew its stake in Applied Materials by 40.7% during the 2nd quarter. waypoint wealth counsel now owns 2,676 shares of the manufacturing equipment provider’s stock worth $490,000 after buying an additional 774 shares during the last quarter. Matrix Asset Advisors Inc. NY purchased a new position in Applied Materials during the 2nd quarter worth approximately $9,350,000. Fifth Third Wealth Advisors LLC grew its stake in Applied Materials by 2.3% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 28,940 shares of the manufacturing equipment provider’s stock worth $5,298,000 after buying an additional 654 shares during the last quarter. Finally, Natural Investments LLC purchased a new position in Applied Materials during the 2nd quarter worth approximately $470,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Down 4.7%

Shares of AMAT stock opened at $209.95 on Monday. The business’s fifty day moving average price is $182.60 and its 200 day moving average price is $171.79. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $226.49. The firm has a market capitalization of $167.25 billion, a PE ratio of 25.02, a P/E/G ratio of 2.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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 firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. Applied Materials’s quarterly revenue 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, sell-side analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of research reports. Cfra Research upgraded Applied Materials to a “hold” rating in a research note on Friday, August 15th. Barclays raised their price target on Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $172.00 to $209.00 in a research note on Monday, September 22nd. TD Cowen dropped their price target on Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Monday, July 7th. Seventeen equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.50.

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.