Agate Pass Investment Management LLC Grows Stock Holdings in Applied Materials, Inc. $AMAT

Agate Pass Investment Management LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,615 shares of the manufacturing equipment provider’s stock after acquiring an additional 180 shares during the period. Agate Pass Investment Management LLC’s holdings in Applied Materials were worth $1,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $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 during the 1st quarter valued at $29,000. Maseco LLP purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $30,000. 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 valued at $31,000 after buying 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 valued at $31,000 after buying an additional 213 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $209.95 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49. The firm has a 50-day simple moving average of $182.60 and a 200 day simple moving average of $171.47. The company has a market cap of $167.25 billion, a PE ratio of 25.02, a P/E/G ratio of 2.89 and a beta of 1.82.

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, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.9%. Applied Materials’s dividend payout ratio is 21.93%.

Analyst Ratings Changes

Several analysts have recently issued reports on AMAT shares. Morgan Stanley raised shares of Applied Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Barclays upped their target price on shares of Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. The Goldman Sachs Group upped their target price on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company upped 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. Finally, Evercore ISI restated an “outperform” rating and issued a $209.00 target price on shares of Applied Materials in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.50.

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.