Bruce G. Allen Investments LLC Purchases 193 Shares of Applied Materials, Inc. $AMAT

Bruce G. Allen Investments LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 44.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 627 shares of the manufacturing equipment provider’s stock after purchasing an additional 193 shares during the period. Bruce G. Allen Investments LLC’s holdings in Applied Materials were worth $115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pines Wealth Management LLC bought a new stake in Applied Materials in the 2nd quarter worth about $256,000. Taylor Hoffman Capital Management LLC boosted its stake in shares of Applied Materials by 3.4% in the 2nd quarter. Taylor Hoffman Capital Management LLC now owns 47,441 shares of the manufacturing equipment provider’s stock worth $8,685,000 after buying an additional 1,570 shares during the last quarter. Graves Light Lenhart Wealth Inc. bought a new position in shares of Applied Materials in the second quarter valued at approximately $215,000. Pallas Capital Advisors LLC grew its holdings in shares of Applied Materials by 10.8% in the second quarter. Pallas Capital Advisors LLC now owns 8,236 shares of the manufacturing equipment provider’s stock valued at $1,508,000 after acquiring an additional 806 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Applied Materials by 4.9% during the second quarter. Aaron Wealth Advisors LLC now owns 9,303 shares of the manufacturing equipment provider’s stock valued at $1,703,000 after acquiring an additional 433 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Up 1.5%

AMAT opened at $173.54 on Wednesday. The firm has a market capitalization of $138.25 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.77. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70. The company has a fifty day moving average price of $176.96 and a 200-day moving average price of $164.90. 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 issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (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 company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the business posted $2.12 earnings per share. The firm’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. Equities research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share 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. 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 1.1%. Applied Materials’s payout ratio is presently 21.93%.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AMAT has been the topic of several research analyst reports. Summit Insights cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Bank of America reissued a “neutral” rating and issued a $180.00 price target (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Evercore ISI restated an “outperform” rating and set a $209.00 price target on shares of Applied Materials in a research report on Friday, August 15th. Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus dropped their target price on shares of Applied Materials from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.92.

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.