Daymark Wealth Partners LLC Raises Stake in Applied Materials, Inc. $AMAT

Daymark Wealth Partners LLC lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,348 shares of the manufacturing equipment provider’s stock after purchasing an additional 109 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Applied Materials were worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMAT. Brighton Jones LLC grew its holdings in shares of Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after purchasing an additional 2,771 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Applied Materials by 3.4% during the 1st quarter. Golden State Wealth Management LLC now owns 4,447 shares of the manufacturing equipment provider’s stock worth $645,000 after purchasing an additional 146 shares during the period. Sovran Advisors LLC grew its holdings in shares of Applied Materials by 26.7% during the 1st quarter. Sovran Advisors LLC now owns 1,939 shares of the manufacturing equipment provider’s stock worth $267,000 after purchasing an additional 409 shares during the period. Smith Salley Wealth Management grew its holdings in shares of Applied Materials by 16.5% during the 1st quarter. Smith Salley Wealth Management now owns 1,554 shares of the manufacturing equipment provider’s stock worth $226,000 after purchasing an additional 220 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials during the 1st quarter worth $29,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Price Performance

AMAT stock opened at $235.75 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The firm has a market capitalization of $187.81 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.85 and a beta of 1.82. The business’s 50-day moving average is $195.34 and its two-hundred day moving average is $179.65. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $237.39.

Applied Materials (NASDAQ:AMAT) last posted 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. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate 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. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Daiwa America lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Wells Fargo & Company increased their target price on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley raised Applied Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $172.00 to $209.00 in a research note on Monday, September 22nd. Finally, Rothschild & Co Redburn lowered 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. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.15.

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.