Geode Capital Management LLC Raises Stake in Applied Materials, Inc. $AMAT

Geode Capital Management LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,026,363 shares of the manufacturing equipment provider’s stock after purchasing an additional 407,282 shares during the period. Geode Capital Management LLC’s holdings in Applied Materials were worth $3,836,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Maseco LLP bought a new stake in Applied Materials during the second quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Activest Wealth Management raised its stake in 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 purchasing an additional 213 shares during the period. Disciplina Capital Management LLC raised its stake in Applied Materials by 91.5% during the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Greenline Partners LLC purchased a new position in Applied Materials in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMAT. Citigroup cut their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $256.00 price target on shares of Applied Materials in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Eighteen equities research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $212.31.

Applied Materials Stock Performance

Applied Materials stock opened at $228.67 on Wednesday. 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 twelve month low of $123.74 and a twelve month high of $242.50. The company’s 50-day moving average price is $208.22 and its 200-day moving average price is $185.70. The company has a market cap of $182.17 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s payout ratio is presently 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.