Grandfield & Dodd LLC Has $46.16 Million Stock Position in Applied Materials, Inc. $AMAT

Grandfield & Dodd LLC increased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,114 shares of the manufacturing equipment provider’s stock after acquiring an additional 29,956 shares during the period. Applied Materials makes up approximately 2.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 9th biggest position. Grandfield & Dodd LLC’s holdings in Applied Materials were worth $46,155,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Sittner & Nelson LLC increased its position in shares of Applied Materials by 88.6% during the 2nd quarter. Sittner & Nelson LLC now owns 1,277 shares of the manufacturing equipment provider’s stock valued at $234,000 after purchasing an additional 600 shares during the last quarter. Nixon Peabody Trust Co. purchased a new position in Applied Materials during the second quarter worth $207,000. Fiera Capital Corp boosted its stake in Applied Materials by 17.4% during the second quarter. Fiera Capital Corp now owns 49,529 shares of the manufacturing equipment provider’s stock worth $9,067,000 after buying an additional 7,356 shares during the period. Avalon Trust Co increased its position in Applied Materials by 532.9% during the second quarter. Avalon Trust Co now owns 1,000 shares of the manufacturing equipment provider’s stock valued at $183,000 after acquiring an additional 842 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Applied Materials in the second quarter valued at $368,000. 80.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the topic of several analyst reports. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a report on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Applied Materials in a research report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of Applied Materials in a report on Friday. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Stifel Nicolaus upped their price objective on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Applied Materials Price Performance

Shares of AMAT stock opened at $223.23 on Friday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $242.50. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $211.01 and a two-hundred day simple moving average of $186.28. The stock has a market capitalization of $177.83 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.95 and a beta of 1.84.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is presently 21.93%.

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.