Kingsview Wealth Management LLC Buys 1,809 Shares of Applied Materials, Inc. $AMAT

Kingsview Wealth Management LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,623 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,809 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Applied Materials were worth $3,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Applied Materials by 2.0% in the second quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock worth $3,836,807,000 after buying an additional 407,282 shares during the period. Bank of New York Mellon Corp grew its position in Applied Materials by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock worth $1,455,716,000 after acquiring an additional 291,358 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. Sanders Capital LLC bought a new stake in Applied Materials in the second quarter valued at approximately $1,409,320,000. Finally, Amundi boosted its stake in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMAT. Deutsche Bank Aktiengesellschaft cut their target price on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, August 15th. TD Cowen lowered their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Cowen reissued a “buy” rating on shares of Applied Materials in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Applied Materials in a research report on Friday, November 14th. Finally, Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $250.00 in a report on Monday, October 13th. Nineteen investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.74.

Applied Materials Stock Down 1.6%

NASDAQ AMAT opened at $225.12 on Wednesday. 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’s 50 day moving average is $214.84 and its 200 day moving average is $188.37. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50. The stock has a market cap of $179.34 billion, a PE ratio of 26.83, 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date 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 presently 21.20%.

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.