Newman Dignan & Sheerar Inc. Has $901,000 Holdings in Applied Materials, Inc. $AMAT

Newman Dignan & Sheerar Inc. cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 4,921 shares of the manufacturing equipment provider’s stock after selling 113 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Applied Materials were worth $901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of 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 valued at $1,140,836,000 after buying an additional 1,502,995 shares during the period. Amundi grew its holdings in Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the period. Nuveen LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at $1,085,600,000. Deutsche Bank AG lifted its stake in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Up 6.3%

Shares of AMAT stock opened at $217.74 on Thursday. The company has a market capitalization of $173.46 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 2.68 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $218.44. The firm has a fifty day moving average of $178.15 and a 200-day moving average of $168.40. 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 (NASDAQ:AMAT) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the business earned $2.12 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analyst Upgrades and Downgrades

AMAT has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Applied Materials from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Redburn Atlantic cut Applied Materials from a “strong-buy” rating to a “hold” rating and lowered their price target for the company from $225.00 to $200.00 in a research note on Monday, July 7th. TD Cowen cut their price target on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Daiwa Capital Markets restated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Finally, Wells Fargo & Company lowered their target price on shares of Applied Materials from $215.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.15.

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.