Pinnacle Wealth Management Advisory Group LLC Purchases 729 Shares of Applied Materials, Inc. $AMAT

Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.8% during the 2nd quarter, Holdings Channel reports. The fund owned 9,032 shares of the manufacturing equipment provider’s stock after purchasing an additional 729 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Applied Materials were worth $1,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMAT. Shelton Wealth Management LLC lifted its position in Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC raised its position in shares of Applied Materials by 0.8% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock valued at $1,135,000 after buying an additional 51 shares in the last quarter. Narus Financial Partners LLC lifted its holdings in shares of Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after acquiring an additional 52 shares during the last quarter. AdvisorNet Financial Inc grew its position in Applied Materials by 2.7% in the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after acquiring an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC increased its stake in Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after acquiring an additional 53 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Down 1.5%

NASDAQ:AMAT opened at $230.07 on Friday. The company has a market cap of $183.28 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. 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 $205.31 and a 200-day simple moving average of $184.28.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS 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 for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the business posted $2.12 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMAT shares. Barclays raised their price objective on Applied Materials from $170.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Evercore ISI restated an “outperform” rating and issued a $209.00 price target on shares of Applied Materials in a research report on Friday, August 15th. Citigroup dropped their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, August 15th. Finally, Daiwa Capital Markets restated a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. 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 stock. Based on data from MarketBeat.com, Applied Materials presently has a consensus rating of “Moderate Buy” and an average target price of $210.96.

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.