ProShare Advisors LLC Has $257.96 Million Stake in Applied Materials, Inc. $AMAT

ProShare Advisors LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,409,064 shares of the manufacturing equipment provider’s stock after buying an additional 54,419 shares during the quarter. ProShare Advisors LLC’s holdings in Applied Materials were worth $257,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Applied Materials during the first quarter worth $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Applied Materials in the 2nd quarter valued at $882,396,000. Pacer Advisors Inc. raised its holdings in shares of Applied Materials by 2,401.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock worth $445,056,000 after buying an additional 2,944,193 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Applied Materials by 43.6% during 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 buying an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $225.00 target price on shares of Applied Materials in a report on Friday, October 3rd. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research report on Friday, August 15th. Mizuho upped their price target on shares of Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. KeyCorp increased their price target on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective on the stock. in a research report on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.96.

Applied Materials Trading Down 1.5%

NASDAQ AMAT opened at $230.07 on Monday. The firm has a market capitalization of $183.28 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. The business’s 50-day moving average price is $205.31 and its two-hundred day moving average price is $184.56. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50.

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. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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