ProVise Management Group LLC Grows Stake in Applied Materials, Inc. $AMAT

ProVise Management Group LLC lifted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 140.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,275 shares of the manufacturing equipment provider’s stock after purchasing an additional 20,615 shares during the quarter. ProVise Management Group LLC’s holdings in Applied Materials were worth $6,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in Applied Materials in the first quarter worth about $1,085,600,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Applied Materials during the second quarter valued at approximately $882,396,000. Pacer Advisors Inc. increased its position in shares of Applied Materials by 2,401.0% during the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock valued at $445,056,000 after acquiring an additional 2,944,193 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 acquiring an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 1,502,995 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

AMAT has been the subject of several recent analyst reports. Barclays boosted their price target on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Stifel Nicolaus boosted their target price on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday. Daiwa Capital Markets restated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $220.00 to $260.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Applied Materials from $256.00 to $252.00 and set an “overweight” rating for the company in a report on Friday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and an average target price of $226.74.

Applied Materials Stock Performance

AMAT opened at $226.01 on Friday. The company’s 50 day moving average is $212.28 and its 200 day moving average is $186.80. 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 company has a market cap of $180.05 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $242.50.

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

Applied Materials Announces Dividend

The company also recently disclosed 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. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is presently 21.20%.

Applied Materials Company 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.