Wealthfront Advisers LLC Has $18.80 Million Stock Position in Applied Materials, Inc. $AMAT

Wealthfront Advisers LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 7.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 102,713 shares of the manufacturing equipment provider’s stock after selling 8,076 shares during the quarter. Wealthfront Advisers LLC’s holdings in Applied Materials were worth $18,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its position in Applied Materials by 9.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider’s stock worth $14,129,000 after acquiring an additional 6,704 shares during the last quarter. QV Investors Inc. increased its stake in shares of Applied Materials by 60.3% in the second quarter. QV Investors Inc. now owns 81,340 shares of the manufacturing equipment provider’s stock worth $14,891,000 after purchasing an additional 30,610 shares during the period. Prudent Man Advisors LLC lifted its position in shares of Applied Materials by 84.3% during the 2nd quarter. Prudent Man Advisors LLC now owns 7,725 shares of the manufacturing equipment provider’s stock worth $1,414,000 after purchasing an additional 3,534 shares during the last quarter. McCarthy Asset Management Inc. bought a new stake in Applied Materials during the 2nd quarter valued at approximately $212,000. Finally, Fiduciary Wealth Partners LLC grew its holdings in Applied Materials by 391.1% in the 2nd quarter. Fiduciary Wealth Partners LLC now owns 1,547 shares of the manufacturing equipment provider’s stock valued at $283,000 after buying an additional 1,232 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Trading Up 0.1%

Shares of AMAT stock opened at $228.75 on Friday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07. The stock has a market cap of $182.23 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.86 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a fifty day moving average of $191.18 and a 200-day moving average of $177.63.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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 issued a $0.46 dividend. 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 is presently 21.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. TD Cowen cut their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, August 15th. JPMorgan Chase & Co. increased their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Evercore ISI restated an “outperform” rating and set a $209.00 price objective on shares of Applied Materials in a report on Friday, August 15th. Finally, B. Riley increased their target price on shares of Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.15.

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.