12,522 Shares in Applied Materials, Inc. $AMAT Acquired by Triton Financial Group Inc

Key Points

• Triton Financial Group Inc has acquired 12,522 shares of Applied Materials, worth approximately $2.29 million, making it the company's 16th largest position.
• Several institutional investors significantly increased their stakes in Applied Materials, contributing to a total institutional ownership of 80.56%.
• Analysts have set varying price targets for Applied Materials, with Morgan Stanley raising its target to $209.00 and Bank of America to $250.00, highlighting a consensus rating of "Moderate Buy".

Triton Financial Group Inc acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,522 shares of the manufacturing equipment provider's stock, valued at approximately $2,292,000. Applied Materials accounts for about 1.7% of Triton Financial Group Inc's holdings, making the stock its 16th largest position.

Several other institutional investors and hedge funds also recently bought and sold shares of AMAT. Nuveen LLC bought a new position in Applied Materials in the 1st quarter worth approximately $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new position in Applied Materials in the 2nd quarter worth approximately $882,396,000. Pacer Advisors Inc. boosted its holdings in Applied Materials by 2,401.0% in 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 during the period. Price T Rowe Associates Inc. MD boosted 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 buying an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. boosted 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 valued at $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. 80.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on AMAT. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $172.00 to $209.00 in a report on Monday, September 22nd. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Applied Materials in a report on Wednesday, October 8th. KeyCorp raised their price target on shares of Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, October 10th. Finally, Bank of America raised shares of Applied Materials from a "neutral" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a report on Monday, October 13th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.15.

Applied Materials Stock Performance

Applied Materials stock opened at $228.13 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $181.74 billion, a PE ratio of 27.19, a P/E/G ratio of 2.81 and a beta of 1.82. The firm has a fifty day simple moving average of $187.67 and a two-hundred day simple moving average of $175.28. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $232.07.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm 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%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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 given a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials's payout ratio is currently 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.

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