2,025 Shares in Applied Materials, Inc. $AMAT Purchased by Elefante Mark B

Key Points

• Elefante Mark B purchased 2,025 shares of Applied Materials, Inc. for approximately $371,000, indicating significant institutional interest in the manufacturing equipment provider.
• Applied Materials reported earnings of $2.48 per share, exceeding analysts' estimates, with revenue of $7.30 billion for the quarter, marking a 7.7% year-over-year increase.
• The company declared a quarterly dividend of $0.46 per share, contributing to an annualized yield of 0.8%, reflecting a payout ratio of 21.93%.

Elefante Mark B purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,025 shares of the manufacturing equipment provider's stock, valued at approximately $371,000.

A number of other institutional investors have also made changes to their positions in the stock. Shelton Wealth Management LLC increased its position in shares of 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 acquiring an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC increased its position in shares of Applied Materials by 0.8% during the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock valued at $1,135,000 after acquiring an additional 51 shares during the last quarter. Narus Financial Partners LLC increased its position in shares of Applied Materials by 3.8% during the second 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 increased its position in shares of Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after acquiring an additional 52 shares during the last quarter. Finally, Encompass Wealth Advisors LLC increased its position in shares of 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 valued at $293,000 after acquiring an additional 53 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Up 4.5%

Shares of Applied Materials stock opened at $219.48 on Tuesday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $226.49. The company has a 50 day moving average of $183.33 and a 200 day moving average of $172.31. 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 $174.85 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (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 company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The firm's quarterly revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials's payout ratio is currently 21.93%.

Analyst Ratings Changes

AMAT has been the subject of a number of recent analyst reports. Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target for the company. in a research report on Monday, July 7th. KeyCorp raised their price objective on shares of Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday. Summit Insights lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. DZ Bank lowered shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a research note on Friday, August 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $225.00 price objective on shares of Applied Materials in a research note on Friday, October 3rd. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.54.

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.

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