2,510 Shares in Applied Materials, Inc. $AMAT Purchased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,510 shares of the manufacturing equipment provider's stock, valued at approximately $460,000.

Several other hedge funds have also modified their holdings of AMAT. Brighton Jones LLC lifted its position in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock valued at $2,061,000 after buying an additional 2,771 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Applied Materials by 27.5% during the first quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider's stock valued at $1,824,000 after buying an additional 2,711 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Applied Materials during the first quarter valued at about $351,000. Integrated Advisors Network LLC lifted its position in shares of Applied Materials by 37.2% during the first quarter. Integrated Advisors Network LLC now owns 10,385 shares of the manufacturing equipment provider's stock valued at $1,507,000 after buying an additional 2,814 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Applied Materials by 5.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,849,953 shares of the manufacturing equipment provider's stock valued at $268,465,000 after buying an additional 94,861 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMAT shares. Stifel Nicolaus cut their price objective on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, August 15th. UBS Group decreased their target price on Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. Daiwa America lowered Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Evercore ISI restated an "outperform" rating and issued a $209.00 price objective on shares of Applied Materials in a report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Applied Materials in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $196.85.

Applied Materials Price Performance

AMAT stock opened at $217.51 on Thursday. The business has a 50 day moving average price of $181.20 and a 200 day moving average price of $170.63. The stock has a market cap of $173.28 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.77 and a beta of 1.82. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. 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 presently 21.93%.

About Applied Materials

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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