Abacus Planning Group Inc. Takes Position in Applied Materials, Inc. $AMAT

Key Points

• Abacus Planning Group Inc. acquired a new stake in Applied Materials, Inc. during the second quarter, purchasing 1,415 shares valued at approximately $259,000.
• Applied Materials reported a quarterly earnings per share (EPS) of $2.48, exceeding analysts' expectations and marking a 7.7% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.46 per share, with an ex-dividend date of November 20th, representing a 0.8% yield.

Abacus Planning Group Inc. acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,415 shares of the manufacturing equipment provider's stock, valued at approximately $259,000.

A number of other hedge funds also recently bought and sold shares of AMAT. Avity Investment Management Inc. boosted its holdings in shares of Applied Materials by 4.1% in the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock worth $40,428,000 after buying an additional 8,680 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Applied Materials during the 1st quarter worth $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Applied Materials by 12.7% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after acquiring an additional 3,000 shares during the period. Redwood Investment Management LLC increased its stake in shares of Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after purchasing an additional 9,781 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in shares of Applied Materials in the 2nd quarter worth $410,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Down 2.7%

NASDAQ AMAT opened at $217.53 on Friday. The stock has a 50 day moving average price of $179.50 and a 200-day moving average price of $169.31. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.41. 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 company has a market capitalization of $173.29 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.93 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm earned $2.12 earnings per share. Applied Materials's 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, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal 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 $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

Analyst Ratings Changes

AMAT has been the subject of several recent research reports. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target for the company. in a report on Monday, July 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Applied Materials in a research note on Saturday, September 27th. Wolfe Research reduced their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Stifel Nicolaus lowered their price target 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. Finally, The Goldman Sachs Group began coverage on shares of Applied Materials in a research note on Thursday, July 10th. They issued a "buy" rating and a $225.00 price objective for the company. Seventeen 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.12.

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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