Altus Wealth Group LLC Invests $251,000 in Applied Materials, Inc. $AMAT

Key Points

• Altus Wealth Group LLC has invested approximately $251,000 in Applied Materials, Inc., purchasing 1,373 shares in the second quarter.
• Applied Materials reported better-than-expected earnings with $2.48 EPS and a revenue of $7.30 billion in its latest quarterly results.
• The company has announced a quarterly dividend of $0.46 per share, with a payout ratio of 21.93% and an annual yield of 0.8%.

Altus Wealth Group LLC bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,373 shares of the manufacturing equipment provider's stock, valued at approximately $251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. lifted its position in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after buying an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials in the 1st quarter worth approximately $29,000. Maseco LLP acquired a new stake in shares of Applied Materials during the 2nd quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management lifted its position in shares of Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

NASDAQ AMAT opened at $224.99 on Monday. The business's 50-day moving average price is $186.80 and its 200 day moving average price is $174.57. The company has a market capitalization of $179.24 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. 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 released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.8%. Applied Materials's payout ratio is currently 21.93%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMAT shares. KeyCorp raised their price objective on Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 target price for the company. in a research note on Friday, August 15th. Wolfe Research reduced their price objective on Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Finally, Daiwa America cut Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Eighteen 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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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