Applied Materials, Inc. $AMAT Shares Acquired by Carmel Capital Partners LLC

Key Points

• Carmel Capital Partners LLC increased its stake in Applied Materials, Inc. by 26.6% during the second quarter, now owning 12,889 shares valued at approximately $2.36 million, making it the 28th largest position in their portfolio.
• Institutional investors and hedge funds possess 80.56% of Applied Materials' stock, indicating a strong institutional interest in the company.
• Applied Materials recently declared a quarterly dividend of $0.46, which will be paid on December 11th, marking an annualized dividend yield of 0.8%.

Carmel Capital Partners LLC increased its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 26.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,889 shares of the manufacturing equipment provider's stock after buying an additional 2,708 shares during the quarter. Applied Materials comprises 0.8% of Carmel Capital Partners LLC's portfolio, making the stock its 28th largest position. Carmel Capital Partners LLC's holdings in Applied Materials were worth $2,360,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Shelton Wealth Management LLC grew its stake in shares of Applied Materials by 1.5% in the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider's stock valued at $622,000 after buying an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC grew its stake in Applied Materials by 0.8% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock valued at $1,135,000 after purchasing an additional 51 shares in the last quarter. Narus Financial Partners LLC grew its stake in Applied Materials by 3.8% during the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock valued at $262,000 after purchasing an additional 52 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Applied Materials by 2.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after purchasing an additional 52 shares in the last quarter. Finally, Encompass Wealth Advisors LLC grew its stake in Applied Materials by 3.4% during the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider's stock valued at $293,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. KeyCorp raised their price objective on Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Monday, July 7th. Morgan Stanley upgraded Applied Materials from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Citigroup decreased their target price on Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Finally, Cfra Research upgraded Applied Materials to a "hold" rating in a research report on Friday, August 15th. Eighteen investment 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's stock. According to MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average price target of $206.08.

Applied Materials Price Performance

Shares of AMAT opened at $224.99 on Friday. The firm has a market cap of $179.24 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.85 and a beta of 1.82. The stock has a 50 day moving average of $186.80 and a 200-day moving average of $174.12. 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 52 week low of $123.74 and a 52 week high of $232.07.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The business 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 business's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts forecast 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 issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

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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