Applied Materials, Inc. $AMAT Shares Bought by Burr Financial Services LLC

Key Points

• Burr Financial Services LLC significantly increased its holdings in Applied Materials, Inc. by 381.3% in Q2, now owning 28,396 shares valued at approximately $5.2 million.
• Several analysts recently lowered their target prices for Applied Materials' shares, with Deutsche Bank setting a new target of $170.00 and maintaining a "hold" rating.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with a dividend yield of 1.1%, reflecting a payout ratio of 21.93%.

Burr Financial Services LLC grew its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 381.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,396 shares of the manufacturing equipment provider's stock after buying an additional 22,496 shares during the quarter. Applied Materials accounts for approximately 4.4% of Burr Financial Services LLC's holdings, making the stock its 8th biggest holding. Burr Financial Services LLC's holdings in Applied Materials were worth $5,198,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Value Partners Investments Inc. raised its stake in shares of Applied Materials by 8.7% in the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock valued at $1,608,000 after buying an additional 793 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Applied Materials in the 1st quarter valued at $230,000. Avity Investment Management Inc. raised its stake in shares of Applied Materials by 4.1% in the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock valued at $40,428,000 after buying an additional 8,680 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock worth $3,867,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Redwood Investment Management LLC grew its holdings 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 during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMAT. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. UBS Group lowered their target price on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Evercore ISI reaffirmed an "outperform" rating and issued a $209.00 target price on shares of Applied Materials in a report on Friday, August 15th. Finally, Stifel Nicolaus lowered their target price 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. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and an average target price of $192.92.

Applied Materials Stock Up 1.9%

Shares of NASDAQ:AMAT opened at $170.93 on Tuesday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70. The company's 50-day moving average price is $177.39 and its two-hundred day moving average price is $164.84. 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 firm has a market cap of $136.17 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.39 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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 firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 EPS. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. This trade represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.24% of the company's stock.

Applied Materials 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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