Applied Materials, Inc. $AMAT Shares Purchased by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Applied Materials by 3.8%, now holding 355,531 shares valued at approximately $65 million.
• Several analysts have upgraded their ratings for Applied Materials, with Bank of America raising its price target from $180 to $250, contributing to an overall "Moderate Buy" rating from 18 analysts.
• Applied Materials announced a quarterly dividend of $0.46 per share, with an annualized yield of 0.8%, scheduled for payment on December 11th.

Asset Management One Co. Ltd. boosted its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 355,531 shares of the manufacturing equipment provider's stock after acquiring an additional 13,085 shares during the period. Asset Management One Co. Ltd.'s holdings in Applied Materials were worth $65,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. Nuveen LLC purchased a new stake in Applied Materials in the 1st quarter worth approximately $1,085,600,000. Kingstone Capital Partners Texas LLC purchased a new stake in Applied Materials in the 2nd quarter worth approximately $882,396,000. Pacer Advisors Inc. grew its stake in Applied Materials by 2,401.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock worth $445,056,000 after acquiring an additional 2,944,193 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America raised shares of Applied Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Morgan Stanley raised Applied Materials from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $172.00 to $209.00 in a research report on Monday, September 22nd. KeyCorp boosted their price target on Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, October 10th. Stifel Nicolaus boosted their price target on Applied Materials from $180.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Evercore ISI reissued an "outperform" rating and set a $209.00 price target on shares of Applied Materials 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. According to data from MarketBeat.com, Applied Materials presently has an average rating of "Moderate Buy" and an average price target of $209.15.

Applied Materials Price Performance

AMAT opened at $228.47 on Friday. The firm has a market cap of $182.01 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.76 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 $232.07. The company's 50-day moving average price is $189.84 and its 200 day moving average price is $176.60. 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 announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $7.21 billion. During the same quarter last year, the business earned $2.12 earnings per share. Applied Materials's revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

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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