Applied Materials, Inc. $AMAT is Pacifica Partners Inc.'s 7th Largest Position

Key Points

• Pacifica Partners Inc. increased its holdings in Applied Materials, Inc. by 4.9%, now owning 42,791 shares valued at approximately $7.84 million.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with a yield of 1.0%, to be paid on December 11th.
• The company reported earnings of $2.48 per share for the last quarter, exceeding analysts' expectations and showing a 7.7% year-over-year revenue increase.

Pacifica Partners Inc. boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,791 shares of the manufacturing equipment provider's stock after acquiring an additional 1,988 shares during the quarter. Applied Materials comprises about 3.2% of Pacifica Partners Inc.'s investment portfolio, making the stock its 7th biggest holding. Pacifica Partners Inc.'s holdings in Applied Materials were worth $7,840,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. raised its stake in shares of Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Activest Wealth Management grew its position in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Disciplina Capital Management LLC raised its holdings in Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after buying an additional 130 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Applied Materials Price Performance

AMAT traded up $10.42 on Monday, hitting $200.52. 15,468,266 shares of the company's stock traded hands, compared to its average volume of 7,406,143. The firm has a market cap of $159.74 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.71 and a beta of 1.77. The company's 50 day simple moving average is $176.36 and its 200-day simple moving average is $165.99. 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 one year low of $123.74 and a one year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its 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 firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The business'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, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Applied Materials's dividend payout ratio is 21.93%.

Analysts Set New Price Targets

Several analysts have recently commented on AMAT shares. JPMorgan Chase & Co. raised their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Wolfe Research decreased their price objective on Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Daiwa Capital Markets reissued a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Stifel Nicolaus lowered their price target on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Finally, DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 target price on the stock. in a research note on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $194.35.

About Applied Materials

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.