Applied Materials, Inc. $AMAT Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Applied Materials by 34.5%, ending the second quarter with 25,615 shares valued at approximately $4.72 million.
• Despite the sell-off by some investors, Envestnet Portfolio Solutions Inc. increased its holdings in Applied Materials by 15.5%, owning 89,256 shares post-purchase.
• Applied Materials recently reported a quarterly earnings per share of $2.48, surpassing analyst expectations, and announced a dividend of $0.46 per share to be paid in December.

Atria Wealth Solutions Inc. lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 34.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,615 shares of the manufacturing equipment provider's stock after selling 13,495 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Applied Materials were worth $4,722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Applied Materials by 15.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 89,256 shares of the manufacturing equipment provider's stock valued at $16,340,000 after purchasing an additional 11,961 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in shares of Applied Materials by 2.9% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 14,232 shares of the manufacturing equipment provider's stock valued at $2,605,000 after purchasing an additional 405 shares during the last quarter. Delaney Dennis R acquired a new position in shares of Applied Materials in the 2nd quarter valued at $383,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Applied Materials by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 70,216 shares of the manufacturing equipment provider's stock valued at $12,854,000 after purchasing an additional 400 shares during the last quarter. Finally, Concord Asset Management LLC VA boosted its holdings in shares of Applied Materials by 0.7% in the 2nd quarter. Concord Asset Management LLC VA now owns 12,601 shares of the manufacturing equipment provider's stock valued at $2,307,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a report on Monday, July 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Applied Materials in a research note on Wednesday, October 8th. Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. B. Riley raised their target price on shares of Applied Materials from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday. Finally, Mizuho reissued a "neutral" rating and issued a $175.00 target price (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Eighteen 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.54.

Applied Materials Price Performance

AMAT opened at $219.48 on Tuesday. The company has a fifty day simple moving average of $183.33 and a 200 day simple moving average of $172.31. The firm has a market cap of $174.85 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 2.75 and a beta of 1.82. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49. 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 (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion during 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 business's revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The company 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is presently 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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