ARGA Investment Management LP Has $1.52 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• ARGA Investment Management LP increased its stake in Applied Materials, Inc. by 92.3%, now owning 8,321 shares valued at approximately $1.52 million as of the latest SEC filing.
• Applied Materials reported a Q3 earnings per share (EPS) of $2.48, exceeding analysts' estimates, with revenue increasing to $7.30 billion compared to $7.21 billion expected.
• The company recently declared a quarterly dividend of $0.46 per share, representing a yield of 0.8%, with an ex-dividend date set for November 20th.

ARGA Investment Management LP boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 92.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,321 shares of the manufacturing equipment provider's stock after acquiring an additional 3,994 shares during the quarter. ARGA Investment Management LP's holdings in Applied Materials were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMAT. Maseco LLP bought a new position in Applied Materials during the 2nd quarter valued at about $30,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials during the first quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Activest Wealth Management boosted its holdings in shares of Applied Materials by 5,325.0% in 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 in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of Applied Materials in the 2nd quarter worth approximately $47,000. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Performance

AMAT stock opened at $228.47 on Friday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $232.07. 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 company has a market cap of $182.01 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.76 and a beta of 1.82. The business's fifty day moving average is $189.84 and its 200-day moving average is $176.60.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. The firm'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. Equities research analysts forecast 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. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of recent analyst reports. KeyCorp lifted their price objective on Applied Materials from $220.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, October 10th. Evercore ISI reaffirmed an "outperform" rating and issued a $209.00 price target on shares of Applied Materials in a report on Friday, August 15th. Barclays upped their price target on shares of Applied Materials from $170.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Monday. Cfra Research raised shares of Applied Materials to a "hold" rating in a research note on Friday, August 15th. Finally, Citigroup reduced their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Eighteen investment 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, Applied Materials has an average rating of "Moderate Buy" and an average price target of $209.15.

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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