Arvest Investments Inc. Has $873,000 Stock Position in Applied Materials, Inc. $AMAT

Key Points

• Arvest Investments Inc. reduced its stake in Applied Materials, Inc. by 32.3%, owning 4,770 shares valued at $873,000 as of the latest filing.
• Applied Materials reported earnings of $2.48 per share for the last quarter, surpassing expectations, with revenue reaching $7.30 billion, up 7.7% from the previous year.
• The company declared a quarterly dividend of $0.46 per share, offering a yield of 1.1%, set to be paid on December 11th to shareholders on record as of November 20th.

Arvest Investments Inc. cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 32.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the manufacturing equipment provider's stock after selling 2,272 shares during the quarter. Arvest Investments Inc.'s holdings in Applied Materials were worth $873,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. boosted its position in 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 acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials during the 1st quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 174 shares during the period. Activest Wealth Management boosted 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 period. Finally, Greenline Partners LLC acquired a new stake in Applied Materials during the 1st quarter worth about $39,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Down 1.4%

Shares of AMAT stock opened at $167.80 on Friday. The stock's 50 day simple moving average is $177.79 and its 200 day simple moving average is $164.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The company has a market capitalization of $133.68 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 2.42 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 earnings per share 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the business earned $2.12 EPS. The firm'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, research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared 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. This represents a $1.84 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is currently 21.93%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research report on Monday, July 7th. Cfra Research raised Applied Materials to a "hold" rating in a research note on Friday, August 15th. Mizuho reaffirmed a "neutral" rating and set a $175.00 price target (down from $200.00) on shares of Applied Materials in a research note on Friday. Bank of America reaffirmed a "neutral" rating and set a $180.00 price target (down from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Applied Materials has a consensus rating of "Hold" and an average target price of $192.92.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares of the company's stock, valued at $946,580. The trade was a 9.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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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