Avaii Wealth Management LLC Purchases New Position in Applied Materials, Inc. $AMAT

Key Points

• Avaii Wealth Management LLC has acquired a new position in Applied Materials, purchasing 1,277 shares valued at approximately $234,000 in the second quarter.
• Several institutional investors have recently modified their holdings in Applied Materials, leading to 80.56% of the stock being owned by hedge funds and other institutional investors.
• Applied Materials reported earnings of $2.48 per share in its last quarter, exceeding analysts' expectations, along with a revenue increase of 7.7% year-over-year.

Avaii Wealth Management LLC acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,277 shares of the manufacturing equipment provider's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMAT. Maseco LLP bought a new position in shares of Applied Materials during the 2nd quarter worth approximately $30,000. Runnymede Capital Advisors Inc. increased its position in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials during the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Applied Materials by 435.0% during the first 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. Finally, Activest Wealth Management boosted its position in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 213 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the subject of several research analyst reports. Bank of America reaffirmed a "neutral" rating and set a $180.00 target price (down from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. TD Cowen decreased their price objective on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a report on Friday, August 15th. Redburn Atlantic lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Cantor Fitzgerald reduced their target price on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Applied Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.15.

Applied Materials Stock Up 0.3%

AMAT stock opened at $201.44 on Thursday. The stock has a 50-day simple moving average of $176.53 and a two-hundred day simple moving average of $166.47. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The firm has a market capitalization of $160.48 billion, a PE ratio of 24.01, a PEG ratio of 2.86 and a beta of 1.77. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.