Bleakley Financial Group LLC Buys 3,494 Shares of Applied Materials, Inc. $AMAT

Key Points

• Bleakley Financial Group LLC increased its stake in Applied Materials, Inc. by 9.6%, acquiring an additional 3,494 shares during the second quarter, bringing its total holdings to 39,787 shares valued at approximately $7.28 million.
• Applied Materials reported earnings of $2.48 per share for the last quarter, exceeding expectations, with a revenue of $7.30 billion, representing a 7.7% year-over-year increase.
• The company recently declared a quarterly dividend of $0.46, which will be paid on December 11th, reflecting a dividend yield of 0.8%.

Bleakley Financial Group LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,787 shares of the manufacturing equipment provider's stock after acquiring an additional 3,494 shares during the quarter. Bleakley Financial Group LLC's holdings in Applied Materials were worth $7,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AMAT. Axiom Financial Strategies LLC grew its holdings in shares of Applied Materials by 12.2% in the second quarter. Axiom Financial Strategies LLC now owns 1,735 shares of the manufacturing equipment provider's stock worth $318,000 after purchasing an additional 188 shares during the last quarter. Forum Financial Management LP boosted its position in Applied Materials by 3.3% during the 2nd quarter. Forum Financial Management LP now owns 7,603 shares of the manufacturing equipment provider's stock valued at $1,392,000 after buying an additional 241 shares during the period. Ethic Inc. grew its holdings in Applied Materials by 4.3% in the 2nd quarter. Ethic Inc. now owns 119,638 shares of the manufacturing equipment provider's stock worth $21,919,000 after acquiring an additional 4,898 shares during the last quarter. Parcion Private Wealth LLC purchased a new position in shares of Applied Materials in the second quarter valued at about $638,000. Finally, TFB Advisors LLC increased its position in shares of Applied Materials by 8.7% in the second quarter. TFB Advisors LLC now owns 1,728 shares of the manufacturing equipment provider's stock valued at $316,000 after acquiring an additional 139 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Down 2.4%

Shares of NASDAQ:AMAT opened at $220.56 on Thursday. The firm has a market capitalization of $175.71 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.83 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The stock has a 50 day moving average price of $189.03 and a 200-day moving average price of $175.94. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07.

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 the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMAT shares. TD Cowen dropped their target price 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. The Goldman Sachs Group upped their price target on Applied Materials from $215.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price objective on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Redburn Atlantic downgraded Applied Materials from a "strong-buy" rating to a "hold" rating and decreased their target price for the company from $225.00 to $200.00 in a report on Monday, July 7th. Finally, Stifel Nicolaus lifted their price target on shares of Applied Materials from $180.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 13th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.15.

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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