Bogart Wealth LLC Boosts Stake in Applied Materials, Inc. $AMAT

Key Points

• Bogart Wealth LLC increased its stake in Applied Materials, Inc. by 16.2% in Q2, now owning 67,731 shares valued at $12.4 million.
• An array of institutional investors have made significant changes in their positions, including Runnymede Capital Advisors raising their stake by 972.2% in Q1.
• Analysts have set new price targets for Applied Materials, with B. Riley raising theirs to $265.00, reflecting a strong Buy rating.

Bogart Wealth LLC increased its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 16.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 67,731 shares of the manufacturing equipment provider's stock after purchasing an additional 9,421 shares during the period. Bogart Wealth LLC's holdings in Applied Materials were worth $12,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Runnymede Capital Advisors Inc. raised its stake 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 valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the 1st quarter valued at approximately $29,000. Maseco LLP purchased a new stake in Applied Materials during the 2nd quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd raised its stake 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 valued at $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its stake 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 valued at $31,000 after acquiring an additional 213 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. B. Riley upped their price objective on Applied Materials from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, October 10th. TD Cowen reduced their price objective on Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Cantor Fitzgerald reiterated an "overweight" rating and set a $225.00 target price on shares of Applied Materials in a research report on Friday, October 3rd. JPMorgan Chase & Co. boosted their target price on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Finally, Mizuho boosted their target price on Applied Materials from $175.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $206.08.

Applied Materials Stock Performance

AMAT opened at $224.99 on Monday. The stock has a market cap of $179.24 billion, a P/E ratio of 26.82, a P/E/G ratio of 2.81 and a beta of 1.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock's 50 day simple moving average is $186.80 and its 200 day simple moving average is $174.57. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year 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, topping analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

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 $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials's dividend payout ratio is currently 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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