Clear Creek Financial Management LLC Raises Position in Applied Materials, Inc. $AMAT

Key Points

• Clear Creek Financial Management LLC increased its holdings in Applied Materials, Inc. by 45.2% during the second quarter, bringing their total shares to 6,144, valued at approximately $1,125,000.
• Multiple analysts have provided updates on Applied Materials, with Wells Fargo raising their target price from $240 to $250 and maintaining an "overweight" rating.
• Applied Materials reported earnings of $2.48 per share for the last quarter, surpassing analyst expectations, and announced a quarterly dividend of $0.46 per share to be paid on December 11th.

Clear Creek Financial Management LLC increased its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 45.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,144 shares of the manufacturing equipment provider's stock after buying an additional 1,913 shares during the period. Clear Creek Financial Management LLC's holdings in Applied Materials were worth $1,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMAT. Runnymede Capital Advisors Inc. raised its position in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after buying an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials in the first quarter valued at $29,000. Maseco LLP bought a new position in shares of Applied Materials during the second quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of 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 valued at $31,000 after buying an additional 174 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Applied Materials by 5,325.0% during 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 period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, August 15th. Citigroup lowered their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Bank of America restated a "neutral" rating and issued a $180.00 price objective (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.81.

Applied Materials Price Performance

AMAT stock opened at $220.30 on Friday. The firm has a 50 day moving average price of $182.00 and a 200-day moving average price of $171.09. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $226.49. The firm has a market capitalization of $175.50 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.85 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.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the business earned $2.12 earnings per share. The business'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 fiscal year.

Applied Materials Dividend Announcement

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 given 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 dividend yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

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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