Cornell Pochily Investment Advisors Inc. Acquires New Stake in Applied Materials, Inc. $AMAT

Key Points

• Cornell Pochily Investment Advisors Inc. has acquired a new stake in Applied Materials, Inc. amounting to 1,132 shares valued at approximately $207,000 during the second quarter.
• Applied Materials reported earnings of $2.48 per share for the quarter, exceeding analysts' expectations and demonstrating a 7.7% year-over-year revenue growth.
• Applied Materials has announced a quarterly dividend of $0.46 per share, with a dividend yield of 0.8%, set to be paid on December 11th to investors of record on November 20th.

Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,132 shares of the manufacturing equipment provider's stock, valued at approximately $207,000.

A number of other hedge funds have also made changes to their positions in AMAT. Avity Investment Management Inc. grew its position in Applied Materials by 4.1% in the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock worth $40,428,000 after buying an additional 8,680 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in Applied Materials in the first quarter worth approximately $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in Applied Materials by 12.7% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock worth $3,867,000 after buying an additional 3,000 shares during the last quarter. Redwood Investment Management LLC grew its position in Applied Materials by 311.2% in the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after buying an additional 9,781 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in Applied Materials in the second quarter worth approximately $410,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Trading Up 2.7%

Shares of NASDAQ:AMAT opened at $223.59 on Friday. The firm has a fifty day moving average of $178.86 and a two-hundred day moving average of $168.87. The firm has a market capitalization of $178.12 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.41. 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 issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business posted $2.12 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is presently 21.93%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMAT shares. JPMorgan Chase & Co. lifted their price target on shares of Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Mizuho reaffirmed a "neutral" rating and issued a $175.00 price objective (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Citigroup decreased their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Finally, Stifel Nicolaus decreased their price objective on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Seventeen 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $194.15.

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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