Cove Private Wealth LLC Buys Shares of 7,500 Applied Materials, Inc. $AMAT

Key Points

• Cove Private Wealth LLC acquired 7,500 shares of Applied Materials, Inc., worth approximately $1.37 million, during the 2nd quarter.
• Applied Materials reported a net margin of 23.88% and earnings per share of $2.48 for the last quarter, surpassing consensus estimates.
• The company declared a quarterly dividend of $0.46, set to be paid on December 11th, resulting in an annualized dividend yield of 0.9%.

Cove Private Wealth LLC purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,500 shares of the manufacturing equipment provider's stock, valued at approximately $1,373,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMAT. Patton Fund Management Inc. bought a new stake in Applied Materials during the 2nd quarter worth approximately $266,000. True North Advisors LLC grew its holdings in Applied Materials by 354.1% during the 2nd quarter. True North Advisors LLC now owns 6,948 shares of the manufacturing equipment provider's stock worth $1,272,000 after acquiring an additional 5,418 shares during the last quarter. Vision Capital Management Inc. grew its holdings in Applied Materials by 10.4% during the 2nd quarter. Vision Capital Management Inc. now owns 12,573 shares of the manufacturing equipment provider's stock worth $2,302,000 after acquiring an additional 1,182 shares during the last quarter. Falcon Wealth Planning grew its holdings in Applied Materials by 6.2% during the 2nd quarter. Falcon Wealth Planning now owns 5,804 shares of the manufacturing equipment provider's stock worth $1,063,000 after acquiring an additional 340 shares during the last quarter. Finally, Evergreen Private Wealth LLC grew its holdings in Applied Materials by 15.4% during the 2nd quarter. Evergreen Private Wealth LLC now owns 46,469 shares of the manufacturing equipment provider's stock worth $8,507,000 after acquiring an additional 6,192 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

Applied Materials Trading Up 2.2%

NASDAQ:AMAT opened at $203.92 on Friday. 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 firm has a market cap of $162.45 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.77. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The firm has a 50-day moving average price of $176.94 and a two-hundred day moving average price of $167.21.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. 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 earnings per share 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. Stockholders of record on Thursday, November 20th will be issued 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 of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio is presently 21.93%.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of recent analyst reports. Rothschild & Co Redburn downgraded shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a research report on Monday, July 7th. Citigroup dropped their price target on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target on the stock. in a research report on Friday, August 15th. JPMorgan Chase & Co. boosted their target price on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a research report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $194.15.

About Applied Materials

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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