Dakota Wealth Management Acquires 6,517 Shares of Applied Materials, Inc. $AMAT

Key Points

• Dakota Wealth Management significantly increased its holdings in Applied Materials, raising its position by 114.8% after acquiring an additional 6,517 shares in the second quarter, bringing their total to 12,194 shares valued at $2.23 million.
• Applied Materials reported earnings of $2.48 EPS for the last quarter, surpassing analysts' expectations, with revenue of $7.30 billion—an increase of 7.7% year-over-year.
• The firm declared a quarterly dividend of $0.46 per share, to be paid on December 11, reflecting an annualized yield of 0.9%.

Dakota Wealth Management raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 114.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,194 shares of the manufacturing equipment provider's stock after buying an additional 6,517 shares during the period. Dakota Wealth Management's holdings in Applied Materials were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMAT. Brighton Jones LLC increased its holdings in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials during the fourth quarter worth approximately $44,000. Marcum Wealth LLC increased its holdings in shares of Applied Materials by 4.9% during the first quarter. Marcum Wealth LLC now owns 1,984 shares of the manufacturing equipment provider's stock worth $288,000 after buying an additional 92 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Applied Materials by 2.3% during the first quarter. First Hawaiian Bank now owns 12,053 shares of the manufacturing equipment provider's stock worth $1,749,000 after buying an additional 272 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Applied Materials by 96.2% during the first quarter. Versant Capital Management Inc now owns 930 shares of the manufacturing equipment provider's stock worth $135,000 after buying an additional 456 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Up 2.2%

Shares of AMAT stock opened at $203.92 on Friday. The firm has a market capitalization of $162.45 billion, a P/E ratio of 24.31, a PEG ratio of 2.85 and a beta of 1.77. The firm's fifty day moving average price is $176.94 and its two-hundred day moving average price is $167.21. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts predict 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. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. Applied Materials's payout ratio is currently 21.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a report on Monday, July 7th. Citigroup lowered their price target 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. KeyCorp raised their price target on shares of Applied Materials from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group lowered their price target on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.