Duncan Williams Asset Management LLC Invests $214,000 in Applied Materials, Inc. $AMAT

Key Points

• Duncan Williams Asset Management LLC invested approximately $214,000 in Applied Materials, Inc. during the second quarter, acquiring 1,169 shares of the stock.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with an annualized dividend yield of 0.8%.
• The company's stock has a consensus rating of "Moderate Buy" from analysts, with a price target of $195.12.

Duncan Williams Asset Management LLC bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,169 shares of the manufacturing equipment provider's stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after purchasing an additional 2,771 shares in the last quarter. Wedmont Private Capital grew its position in shares of Applied Materials by 9.6% during the first quarter. Wedmont Private Capital now owns 11,628 shares of the manufacturing equipment provider's stock worth $1,685,000 after buying an additional 1,018 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of Applied Materials by 4.0% during the first quarter. Miracle Mile Advisors LLC now owns 13,029 shares of the manufacturing equipment provider's stock worth $1,891,000 after buying an additional 507 shares during the period. Capital Investment Advisors LLC raised its holdings in Applied Materials by 66.7% in the first quarter. Capital Investment Advisors LLC now owns 34,195 shares of the manufacturing equipment provider's stock valued at $4,962,000 after acquiring an additional 13,677 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its stake in Applied Materials by 6.8% in the first quarter. First Citizens Bank & Trust Co. now owns 62,146 shares of the manufacturing equipment provider's stock worth $9,019,000 after acquiring an additional 3,937 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMAT shares. Citigroup dropped their price objective 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. Summit Insights lowered Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a report on Friday, August 15th. Bank of America reaffirmed a "neutral" rating and set a $180.00 price objective (down from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Finally, The Goldman Sachs Group began coverage on Applied Materials in a research report on Thursday, July 10th. They set a "buy" rating and a $225.00 target price on the stock. Seventeen equities research 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 MarketBeat, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

Applied Materials Stock Up 2.9%

AMAT opened at $223.91 on Tuesday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49. 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 stock has a market capitalization of $178.38 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. The business's 50-day simple moving average is $180.17 and its 200-day simple moving average is $170.02.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced 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. The firm had revenue of $7.30 billion during 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 business's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced 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 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is presently 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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