Envestnet Portfolio Solutions Inc. Has $16.34 Million Stock Position in Applied Materials, Inc. $AMAT

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Applied Materials, Inc. by 15.5% during the second quarter, holding a total of 89,256 shares valued at approximately $16.34 million.
• The company's recent earnings report showed an EPS of $2.48, exceeding expectations and indicating a year-over-year revenue growth of 7.7%.
• Applied Materials has announced a quarterly dividend of $0.46 per share, with an expected yield of 0.8% for the upcoming year.

Envestnet Portfolio Solutions Inc. boosted its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 15.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 89,256 shares of the manufacturing equipment provider's stock after purchasing an additional 11,961 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Applied Materials were worth $16,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AMAT. Nuveen LLC acquired a new stake in Applied Materials in the 1st quarter valued at about $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new position in Applied Materials in the 2nd quarter valued at about $882,396,000. Pacer Advisors Inc. raised its holdings in Applied Materials by 2,401.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock valued at $445,056,000 after acquiring an additional 2,944,193 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock valued at $808,853,000 after acquiring an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock valued at $1,140,836,000 after acquiring an additional 1,502,995 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AMAT. TD Cowen lowered their price target on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Cantor Fitzgerald reissued an "overweight" rating and issued a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. DZ Bank cut shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target on the stock. in a report on Friday, August 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Applied Materials in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Eighteen investment 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. Based on data from MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and an average price target of $204.54.

Applied Materials Stock Up 4.5%

Shares of AMAT opened at $219.48 on Tuesday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $226.49. The firm's 50 day moving average is $183.33 and its 200-day moving average is $172.31. The stock has a market capitalization of $174.85 billion, a PE ratio of 26.16, a P/E/G ratio of 2.75 and a beta of 1.82. 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 company had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.12 earnings per share. 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 year.

Applied Materials Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is 21.93%.

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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