EverSource Wealth Advisors LLC Has $7.69 Million Stock Position in Applied Materials, Inc. $AMAT

Key Points

• EverSource Wealth Advisors LLC increased its stake in Applied Materials, Inc. by 7.3%, owning 52,967 shares valued at approximately $7.69 million.
• Applied Materials recently reported earnings of $2.48 per share, beating estimates of $2.36, with quarterly revenue of $7.30 billion, up 7.7% year-over-year.
• The company declared a quarterly dividend of $0.46, representing a dividend yield of 1.0% and a payout ratio of 22.38%.

EverSource Wealth Advisors LLC lifted its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,967 shares of the manufacturing equipment provider's stock after buying an additional 3,581 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Applied Materials were worth $7,687,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Martin Currie Ltd. bought a new position in shares of Applied Materials during the 1st quarter valued at $6,817,000. Providence Capital Advisors LLC boosted its stake in shares of Applied Materials by 2.1% during the 1st quarter. Providence Capital Advisors LLC now owns 34,500 shares of the manufacturing equipment provider's stock worth $5,007,000 after acquiring an additional 700 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Applied Materials during the 1st quarter valued at about $843,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Applied Materials by 6.6% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 192,472 shares of the manufacturing equipment provider's stock valued at $27,932,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Ted Buchan & Co acquired a new stake in Applied Materials in the 1st quarter worth approximately $245,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Transactions at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer owned 5,300 shares in the company, valued at $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Applied Materials Price Performance

NASDAQ:AMAT traded down $0.95 during mid-day trading on Tuesday, reaching $162.58. 3,245,383 shares of the company were exchanged, compared to its average volume of 7,389,716. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.29. The stock has a market cap of $130.47 billion, a PE ratio of 19.37, a PEG ratio of 1.81 and a beta of 1.70. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70. The company has a fifty day moving average of $184.06 and a 200 day moving average of $166.42.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 41.31%. The business had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. Applied Materials's revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.1%. Applied Materials's payout ratio is presently 21.93%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a report on Friday. Barclays raised their target price on Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Cantor Fitzgerald dropped their target price on Applied Materials from $220.00 to $200.00 and set an "overweight" rating for the company in a report on Friday. Finally, Citigroup cut their price objective on Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.84.

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.