Applied Materials, Inc. $AMAT Shares Bought by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC significantly increased its holdings in Applied Materials, acquiring an additional 8,236 shares, bringing its total to 19,330 shares worth approximately $2.8 million.
• Analysts have varied opinions on Applied Materials, with target prices ranging from $170 to $200, and the stock currently holds an average rating of "Moderate Buy".
• Applied Materials announced a quarterly $0.46 dividend payable on September 11th, reflecting an annualized yield of 1.1% and a payout ratio of 21.93%.

Forvis Mazars Wealth Advisors LLC raised its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 74.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,330 shares of the manufacturing equipment provider's stock after buying an additional 8,236 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Applied Materials were worth $2,805,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. grew its holdings in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after buying an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials in the 1st quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 174 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in Applied Materials in the 4th quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Applied Materials in the 4th quarter valued at $46,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

Applied Materials Stock Performance

NASDAQ:AMAT traded down $1.6030 during mid-day trading on Wednesday, reaching $160.6170. 6,514,187 shares of the stock were exchanged, compared to its average volume of 7,421,403. The company has a 50 day simple moving average of $183.83 and a 200-day simple moving average of $166.39. The stock has a market capitalization of $128.90 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.29. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $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 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, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 21st. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

Analyst Ratings Changes

Several brokerages have recently commented on AMAT. DZ Bank lowered Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target on the stock. in a research note on Friday, August 15th. Daiwa Capital Markets reaffirmed a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday. Evercore ISI reaffirmed an "outperform" rating and issued a $209.00 price target on shares of Applied Materials in a research note on Friday, August 15th. Barclays upped their price target on Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a research note on Monday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $193.88.

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.