Gitterman Wealth Management LLC Buys Shares of 2,272 Applied Materials, Inc. $AMAT

Key Points

• Gitterman Wealth Management LLC has acquired a new stake in Applied Materials, Inc. (NASDAQ: AMAT), purchasing 2,272 shares valued at approximately $330,000 during the first quarter.
• Applied Materials reported earnings of $2.48 per share, surpassing the consensus estimate, with revenues reaching $7.30 billion, a year-over-year increase of 7.7%.
• The company has declared a quarterly dividend of $0.46 per share, reflecting an annualized dividend yield of 1.2%, scheduled to be paid on September 11th.

Gitterman Wealth Management LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,272 shares of the manufacturing equipment provider's stock, valued at approximately $330,000.

Several other hedge funds also recently modified their holdings of AMAT. Mccarter Private Wealth Services LLC raised its holdings in shares of Applied Materials by 9.0% during the 1st quarter. Mccarter Private Wealth Services LLC now owns 1,744 shares of the manufacturing equipment provider's stock valued at $253,000 after purchasing an additional 144 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Applied Materials by 318.0% in the first quarter. 1832 Asset Management L.P. now owns 449,244 shares of the manufacturing equipment provider's stock worth $65,194,000 after purchasing an additional 341,761 shares in the last quarter. Compound Planning Inc. increased its position in Applied Materials by 3.2% during the first quarter. Compound Planning Inc. now owns 5,626 shares of the manufacturing equipment provider's stock worth $816,000 after buying an additional 174 shares during the last quarter. Monetary Management Group Inc. raised its holdings in Applied Materials by 6.0% during the first quarter. Monetary Management Group Inc. now owns 1,775 shares of the manufacturing equipment provider's stock valued at $258,000 after buying an additional 100 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock worth $1,140,836,000 after buying an additional 1,502,995 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Stock Performance

AMAT stock traded up $2.65 during trading on Friday, reaching $162.49. 7,444,140 shares of the stock were exchanged, compared to its average volume of 8,266,384. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $130.40 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.70. The stock has a 50 day simple moving average of $183.13 and a 200-day simple moving average of $166.01.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%.The firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the business earned $2.12 earnings per share. Applied Materials's quarterly 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. As a group, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of analyst reports. Citigroup lowered their price objective on Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Wolfe Research lowered their price target on Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Cantor Fitzgerald dropped their price target on shares of Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Barclays upped their price objective on shares of Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Morgan Stanley lifted their target price on shares of Applied Materials from $169.00 to $172.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $193.88.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the business'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 value of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares of the company's stock, valued at $946,580. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company's stock.

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.