InTrack Investment Management Inc Raises Position in Applied Materials, Inc. $AMAT

InTrack Investment Management Inc grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,358 shares of the manufacturing equipment provider's stock after buying an additional 1,254 shares during the period. InTrack Investment Management Inc's holdings in Applied Materials were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMAT. Runnymede Capital Advisors Inc. raised its holdings in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials during the first quarter valued at approximately $29,000. Maseco LLP purchased a new position in shares of Applied Materials during the second quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $217.51 on Thursday. The firm has a fifty day moving average price of $181.20 and a 200-day moving average price of $170.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a market cap of $173.28 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.82. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials's revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials's dividend payout ratio is currently 21.93%.

Analyst Ratings Changes

A number of brokerages have commented on AMAT. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $172.00 to $209.00 in a report on Monday, September 22nd. Bank of America reaffirmed a "neutral" rating and set a $180.00 target price (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. TD Cowen reduced their target price on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a report on Friday, August 15th. Citigroup reduced their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price for the company. in a report on Monday, July 7th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.85.

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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