Jackson Thornton Wealth Management LLC Makes New $248,000 Investment in Applied Materials, Inc. $AMAT

Key Points

• Jackson Thornton Wealth Management LLC invested approximately $248,000 in 1,273 shares of Applied Materials, Inc. during the second quarter, indicating significant institutional interest in the company.
• Multiple analysts have increased their price targets for Applied Materials, with Barclays and Goldman Sachs both raising their targets to $250.00, reflecting a positive outlook for the company's stock.
• Applied Materials recently declared a quarterly dividend of $0.46, translating to a 0.8% yield, showcasing the company's commitment to returning value to its shareholders.

Jackson Thornton Wealth Management LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,273 shares of the manufacturing equipment provider's stock, valued at approximately $248,000.

A number of other institutional investors also recently bought and sold shares of AMAT. Brighton Jones LLC raised its position in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. GAMMA Investing LLC raised its position in Applied Materials by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider's stock worth $1,824,000 after buying an additional 2,711 shares during the last quarter. Advisor Resource Council purchased a new position in Applied Materials during the 1st quarter worth approximately $285,000. Heartland Bank & Trust Co purchased a new position in Applied Materials during the 1st quarter worth approximately $267,000. Finally, Center for Financial Planning Inc. raised its position in Applied Materials by 92.9% during the 1st quarter. Center for Financial Planning Inc. now owns 571 shares of the manufacturing equipment provider's stock worth $83,000 after buying an additional 275 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMAT shares. Barclays raised their price target on shares of Applied Materials from $170.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Monday. The Goldman Sachs Group lifted their target price on shares of Applied Materials from $215.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Cfra Research raised shares of Applied Materials to a "hold" rating in a report on Friday, August 15th. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $172.00 to $209.00 in a report on Monday, September 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $209.15.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $228.13 on Tuesday. The firm has a market cap of $181.74 billion, a PE ratio of 27.19, a PEG ratio of 2.81 and a beta of 1.82. The firm has a fifty day moving average of $187.67 and a 200 day moving average of $175.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $232.07.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

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

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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