Jmac Enterprises LLC Buys Shares of 1,300 Applied Materials, Inc. $AMAT

Key Points

• Jmac Enterprises LLC has acquired 1,300 shares of Applied Materials, valued at approximately $238,000, as reported in a recent SEC filing.
• Applied Materials' recent earnings report exceeded expectations, with $2.48 earnings per share and revenue of $7.30 billion, indicating a year-over-year revenue increase of 7.7%.
• The company has declared a quarterly dividend of $0.46, representing a 0.8% yield, with payment scheduled for December 11th to investors of record on November 20th.

Jmac Enterprises LLC bought a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,300 shares of the manufacturing equipment provider's stock, valued at approximately $238,000.

A number of other hedge funds have also made changes to their positions in AMAT. Nuveen LLC acquired a new position in shares of Applied Materials during the first quarter valued at approximately $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $882,396,000. Pacer Advisors Inc. increased its holdings in shares of Applied Materials by 2,401.0% in the first quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock valued at $445,056,000 after purchasing an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Applied Materials by 43.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock valued at $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 valued at $1,140,836,000 after purchasing 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

Shares of AMAT stock opened at $223.59 on Friday. The stock has a market capitalization of $178.12 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $226.41. The stock's 50-day moving average price is $178.86 and its 200 day moving average price is $168.87. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current 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 given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials's payout ratio is 21.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMAT shares. Citigroup cut their price target on Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. UBS Group cut their price target on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a report 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 report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $194.15.

Applied Materials Company 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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