LifePlan Financial LLC Invests $755,000 in Applied Materials, Inc. $AMAT

Key Points

• LifePlan Financial LLC recently invested $755,000 in Applied Materials, acquiring 4,126 shares of the manufacturing equipment provider.
• Applied Materials reported a 7.7% increase in revenue year-over-year for the last quarter, with earnings per share of $2.48, surpassing analysts' estimates.
• The company declared a quarterly dividend of $0.46 per share, with a current dividend yield of 1.1%, set to be paid on December 11th.

LifePlan Financial LLC acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,126 shares of the manufacturing equipment provider's stock, valued at approximately $755,000.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in 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 in the last quarter. Amundi raised its stake in Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares in the last quarter. Nuveen LLC purchased a new stake in Applied Materials in the first quarter valued at approximately $1,085,600,000. Deutsche Bank AG raised its stake in shares of Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock worth $1,043,326,000 after acquiring an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after acquiring an additional 1,691,428 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Trading Up 1.9%

AMAT stock opened at $170.93 on Tuesday. The firm has a fifty day moving average price of $177.39 and a 200 day moving average price of $164.84. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $136.17 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.39 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. Applied Materials's dividend payout ratio is 21.93%.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of research analyst reports. Rothschild & Co Redburn downgraded shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a research report on Monday, July 7th. Daiwa Capital Markets reissued a "neutral" rating and set a $170.00 price objective (down from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Wall Street Zen cut shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Citigroup dropped their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.92.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the company'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 sale, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

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.

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