Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $297,000 Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors significantly reduced its stock holdings in Applied Materials, Inc. by 94.4%, now owning 1,625 shares valued at $297,000.
• A number of institutional investors, including Cornerstone Advisory and Bleakley Financial Group, have increased their holdings in Applied Materials during the second quarter, demonstrating ongoing institutional interest.
• Research analysts have updated their price targets for Applied Materials, with some setting targets as high as $250.00, indicating a consensus rating of "Moderate Buy" for the stock.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 94.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,625 shares of the manufacturing equipment provider's stock after selling 27,565 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Applied Materials were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisory LLC lifted its holdings in shares of Applied Materials by 1.1% during the second quarter. Cornerstone Advisory LLC now owns 4,891 shares of the manufacturing equipment provider's stock worth $895,000 after buying an additional 53 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Applied Materials by 9.6% during the second quarter. Bleakley Financial Group LLC now owns 39,787 shares of the manufacturing equipment provider's stock worth $7,284,000 after buying an additional 3,494 shares in the last quarter. Axiom Financial Strategies LLC lifted its holdings in shares of Applied Materials by 12.2% during the second quarter. Axiom Financial Strategies LLC now owns 1,735 shares of the manufacturing equipment provider's stock worth $318,000 after buying an additional 188 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Applied Materials by 3.3% during the second quarter. Forum Financial Management LP now owns 7,603 shares of the manufacturing equipment provider's stock worth $1,392,000 after buying an additional 241 shares in the last quarter. Finally, Ethic Inc. lifted its holdings in shares of Applied Materials by 4.3% during the second quarter. Ethic Inc. now owns 119,638 shares of the manufacturing equipment provider's stock worth $21,919,000 after buying an additional 4,898 shares in the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMAT shares. KeyCorp raised their price target on Applied Materials from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and decreased their price target for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Wells Fargo & Company raised their price target on Applied Materials from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on Applied Materials from $215.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Stifel Nicolaus raised their price target on Applied Materials from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Applied Materials currently has a consensus rating of "Moderate Buy" and an average target price of $209.15.

Applied Materials Stock Performance

Applied Materials stock opened at $228.47 on Friday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $232.07. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The business's 50-day moving average price is $189.84 and its two-hundred day moving average price is $176.60. The stock has a market cap of $182.01 billion, a PE ratio of 27.23, a P/E/G ratio of 2.76 and a beta of 1.82.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter in the previous year, the business posted $2.12 earnings per share. The business'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. As a group, analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

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

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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