Maridea Wealth Management LLC Purchases New Stake in Applied Materials, Inc. $AMAT

Maridea Wealth Management LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,718 shares of the manufacturing equipment provider's stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Runnymede Capital Advisors Inc. raised its position in Applied Materials by 972.2% during the 1st 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 about $29,000. Maseco LLP purchased a new stake in Applied Materials in the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 213 shares during the period. 80.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMAT shares. KeyCorp lifted their target price on shares of Applied Materials from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group started coverage on Applied Materials in a research note on Thursday, July 10th. They set a "buy" rating and a $225.00 price objective for the company. UBS Group dropped their target price on Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Wolfe Research reduced their price target on Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Finally, Redburn Atlantic lowered Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from $225.00 to $200.00 in a research report on Monday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and a consensus target price of $194.15.

Applied Materials Price Performance

NASDAQ AMAT opened at $199.60 on Friday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70. The stock has a 50-day moving average of $176.67 and a 200 day moving average of $166.81. 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 company has a market capitalization of $159.01 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.87 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly 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 net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the firm posted $2.12 EPS. The business's quarterly revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid 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 yield of 0.9%. Applied Materials's payout ratio is currently 21.93%.

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.

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.