McAdam LLC Takes $288,000 Position in Applied Materials, Inc. $AMAT

Key Points

• McAdam LLC has acquired a new stake in Applied Materials, Inc., purchasing 1,574 shares valued at approximately $288,000 during the second quarter.
• Analysts have mixed sentiments about the stock, with 17 analysts rating it a Buy and price targets ranging from $170.00 to $209.00.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, with a payout ratio of 21.93% and an annualized yield of 0.9%.

McAdam LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,574 shares of the manufacturing equipment provider's stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMAT. Maseco LLP acquired a new stake in shares of Applied Materials during the 2nd quarter worth approximately $30,000. Runnymede Capital Advisors Inc. increased its position in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter worth $29,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen cut their price target on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $172.00 to $209.00 in a research report on Monday. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Evercore ISI reissued an "outperform" rating and issued a $209.00 price target on shares of Applied Materials in a research note on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.15.

Applied Materials Stock Performance

AMAT opened at $203.92 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market cap of $162.45 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 2.85 and a beta of 1.77. The company's 50 day moving average is $176.94 and its 200 day moving average is $167.21. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analysts' expectations 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 last year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given 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 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.

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