McElhenny Sheffield Capital Management LLC Purchases Shares of 7,677 Applied Materials, Inc. $AMAT

McElhenny Sheffield Capital Management LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,677 shares of the manufacturing equipment provider's stock, valued at approximately $1,405,000.

Several other hedge funds also recently added to or reduced their stakes in AMAT. Runnymede Capital Advisors Inc. raised its position in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Applied Materials in the first quarter worth about $29,000. Maseco LLP acquired a new position in shares of Applied Materials in the second quarter worth about $30,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of 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 acquiring an additional 174 shares during the period. Finally, Activest Wealth Management raised its position in shares of 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 acquiring an additional 213 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Trading Up 2.8%

AMAT opened at $217.51 on Thursday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49. The stock has a market capitalization of $173.28 billion, a PE ratio of 25.92, a P/E/G ratio of 2.77 and a beta of 1.82. The business's 50 day moving average price is $181.20 and its 200 day moving average price is $170.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 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 period in the prior year, the firm posted $2.12 earnings per share. The firm's quarterly revenue 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, equities research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMAT shares. Wolfe Research decreased their price objective on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a report on Monday, July 7th. Morgan Stanley upgraded Applied Materials from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $172.00 to $209.00 in a report on Monday, September 22nd. Wall Street Zen cut Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Redburn Atlantic cut Applied Materials from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.85.

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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