Meitav Investment House Ltd. Has $1.28 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Meitav Investment House Ltd. reduced its holdings in Applied Materials by 93.4% in Q2, owning 7,014 shares worth approximately $1.28 million.
• Analysts have mixed ratings on Applied Materials, with 17 "Buy" ratings and a consensus price target of $195.12, alongside price upgrades from Morgan Stanley and downgrades from UBS and Rothschild & Co Redburn.
• Applied Materials declared a quarterly dividend of $0.46 per share, with an upcoming payment date of December 11th and an annualized yield of 0.8%.

Meitav Investment House Ltd. trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 93.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,014 shares of the manufacturing equipment provider's stock after selling 98,745 shares during the quarter. Meitav Investment House Ltd.'s holdings in Applied Materials were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMAT. Runnymede Capital Advisors Inc. grew its position in 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 in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the 1st quarter valued at $29,000. Maseco LLP bought a new stake in Applied Materials in the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd increased its position in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after buying an additional 174 shares during the last quarter. Finally, Activest Wealth Management raised its holdings in 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 in the last quarter. Institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley upgraded Applied Materials from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $172.00 to $209.00 in a research note on Monday, September 22nd. UBS Group decreased their target price on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Citigroup dropped their price target on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Evercore ISI restated an "outperform" rating and issued a $209.00 price objective on shares of Applied Materials in a research note on Friday, August 15th. Finally, Rothschild & Co Redburn lowered shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a research note on Monday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Applied Materials has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $223.91 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The company has a market cap of $178.38 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. The firm has a fifty day moving average price of $180.17 and a two-hundred day moving average price of $170.02. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced 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. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates 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 for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The firm 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio (DPR) is presently 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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