Modern Wealth Management LLC Acquires 9,509 Shares of Applied Materials, Inc. $AMAT

Key Points

• Modern Wealth Management LLC increased its holdings in Applied Materials, Inc. by 126.0%, owning 17,057 shares valued at approximately $2.48 million after acquiring additional shares in the first quarter.
• Several institutional investors, including Ameriprise Financial Inc. and Price T Rowe Associates Inc. MD, significantly increased their positions in Applied Materials during the same period, highlighting strong institutional interest.
• Applied Materials reported earnings per share of $2.48 for the last quarter, exceeding analysts' expectations, with revenue of $7.30 billion, marking a 7.7% increase compared to the previous year.

Modern Wealth Management LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 126.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,057 shares of the manufacturing equipment provider's stock after acquiring an additional 9,509 shares during the period. Modern Wealth Management LLC's holdings in Applied Materials were worth $2,475,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. lifted its stake 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 valued at $28,000 after acquiring an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials in the first quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd lifted its stake 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 valued at $31,000 after acquiring an additional 174 shares during the last quarter. Activest Wealth Management lifted its stake 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 valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Greenline Partners LLC acquired a new stake in Applied Materials in the first quarter valued at $39,000. Institutional investors own 80.56% of the company's stock.

Applied Materials Stock Down 1.4%

Shares of Applied Materials stock traded down $2.35 during trading on Friday, reaching $167.80. 5,167,090 shares of the company traded hands, compared to its average volume of 6,811,288. The firm has a market capitalization of $133.68 billion, a PE ratio of 20.00, a P/E/G ratio of 2.39 and a beta of 1.77. The company has a 50 day moving average price of $177.79 and a 200-day moving average price of $164.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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 the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. 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 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMAT. UBS Group cut their price target on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. DZ Bank cut shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 target price for the company. in a research note on Friday, August 15th. Summit Insights cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, Citigroup cut their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $192.92.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by insiders.

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.