Notis McConarty Edward Purchases New Shares in Applied Materials, Inc. $AMAT

Key Points

• Notis McConarty Edward has acquired a new stake in Applied Materials, Inc., purchasing 4,005 shares valued at approximately $733,000.
• Analyst ratings on Applied Materials have been mixed, with some firms lowering target prices while others maintain "buy" ratings; the current average target price is $196.85.
• The company recently announced a quarterly dividend of $0.46 per share, representing an annualized yield of 0.8% and a payout ratio of 21.93%.

Notis McConarty Edward purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,005 shares of the manufacturing equipment provider's stock, valued at approximately $733,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avity Investment Management Inc. raised its holdings in Applied Materials by 4.1% during the 2nd quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock valued at $40,428,000 after buying an additional 8,680 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. purchased a new stake in Applied Materials during the 1st quarter valued at $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Applied Materials by 12.7% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock worth $3,867,000 after purchasing an additional 3,000 shares during the period. Redwood Investment Management LLC increased its stake in Applied Materials by 311.2% in the first quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after purchasing an additional 9,781 shares during the period. Finally, Gallacher Capital Management LLC purchased a new stake in Applied Materials in the second quarter worth $410,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMAT shares. Daiwa Capital Markets reiterated a "neutral" rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Rothschild & Co Redburn lowered 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. Citigroup reduced their target price on Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Applied Materials in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $196.85.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $217.51 on Thursday. The firm has a market cap of $173.28 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.77 and a beta of 1.82. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $226.49. The stock's fifty day moving average price is $181.20 and its 200-day moving average price is $170.63.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, 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 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 yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is presently 21.93%.

Applied Materials 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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