OFI Invest Asset Management Has $3.46 Million Position in Applied Materials, Inc. $AMAT

Key Points

• OFI Invest Asset Management increased its position in Applied Materials, Inc. by 34.2%, owning 18,878 shares worth approximately $3.46 million.
• Applied Materials recently reported earnings of $2.48 per share, exceeding analysts' expectations, with a revenue of $7.30 billion for the quarter.
• The company's stock has a current market cap of $167.25 billion and a consensus price target of $200.50 from analysts, indicating a moderate buy rating.

OFI Invest Asset Management lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 34.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,878 shares of the manufacturing equipment provider's stock after purchasing an additional 4,810 shares during the quarter. OFI Invest Asset Management's holdings in Applied Materials were worth $3,456,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMAT. 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 worth $40,428,000 after buying an additional 8,680 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Applied Materials by 12.7% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock worth $3,867,000 after buying an additional 3,000 shares during the period. Redwood Investment Management LLC raised its holdings in Applied Materials by 311.2% during the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock worth $1,876,000 after buying an additional 9,781 shares during the period. Gallacher Capital Management LLC acquired a new stake in Applied Materials during the 2nd quarter worth approximately $410,000. Finally, LifePlan Financial LLC acquired a new stake in Applied Materials during the 2nd quarter worth approximately $755,000. 80.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AMAT. Redburn Atlantic downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from $225.00 to $200.00 in a report on Monday, July 7th. TD Cowen reduced their price target on Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. upped their price target on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, August 15th. DZ Bank downgraded Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a research report on Friday, August 15th. Finally, KeyCorp upped their price target on Applied Materials from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.50.

Applied Materials Trading Down 4.7%

Shares of Applied Materials stock opened at $209.95 on Friday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.49. The stock has a market cap of $167.25 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.75 and a beta of 1.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The business's 50 day moving average is $182.60 and its 200-day moving average is $171.62.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same quarter in the prior year, the business posted $2.12 EPS. The business's revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts predict 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. Stockholders of record on Thursday, November 20th will be paid 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 dividend yield of 0.9%. Applied Materials's dividend payout ratio is currently 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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