Patriot Financial Group Insurance Agency LLC Decreases Holdings in Applied Materials, Inc. $AMAT

Key Points

• Patriot Financial Group Insurance Agency LLC has reduced its holdings in Applied Materials, Inc. by 64.3%, now owning 4,956 shares worth approximately $907,000.
• Applied Materials reported a quarterly revenue increase of 7.7% year-over-year, with earnings per share of $2.48, exceeding analyst expectations.
• The company has announced a quarterly dividend of $0.46, with an annualized yield of 0.8%, set to be paid on December 11th.

Patriot Financial Group Insurance Agency LLC cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 64.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,956 shares of the manufacturing equipment provider's stock after selling 8,913 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Applied Materials were worth $907,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Northstar Group Inc. purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $248,000. Philip James Wealth Mangement LLC purchased a new stake in shares of Applied Materials during the 2nd quarter valued at $201,000. McGuire Investment Group LLC increased its position in shares of Applied Materials by 1.8% during the 2nd quarter. McGuire Investment Group LLC now owns 125,176 shares of the manufacturing equipment provider's stock valued at $22,916,000 after purchasing an additional 2,247 shares during the last quarter. Gold Investment Management Ltd. increased its position in shares of Applied Materials by 11.0% during the 2nd quarter. Gold Investment Management Ltd. now owns 30,887 shares of the manufacturing equipment provider's stock valued at $5,666,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Naples Global Advisors LLC increased its position in shares of Applied Materials by 0.3% during the 2nd quarter. Naples Global Advisors LLC now owns 36,858 shares of the manufacturing equipment provider's stock valued at $6,748,000 after purchasing an additional 126 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $217.53 on Friday. The business has a 50 day moving average of $179.50 and a 200 day moving average of $169.31. The company has a market capitalization of $173.29 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.93 and a beta of 1.82. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $226.41. 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 (NASDAQ:AMAT - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, sell-side 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. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials's payout ratio is presently 21.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMAT shares. Wolfe Research decreased their price objective on Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Applied Materials in a report on Saturday, September 27th. KeyCorp lifted their price objective on Applied Materials from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a report on Monday, July 7th. Finally, Mizuho reissued a "neutral" rating and issued a $175.00 price objective (down previously from $200.00) on shares of Applied Materials in a report on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

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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