Perpetual Ltd Grows Position in Applied Materials, Inc. $AMAT

Key Points

• Perpetual Ltd significantly increased its stake in Applied Materials by 63.4%, acquiring an additional 2,717 shares to bring its total holdings to 7,002 shares worth $1,282,000 at the end of the second quarter.
• According to analysts, the price target for Applied Materials has seen adjustments, with TD Cowen setting a new target of $200.00 while the consensus remains a "Moderate Buy" with a target price of $192.92.
• Applied Materials recently announced a quarterly dividend of $0.46, with an annualized yield of 1.0%, demonstrating solid performance with a quarterly revenue increase of 7.7% compared to the same quarter last year.

Perpetual Ltd raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 63.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,002 shares of the manufacturing equipment provider's stock after buying an additional 2,717 shares during the quarter. Perpetual Ltd's holdings in Applied Materials were worth $1,282,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMAT. 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 buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of 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 valued at $31,000 after acquiring an additional 174 shares in the last quarter. Activest Wealth Management increased its holdings in shares of 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 acquiring an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC increased its holdings in shares of Applied Materials by 91.5% during the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Trading Down 0.0%

Shares of Applied Materials stock traded down $0.02 during midday trading on Tuesday, reaching $200.50. 5,898,321 shares of the company's stock traded hands, compared to its average volume of 7,516,138. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The company has a market cap of $159.72 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.71 and a beta of 1.77. The stock has a 50 day moving average of $176.36 and a 200-day moving average of $165.99. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted 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. The business 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%.The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.9%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Applied Materials from $160.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Cantor Fitzgerald lowered their price objective on Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Bank of America restated a "neutral" rating and issued a $180.00 price objective (down from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. The Goldman Sachs Group began coverage on Applied Materials in a research report on Thursday, July 10th. They set a "buy" rating and a $225.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Applied Materials has an average rating of "Moderate Buy" and a consensus target price of $194.15.

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.