Phraction Management LLC Sells 3,270 Shares of Applied Materials, Inc. $AMAT

Key Points

• Phraction Management LLC reduced its stake in Applied Materials by 11.0%, selling 3,270 shares and currently holding 26,524 shares valued at approximately $4.86 million.
• Applied Materials reported a quarterly earnings of $2.48 per share, surpassing estimates and achieving $7.30 billion in revenue, a 7.7% increase year-over-year.
• A quarterly dividend of $0.46 per share has been declared, reflecting an annualized dividend yield of 0.8%, with the ex-dividend date set for November 20.

Phraction Management LLC trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,524 shares of the manufacturing equipment provider's stock after selling 3,270 shares during the period. Applied Materials comprises about 1.6% of Phraction Management LLC's portfolio, making the stock its 24th largest position. Phraction Management LLC's holdings in Applied Materials were worth $4,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Avity Investment Management Inc. boosted its holdings in Applied Materials by 4.1% during the second quarter. Avity Investment Management Inc. now owns 220,835 shares of the manufacturing equipment provider's stock worth $40,428,000 after purchasing an additional 8,680 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Applied Materials during the 1st quarter worth about $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in shares of Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after acquiring an additional 3,000 shares in the last quarter. Redwood Investment Management LLC increased its position in shares of 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 valued at $1,876,000 after acquiring an additional 9,781 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in shares of Applied Materials in the second quarter valued at about $410,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $223.59 on Friday. The stock has a market capitalization of $178.12 billion, a PE ratio of 26.65, a P/E/G ratio of 2.85 and a beta of 1.82. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week 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. The business has a fifty day moving average price of $178.86 and a two-hundred day moving average price of $168.87.

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 for the quarter, topping the consensus estimate 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%.Applied Materials's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.8%. Applied Materials's dividend payout ratio is 21.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI reissued an "outperform" rating and issued a $209.00 target price on shares of Applied Materials in a research note on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Mizuho reissued a "neutral" rating and set a $175.00 target price (down from $200.00) on shares of Applied Materials in a report on Friday, September 12th. Wells Fargo & Company dropped their price target on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Finally, UBS Group reduced their price objective on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Seventeen investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $194.15.

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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