Prentice Wealth Management LLC Acquires Shares of 1,265 Applied Materials, Inc. $AMAT

Key Points

• Prentice Wealth Management LLC acquired 1,265 shares of Applied Materials, Inc. valued at approximately $232,000 during the second quarter as part of its recent SEC disclosures.
• Applied Materials reported a quarterly earnings per share (EPS) of $2.48, exceeding analysts' expectations, with a revenue of $7.30 billion.
• The company announced a quarterly dividend of $0.46 per share, payable on December 11th, with an annualized yield of 0.8%.

Prentice Wealth Management LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,265 shares of the manufacturing equipment provider's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avity Investment Management Inc. lifted 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 valued at $40,428,000 after purchasing an additional 8,680 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Applied Materials by 12.7% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after purchasing an additional 3,000 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in Applied Materials by 311.2% during 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 purchasing an additional 9,781 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in Applied Materials during the second quarter valued at $410,000. Finally, LifePlan Financial LLC purchased a new position in Applied Materials during the second quarter valued at $755,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Shares of AMAT stock opened at $228.47 on Friday. 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 firm's 50-day moving average is $189.84 and its two-hundred day moving average is $176.60. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. The company has a market capitalization of $182.01 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.76 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. Applied Materials's quarterly 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. Analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid 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 payout ratio is 21.93%.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of recent research reports. Evercore ISI restated an "outperform" rating and set a $209.00 price target on shares of Applied Materials in a research report on Friday, August 15th. Wolfe Research cut their price objective on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Wells Fargo & Company increased their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Wednesday, October 8th. Citigroup cut their price objective on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Summit Insights downgraded shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.15.

Applied Materials Company 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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