Princeton Global Asset Management LLC Sells 1,856 Shares of Applied Materials, Inc. $AMAT

Key Points

• Princeton Global Asset Management LLC cut its stake in Applied Materials, Inc. by 80.8%, selling 1,856 shares and now holding 442 shares valued at $81,000.
• Applied Materials recently reported earnings per share (EPS) of $2.48, surpassing analysts’ expectations, with a revenue of $7.30 billion for the quarter.
• The company announced a quarterly dividend of $0.46 per share, to be paid on December 11th, reflecting an annualized yield of 0.8%.

Princeton Global Asset Management LLC lessened its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 80.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 442 shares of the manufacturing equipment provider's stock after selling 1,856 shares during the quarter. Princeton Global Asset Management LLC's holdings in Applied Materials were worth $81,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Schnieders Capital Management LLC increased its holdings in shares of Applied Materials by 30.1% during the second quarter. Schnieders Capital Management LLC now owns 15,003 shares of the manufacturing equipment provider's stock worth $2,747,000 after buying an additional 3,469 shares in the last quarter. CORDA Investment Management LLC. bought a new stake in Applied Materials during the 2nd quarter worth $19,923,000. Beverly Hills Private Wealth LLC increased its holdings in Applied Materials by 7.6% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 6,582 shares of the manufacturing equipment provider's stock worth $1,205,000 after purchasing an additional 465 shares in the last quarter. Altus Wealth Group LLC bought a new position in Applied Materials in the second quarter valued at about $251,000. Finally, Balboa Wealth Partners boosted its stake in shares of Applied Materials by 3.2% during the second quarter. Balboa Wealth Partners now owns 8,019 shares of the manufacturing equipment provider's stock valued at $1,468,000 after purchasing an additional 248 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT opened at $228.13 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The firm's fifty day simple moving average is $187.67 and its two-hundred day simple moving average is $175.28. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. The stock has a market capitalization of $181.74 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 2.81 and a beta of 1.82.

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, beating 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 the consensus estimate of $7.21 billion. During the same period in the previous year, the business earned $2.12 EPS. The firm'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. As a group, analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

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 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 0.8%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Applied Materials from $175.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday. Stifel Nicolaus raised their price target on shares of Applied Materials from $180.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $225.00 price objective on shares of Applied Materials in a research note on Friday, October 3rd. UBS Group decreased their price objective on Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Applied Materials currently has an average rating of "Moderate Buy" and a consensus price target of $209.15.

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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