Puzo Michael J Acquires Shares of 9,296 Applied Materials, Inc. $AMAT

Key Points

• Puzo Michael J acquired a stake in Applied Materials, purchasing 9,296 shares valued at approximately $1.7 million during the second quarter.
• Applied Materials announced a quarterly dividend of $0.46 per share, to be paid on December 11th, representing a 0.9% dividend yield.
• Analysts have set a revised consensus price target for Applied Materials at $195.12, with most ratings being "Moderate Buy".

Puzo Michael J acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,296 shares of the manufacturing equipment provider's stock, valued at approximately $1,702,000.

Other institutional investors have also bought and sold shares of the company. Maseco LLP bought a new position in Applied Materials during the second quarter valued at $30,000. Runnymede Capital Advisors Inc. raised its stake in shares of 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 acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials in the first quarter valued at $29,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Applied Materials by 435.0% in 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 during the period. Finally, Activest Wealth Management raised its stake in shares of Applied Materials by 5,325.0% in 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 during the period. Institutional investors own 80.56% of the company's stock.

Applied Materials Trading Down 5.5%

AMAT stock opened at $211.56 on Wednesday. The company has a market capitalization of $168.54 billion, a PE ratio of 25.22, a P/E/G ratio of 2.93 and a beta of 1.82. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $226.49. The firm's 50-day moving average is $180.63 and its 200 day moving average is $170.31. 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 posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm 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 $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials's payout ratio is currently 21.93%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Mizuho reissued a "neutral" rating and issued a $175.00 target price (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. DZ Bank downgraded shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 target price on the stock. in a research note on Friday, August 15th. Wolfe Research reduced their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a research note on Friday, August 15th. Finally, Daiwa America downgraded shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

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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