RWA Wealth Partners LLC Lowers Position in Applied Materials, Inc. $AMAT

Key Points

• RWA Wealth Partners LLC reduced its stake in Applied Materials, Inc. by 47.0%, selling 6,066 shares and holding 6,848 shares valued at approximately $994,000.
• Applied Materials reported earnings per share of $2.48 for the last quarter, surpassing estimates, with revenue of $7.30 billion — a 7.7% increase from the previous year.
• The firm declared a quarterly dividend of $0.46, reflecting an annualized yield of 1.1%, with a dividend payout ratio of 21.93%.

RWA Wealth Partners LLC decreased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,848 shares of the manufacturing equipment provider's stock after selling 6,066 shares during the quarter. RWA Wealth Partners LLC's holdings in Applied Materials were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMAT. Eagle Capital Management LLC grew its holdings in Applied Materials by 1.8% during the fourth quarter. Eagle Capital Management LLC now owns 16,004 shares of the manufacturing equipment provider's stock worth $2,603,000 after buying an additional 290 shares in the last quarter. Brighton Jones LLC grew its holdings in Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after buying an additional 2,771 shares in the last quarter. Value Partners Investments Inc. grew its holdings in Applied Materials by 8.7% during the fourth quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock worth $1,608,000 after buying an additional 793 shares in the last quarter. Jump Financial LLC grew its holdings in Applied Materials by 69.9% during the fourth quarter. Jump Financial LLC now owns 4,829 shares of the manufacturing equipment provider's stock worth $785,000 after buying an additional 1,986 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Applied Materials by 2,477.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 19,873 shares of the manufacturing equipment provider's stock worth $3,232,000 after buying an additional 19,102 shares in the last quarter. Institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Wolfe Research reduced their price objective on Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Wall Street Zen downgraded Applied Materials from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. The Goldman Sachs Group initiated coverage on Applied Materials in a research note on Thursday, July 10th. They issued a "buy" rating and a $225.00 price objective for the company. Finally, UBS Group lowered their price target on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $193.88.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded up $2.65 during trading on Friday, reaching $162.49. 7,444,140 shares of the stock traded hands, compared to its average volume of 8,308,355. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. 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 company has a 50-day moving average of $183.13 and a 200-day moving average of $165.90. The stock has a market capitalization of $129.45 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a yield of 1.1%. Applied Materials's dividend payout ratio is 21.93%.

Insider Transactions at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares of the company's stock, valued at approximately $946,580. This represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company's stock.

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.