Sagespring Wealth Partners LLC Has $1.52 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Sagespring Wealth Partners LLC increased its stake in Applied Materials, Inc. by 29.2% during the 2nd quarter to over $1.5 million, owning 8,297 shares after buying 1,875 additional shares.
• Analysts have mixed ratings for Applied Materials, with eighteen analysts rating it as a Buy, twelve as Hold, and one as Sell, reflecting varied confidence in its future financial performance.
• Applied Materials recently announced a quarterly dividend of $0.46 per share, and the stock has a current yield of 0.8%, indicating a commitment to returning value to shareholders.

Sagespring Wealth Partners LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 29.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,297 shares of the manufacturing equipment provider's stock after buying an additional 1,875 shares during the period. Sagespring Wealth Partners LLC's holdings in Applied Materials were worth $1,519,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in shares of Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock worth $1,140,836,000 after buying an additional 1,502,995 shares in the last quarter. Amundi increased its holdings in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider's stock worth $1,038,504,000 after buying an additional 1,046,635 shares in the last quarter. Nuveen LLC acquired a new position in shares of Applied Materials during the first quarter worth $1,085,600,000. Deutsche Bank AG increased its holdings in shares of Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider's stock worth $1,043,326,000 after buying an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock worth $808,853,000 after buying an additional 1,691,428 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on AMAT shares. Summit Insights cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. The Goldman Sachs Group boosted their price objective on shares of Applied Materials from $215.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Rothschild & Co Redburn cut shares of Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a research note on Monday, July 7th. Wolfe Research reduced their price objective 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. Finally, TD Cowen reduced their price objective on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a research note 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $204.54.

Applied Materials Price Performance

AMAT stock opened at $218.19 on Wednesday. The firm has a market cap of $173.82 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.88 and a beta of 1.82. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $226.49. The company's fifty day simple moving average is $184.11 and its 200 day simple moving average is $172.62.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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 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 currently 21.93%.

Applied Materials 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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