Simplicity Wealth LLC Has $1.41 Million Holdings in Applied Materials, Inc. $AMAT

Key Points

• Simplicity Wealth LLC increased its holdings in Applied Materials by 218.2% in the second quarter, owning shares valued at $1.41 million at the end of the period.
• Applied Materials reported earnings of $2.48 per share, surpassing estimates, with a revenue of $7.30 billion, representing a year-over-year increase of 7.7%.
• The company announced a quarterly dividend of $0.46 per share, with a payout ratio of 21.93%, to be distributed on December 11th.

Simplicity Wealth LLC grew its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 218.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,708 shares of the manufacturing equipment provider's stock after acquiring an additional 5,286 shares during the quarter. Simplicity Wealth LLC's holdings in Applied Materials were worth $1,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Avity Investment Management Inc. lifted its stake in Applied Materials by 4.1% in the 2nd 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 during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in shares of Applied Materials during the first quarter worth $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after acquiring an additional 3,000 shares during the last quarter. Redwood Investment Management LLC boosted its holdings in shares of Applied Materials by 311.2% during the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock valued at $1,876,000 after acquiring an additional 9,781 shares in the last quarter. Finally, Gallacher Capital Management LLC bought a new stake in Applied Materials during the 2nd quarter worth $410,000. Institutional investors own 80.56% of the company's stock.

Applied Materials Trading Up 2.9%

NASDAQ:AMAT opened at $223.91 on Tuesday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $226.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm's fifty day moving average is $180.17 and its 200-day moving average is $170.02. The firm has a market cap of $178.38 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.85 and a beta of 1.82.

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. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials's revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 annualized dividend and a yield of 0.8%. Applied Materials's dividend payout ratio (DPR) is currently 21.93%.

Analyst Ratings Changes

A number of analysts have recently commented on AMAT shares. Wells Fargo & Company cut their price target on Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Evercore ISI reiterated an "outperform" rating and set a $209.00 target price on shares of Applied Materials in a research report on Friday, August 15th. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, August 15th. Finally, Summit Insights cut shares of Applied Materials from a "buy" rating to a "hold" rating in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

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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