Talbot Financial LLC Purchases 27,649 Shares of Applied Materials, Inc. $AMAT

Key Points

• Talbot Financial LLC increased its stake in Applied Materials by 23.5%, acquiring an additional 27,649 shares to reach a total of 145,511 shares.
• Numerous institutional investors, including Nuveen LLC and Pacer Advisors Inc., have also made significant purchases of Applied Materials, leading to their collective ownership of 80.56% of the company's stock.
• Applied Materials recently reported $2.48 earnings per share for the last quarter, exceeding analysts' expectations, and plans to pay a quarterly dividend of $0.46 on December 11th.

Talbot Financial LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 145,511 shares of the manufacturing equipment provider's stock after buying an additional 27,649 shares during the quarter. Applied Materials makes up approximately 2.5% of Talbot Financial LLC's holdings, making the stock its 9th largest holding. Talbot Financial LLC's holdings in Applied Materials were worth $26,639,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMAT. Nuveen LLC acquired a new position in Applied Materials during the 1st quarter worth $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Applied Materials in the 2nd quarter valued at $882,396,000. Pacer Advisors Inc. lifted its stake in shares of Applied Materials by 2,401.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider's stock valued at $445,056,000 after purchasing an additional 2,944,193 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider's stock valued at $808,853,000 after purchasing an additional 1,691,428 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider's stock valued at $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMAT shares. Daiwa America downgraded Applied Materials from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Applied Materials in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft cut their price target on Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a research note on Friday, August 15th. Redburn Atlantic downgraded Applied Materials from a "strong-buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, Daiwa Capital Markets reissued a "neutral" rating and issued a $170.00 price target (down previously from $185.00) on shares of Applied Materials in a research note on Wednesday, August 20th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Applied Materials has an average rating of "Moderate Buy" and a consensus target price of $195.12.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $217.53 on Friday. The stock has a market capitalization of $173.29 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.85 and a beta of 1.82. The business has a 50-day moving average of $179.50 and a 200-day moving average of $169.41. 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, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.41.

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 for the quarter, beating the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during 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%.Applied Materials's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal 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 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 0.8%. Applied Materials's dividend payout ratio (DPR) is presently 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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