TFR Capital LLC. Sells 1,424 Shares of Applied Materials, Inc. $AMAT

TFR Capital LLC. lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 53.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,238 shares of the manufacturing equipment provider's stock after selling 1,424 shares during the quarter. TFR Capital LLC.'s holdings in Applied Materials were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Shelton Wealth Management LLC grew its position in Applied Materials by 1.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider's stock worth $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC increased its position in shares of Applied Materials by 0.8% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock valued at $1,135,000 after acquiring an additional 51 shares during the period. Narus Financial Partners LLC increased its position in shares of Applied Materials by 3.8% in the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock valued at $262,000 after acquiring an additional 52 shares during the period. AdvisorNet Financial Inc increased its position in shares of Applied Materials by 2.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after acquiring an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC increased its position in shares of Applied Materials by 3.4% in the 2nd quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider's stock valued at $293,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analyst Ratings Changes

AMAT has been the topic of several research reports. Mizuho reissued a "neutral" rating and issued a $175.00 target price (down from $200.00) on shares of Applied Materials in a research report on Friday, September 12th. Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Morgan Stanley raised shares of Applied Materials from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $172.00 to $209.00 in a research report on Monday, September 22nd. Wall Street Zen lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, TD Cowen reduced their price target on shares of Applied Materials from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Seventeen 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $196.85.

Applied Materials Price Performance

NASDAQ:AMAT opened at $217.51 on Thursday. 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 firm has a market cap of $173.28 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.82. The company has a 50 day moving average price of $181.20 and a 200-day moving average price of $170.63. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $226.49.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results 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 firm had revenue of $7.30 billion during 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%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is presently 21.93%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.