True North Advisors LLC Has $1.27 Million Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• True North Advisors LLC significantly increased its stock holdings in Applied Materials, Inc. by 354.1%, totaling approximately $1.27 million at the end of the most recent quarter.
• The company's recent earnings report showed earnings per share of $2.48, surpassing estimates, with quarterly revenue of $7.30 billion, a 7.7% increase year-over-year.
• Applied Materials has announced a quarterly dividend of $0.46, reflecting a 0.9% annual dividend yield, to be paid to stockholders of record on December 11th.

True North Advisors LLC increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 354.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,948 shares of the manufacturing equipment provider's stock after buying an additional 5,418 shares during the period. True North Advisors LLC's holdings in Applied Materials were worth $1,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMAT. Vision Capital Management Inc. raised its position in shares of Applied Materials by 10.4% during the second quarter. Vision Capital Management Inc. now owns 12,573 shares of the manufacturing equipment provider's stock worth $2,302,000 after acquiring an additional 1,182 shares during the last quarter. Falcon Wealth Planning lifted its position in shares of Applied Materials by 6.2% in the 2nd quarter. Falcon Wealth Planning now owns 5,804 shares of the manufacturing equipment provider's stock worth $1,063,000 after purchasing an additional 340 shares during the period. Evergreen Private Wealth LLC increased its position in shares of Applied Materials by 15.4% during the second quarter. Evergreen Private Wealth LLC now owns 46,469 shares of the manufacturing equipment provider's stock worth $8,507,000 after buying an additional 6,192 shares during the period. Novem Group bought a new position in Applied Materials during the second quarter worth $248,000. Finally, Beaumont Financial Advisors LLC acquired a new position in Applied Materials in the second quarter valued at $209,000. Institutional investors own 80.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Daiwa America downgraded Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays raised their target price on Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Cfra Research upgraded Applied Materials to a "hold" rating in a report on Friday, August 15th. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a report on Monday, July 7th. Finally, Wolfe Research dropped their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Applied Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.15.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $199.60 on Friday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $176.67 and a 200-day moving average price of $166.81. The company has a market cap of $159.01 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.87 and a beta of 1.77.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced 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 company 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%.Applied Materials's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced 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 0.9%. Applied Materials's dividend payout ratio is currently 21.93%.

Applied Materials Company 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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