Turning Point Benefit Group Inc. Invests $204,000 in Applied Materials, Inc. $AMAT

Key Points

• Turning Point Benefit Group Inc. has made a new investment of approximately $204,000 in Applied Materials, Inc., acquiring 1,114 shares of the company.
• Other institutional investors have also significantly increased their stakes in Applied Materials, with Brighton Jones LLC boosting its holdings by 28% during the fourth quarter.
• Applied Materials recently reported better-than-expected earnings, with earnings per share of $2.48, surpassing consensus estimates and showing a 7.7% annual revenue growth.

Turning Point Benefit Group Inc. acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,114 shares of the manufacturing equipment provider's stock, valued at approximately $204,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Applied Materials by 28.0% during the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock worth $2,061,000 after acquiring an additional 2,771 shares during the last quarter. GAMMA Investing LLC grew its holdings in Applied Materials by 27.5% during the first quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider's stock worth $1,824,000 after acquiring an additional 2,711 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Applied Materials by 3.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 7,653 shares of the manufacturing equipment provider's stock worth $1,111,000 after acquiring an additional 245 shares in the last quarter. Continuum Advisory LLC increased its stake in Applied Materials by 30.0% in the 1st quarter. Continuum Advisory LLC now owns 1,614 shares of the manufacturing equipment provider's stock worth $234,000 after purchasing an additional 372 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Applied Materials by 2.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 342,446 shares of the manufacturing equipment provider's stock valued at $49,696,000 after purchasing an additional 9,620 shares during the period. Institutional investors own 80.56% of the company's stock.

Applied Materials Price Performance

NASDAQ AMAT opened at $225.34 on Thursday. The stock has a market cap of $179.52 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.83 and a beta of 1.82. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07. The business has a 50 day simple moving average of $189.03 and a 200 day simple moving average of $175.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50.

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 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 during the quarter, compared to analysts' expectations of $7.21 billion. During the same period last year, the business earned $2.12 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid 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%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America raised shares of Applied Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research report on Monday, October 13th. Daiwa Capital Markets reaffirmed a "neutral" rating and issued a $170.00 price target (down from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Citigroup cut their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Wells Fargo & Company raised their price objective on Applied Materials from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Finally, UBS Group cut their price target on shares of Applied Materials from $185.00 to $180.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Applied Materials presently has an average rating of "Moderate Buy" and an average target price of $209.15.

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.

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.