Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Applied Materials by 31.8%, acquiring an additional 35,012 shares, bringing its total holdings to 145,277 shares valued at approximately $26.6 million.
• Applied Materials reported $2.48 EPS for the recent quarter, exceeding expectations of $2.36, and a 7.7% increase in revenue year-over-year to $7.30 billion.
• The company announced a quarterly dividend of $0.46 per share, with shares set to be paid on December 11th for shareholders recorded by November 20th, reflecting a 0.9% yield.

Vanguard Personalized Indexing Management LLC grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 31.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,277 shares of the manufacturing equipment provider's stock after acquiring an additional 35,012 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Applied Materials were worth $26,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Runnymede Capital Advisors Inc. raised its stake in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials in the first quarter valued at $29,000. Maseco LLP purchased a new stake in shares of Applied Materials in the second quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 174 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Down 4.7%

Shares of Applied Materials stock opened at $209.95 on Friday. 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 1 year low of $123.74 and a 1 year high of $226.49. The firm's 50-day moving average is $182.60 and its two-hundred day moving average is $171.62. The stock has a market cap of $167.25 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.75 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. During the same period in the prior year, the business earned $2.12 EPS. The firm's quarterly 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. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials's dividend payout ratio is presently 21.93%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho reissued a "neutral" rating and issued a $175.00 target price (down previously from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. Daiwa Capital Markets restated a "neutral" rating and issued a $170.00 price target (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Morgan Stanley upgraded shares of Applied Materials from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $172.00 to $209.00 in a report on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.50.

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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