Wilmington Savings Fund Society FSB Reduces Position in Applied Materials, Inc. $AMAT

Key Points

• Wilmington Savings Fund Society FSB decreased its holdings in Applied Materials, cutting its position by 6.8% during the second quarter, now owning 17,420 shares worth approximately $3.19 million.
• Several large investors have recently adjusted their positions in Applied Materials, with significant increases in holdings by firms such as Runnymede Capital Advisors Inc. and Activest Wealth Management.
• Analysts have been adjusting their price targets for Applied Materials, with Deutsche Bank lowering its target from $200 to $170, while 18 analysts continue to rate the stock as a "Buy."

Wilmington Savings Fund Society FSB cut its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,420 shares of the manufacturing equipment provider's stock after selling 1,262 shares during the period. Wilmington Savings Fund Society FSB's holdings in Applied Materials were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. increased its position in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials in the 1st quarter valued at approximately $29,000. Maseco LLP acquired a new position in shares of Applied Materials in the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 174 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 213 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMAT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a report on Friday, August 15th. Summit Insights cut shares of Applied Materials from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Wolfe Research lowered their target price on shares of Applied Materials from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Daiwa Capital Markets restated a "neutral" rating and issued a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Finally, Daiwa America cut shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and an average price target of $204.54.

Applied Materials Stock Down 0.6%

Shares of NASDAQ:AMAT opened at $218.19 on Wednesday. The stock has a market cap of $173.82 billion, a P/E ratio of 26.01, a P/E/G ratio of 2.88 and a beta of 1.82. The firm has a fifty day moving average price of $184.11 and a 200 day moving average price of $172.62. 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.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. Applied Materials's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials's dividend 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.

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