Canopy Partners LLC Has $497,000 Holdings in Applied Materials, Inc. $AMAT

Canopy Partners LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.1% in the second quarter, Holdings Channel reports. The firm owned 2,714 shares of the manufacturing equipment provider’s stock after purchasing an additional 81 shares during the quarter. Canopy Partners LLC’s holdings in Applied Materials were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. raised its holdings in shares of Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials during the first quarter worth about $29,000. Maseco LLP acquired a new position in Applied Materials during the second quarter worth about $30,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Activest Wealth Management increased its position in Applied Materials by 5,325.0% during the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 213 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $211.56 on Wednesday. The company has a market capitalization of $168.54 billion, a PE ratio of 25.22, a P/E/G ratio of 2.93 and a beta of 1.82. The company has a 50 day simple moving average of $180.63 and a two-hundred day simple moving average of $170.31. 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, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $226.49.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share 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 during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the company posted $2.12 earnings per share. Applied Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMAT shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 price objective on shares of Applied Materials in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Applied Materials from $200.00 to $170.00 and set a “hold” rating for the company in a report on Friday, August 15th. JPMorgan Chase & Co. upped their target price on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $209.00 price objective on shares of Applied Materials in a research note on Friday, August 15th. Finally, Redburn Atlantic downgraded Applied Materials from a “strong-buy” rating to a “hold” rating and lowered their price objective for the company from $225.00 to $200.00 in a research note on Monday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.12.

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.