Leo Wealth LLC Invests $245,000 in Applied Materials, Inc. $AMAT

Leo Wealth LLC bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, Holdings Channel.com reports. The firm bought 1,336 shares of the manufacturing equipment provider’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMAT. Nuveen LLC bought a new position in shares of Applied Materials in the first quarter worth about $1,085,600,000. Kingstone Capital Partners Texas LLC bought a new position in Applied Materials in the 2nd quarter valued at approximately $882,396,000. Pacer Advisors Inc. raised its holdings in Applied Materials by 2,401.0% in the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock valued at $445,056,000 after buying an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after buying an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after buying an additional 1,502,995 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Performance

Shares of AMAT stock opened at $209.95 on Friday. The company has a market cap of $167.25 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $226.49. 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 firm has a 50 day moving average of $182.60 and a 200-day moving average of $171.47.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, equities analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given 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 dividend yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is 21.93%.

Analysts Set New Price Targets

AMAT has been the subject of a number of research reports. Bank of America reiterated a “neutral” rating and issued a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Wall Street Zen lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. UBS Group lowered their price target on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Redburn Atlantic lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating and lowered their price target for the stock from $225.00 to $200.00 in a report on Monday, July 7th. Finally, Wolfe Research lowered their price target 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. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.