Sovereign Financial Group Inc. Buys Shares of 1,390 Applied Materials, Inc. $AMAT

Sovereign Financial Group Inc. purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,390 shares of the manufacturing equipment provider’s stock, valued at approximately $254,000.

Other hedge funds have also modified their holdings of the company. Runnymede Capital Advisors Inc. grew 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 purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials during the 1st quarter worth $29,000. Maseco LLP purchased a new position in shares of Applied Materials during the 2nd quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of 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 during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Price Performance

AMAT stock opened at $209.95 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The firm has a market capitalization of $167.25 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.75 and a beta of 1.82. The business’s 50-day moving average is $182.60 and its two-hundred day moving average is $171.79. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.9%. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMAT. Redburn Atlantic cut 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. 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. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price for the company. in a report on Friday, August 15th. JPMorgan Chase & Co. raised their target price on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Finally, The Goldman Sachs Group raised their target price on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Seventeen investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.50.

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.