Applied Materials, Inc. $AMAT Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 22.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,117 shares of the manufacturing equipment provider’s stock after selling 22,311 shares during the quarter. Brookstone Capital Management’s holdings in Applied Materials were worth $14,118,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares in the last quarter. Amundi lifted its holdings in shares of Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after buying an additional 1,046,635 shares during the period. Nuveen LLC acquired a new position in Applied Materials during the first quarter worth $1,085,600,000. Deutsche Bank AG increased its holdings in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Applied Materials by 43.6% during 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 acquiring an additional 1,691,428 shares during the period. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $226.00 on Wednesday. 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 $180.04 billion, a PE ratio of 26.94, a P/E/G ratio of 2.85 and a beta of 1.82. The business has a 50-day moving average of $188.42 and a two-hundred day moving average of $175.63. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 yield of 0.8%. Applied Materials’s payout ratio is 21.93%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMAT shares. The Goldman Sachs Group upped their target price on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wolfe Research cut their price objective on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, August 15th. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Finally, Rothschild & Co Redburn lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Monday, July 7th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.15.

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.