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

Twin Capital Management Inc. trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,230 shares of the manufacturing equipment provider’s stock after selling 325 shares during the period. Twin Capital Management Inc.’s holdings in Applied Materials were worth $2,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMAT. Bank of New York Mellon Corp grew its position in Applied Materials by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock worth $1,455,716,000 after acquiring an additional 291,358 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of 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 purchasing an additional 1,502,995 shares during the last quarter. Amundi lifted its stake 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 purchasing an additional 1,046,635 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Applied Materials during the 1st quarter worth about $1,085,600,000. Finally, Deutsche Bank AG increased its position in shares of Applied Materials by 20.7% during the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after purchasing an additional 1,235,097 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. B. Riley upped their target price on shares of Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. The Goldman Sachs Group increased their price objective on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Bank of America upgraded shares of Applied Materials from a “neutral” rating to a “buy” rating and lifted their target price for the company from $180.00 to $250.00 in a report on Monday, October 13th. Finally, Barclays upped their price target on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, October 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $210.96.

Applied Materials Price Performance

Applied Materials stock opened at $240.89 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $242.50. The firm has a market cap of $191.90 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. The company’s 50 day moving average is $202.56 and its two-hundred day moving average is $182.95.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data 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. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same quarter last year, the business posted $2.12 EPS. The business’s quarterly revenue 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. On average, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.46 dividend. 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 (DPR) is currently 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.