KLP Kapitalforvaltning AS Has $68.11 Million Position in Applied Materials, Inc. $AMAT

KLP Kapitalforvaltning AS raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 372,041 shares of the manufacturing equipment provider’s stock after buying an additional 12,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Applied Materials were worth $68,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 valued at $28,000 after acquiring an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Applied Materials during the first quarter valued at $29,000. Maseco LLP acquired a new stake in Applied Materials during the second quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Applied Materials by 435.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Activest Wealth Management increased its position in Applied Materials by 5,325.0% in 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 last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 2.9%

Shares of Applied Materials stock opened at $223.91 on Tuesday. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month 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 stock has a 50 day moving average price of $180.17 and a two-hundred day moving average price of $170.02. The stock has a market capitalization of $178.38 billion, a P/E ratio of 26.69, a PEG ratio of 2.85 and a beta of 1.82.

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

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio is 21.93%.

Analyst Upgrades and Downgrades

AMAT has been the subject of several research reports. The Goldman Sachs Group started coverage on Applied Materials in a report on Thursday, July 10th. They set a “buy” rating and a $225.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, August 15th. Wells Fargo & Company reduced their target price on shares of Applied Materials from $215.00 to $205.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Rothschild & Co Redburn downgraded shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.12.

Applied Materials 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.