Wedge Capital Management L L P NC Sells 70 Shares of Applied Materials, Inc. $AMAT

Wedge Capital Management L L P NC trimmed its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,572 shares of the manufacturing equipment provider’s stock after selling 70 shares during the period. Wedge Capital Management L L P NC’s holdings in Applied Materials were worth $288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Shelton Wealth Management LLC raised its position in shares of Applied Materials by 1.5% during the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares during the period. Old Port Advisors increased its holdings in Applied Materials by 2.5% in the 1st quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider’s stock valued at $396,000 after acquiring an additional 66 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in Applied Materials by 4.7% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider’s stock valued at $218,000 after acquiring an additional 68 shares during the last quarter. Cromwell Holdings LLC increased its holdings in Applied Materials by 2.8% in the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider’s stock valued at $369,000 after acquiring an additional 69 shares during the last quarter. Finally, TCTC Holdings LLC increased its holdings in Applied Materials by 7.2% in the 1st quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider’s stock valued at $152,000 after acquiring an additional 70 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Trading Up 0.2%

NASDAQ:AMAT opened at $200.87 on Wednesday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $215.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $160.02 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.86 and a beta of 1.77. The firm has a 50-day simple moving average of $176.40 and a 200-day simple moving average of $166.23.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The company’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. Equities analysts anticipate 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. Stockholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. Applied Materials’s payout ratio is currently 21.93%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMAT. The Goldman Sachs Group began coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a “buy” rating and a $225.00 price target on the stock. Wolfe Research dropped their price objective on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Bank of America reissued a “neutral” rating and issued a $180.00 price objective (down from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Redburn Atlantic cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating and dropped their price objective for the stock from $225.00 to $200.00 in a research note on Monday, July 7th. Finally, Mizuho reissued a “neutral” rating and issued a $175.00 price objective (down from $200.00) on shares of Applied Materials in a research note on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $194.15.

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.