Meriwether Wealth & Planning LLC Raises Position in Applied Materials, Inc. $AMAT

Meriwether Wealth & Planning LLC raised its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 73.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,993 shares of the manufacturing equipment provider's stock after acquiring an additional 2,115 shares during the quarter. Meriwether Wealth & Planning LLC's holdings in Applied Materials were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other large investors also recently modified their holdings of the company. Shelton Wealth Management LLC lifted its stake 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 buying an additional 51 shares in the last quarter. Old Port Advisors increased its holdings in shares of Applied Materials by 2.5% in the 1st quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock worth $396,000 after buying an additional 66 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of 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 worth $218,000 after buying an additional 68 shares during the last quarter. Cromwell Holdings LLC grew its holdings in Applied Materials by 2.8% during the 1st quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider's stock valued at $369,000 after purchasing an additional 69 shares during the last quarter. Finally, TCTC Holdings LLC boosted its position 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 buying an additional 70 shares during the period. Hedge funds and other institutional investors own 80.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMAT shares. Daiwa Capital Markets reissued a "neutral" rating and set a $170.00 target price (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Redburn Atlantic lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating and dropped their price target for the company from $225.00 to $200.00 in a research report on Monday, July 7th. Mizuho restated a "neutral" rating and set a $175.00 price target (down previously from $200.00) on shares of Applied Materials in a research report on Friday, September 12th. Citigroup dropped their target price on shares of Applied Materials from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Wells Fargo & Company dropped their target price on shares of Applied Materials from $215.00 to $205.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.92.

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Get Our Latest Research Report on Applied Materials

Insider Transactions at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company's stock.

Applied Materials Trading Up 0.2%

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Shares of Applied Materials stock opened at $190.10 on Friday. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 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 company has a market capitalization of $151.44 billion, a P/E ratio of 22.66, a PEG ratio of 2.71 and a beta of 1.77. The company's fifty day moving average is $176.30 and its two-hundred day moving average is $165.58.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 annualized dividend and a dividend yield of 1.0%. Applied Materials's dividend payout ratio (DPR) is 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.

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