LaFleur & Godfrey LLC Reduces Holdings in Applied Materials, Inc. $AMAT

LaFleur & Godfrey LLC reduced its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,793 shares of the manufacturing equipment provider's stock after selling 2,140 shares during the quarter. LaFleur & Godfrey LLC's holdings in Applied Materials were worth $3,257,000 as of its most recent SEC filing.

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A number of other large investors have also added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. increased its holdings in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials during the 1st quarter valued at approximately $29,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock valued at $31,000 after buying an additional 174 shares in the last quarter. Activest Wealth Management lifted its holdings 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 valued at $31,000 after purchasing an additional 213 shares in the last quarter. Finally, Disciplina Capital Management LLC lifted its holdings in Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Wells Fargo & Company cut their price objective on Applied Materials from $215.00 to $205.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 target price for the company. in a report on Friday, August 15th. Cfra Research upgraded Applied Materials to a "hold" rating in a report on Friday, August 15th. Finally, Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Monday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $192.92.

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Get Our Latest Report on Applied Materials

Insider Transactions at Applied Materials

In other news, CAO Adam Sanders sold 562 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.24% of the company's stock.

Applied Materials Trading Up 0.2%

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Shares of AMAT stock opened at $190.10 on Monday. The business's fifty day moving average price is $176.30 and its 200 day moving average price is $165.67. 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 $151.44 billion, a PE ratio of 22.66, a P/E/G ratio of 2.71 and a beta of 1.77. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 40.96% and a net margin of 23.88%.Applied Materials's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced 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. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio is 21.93%.

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.

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