Banque Pictet & Cie SA Cuts Stock Position in Applied Materials, Inc. $AMAT
Banque Pictet & Cie SA has reduced its stake in Applied Materials, Inc. by 3.9% in Q2, now holding 57,906 shares valued at approximately $10.56 million. Other investors, including Shelton Wealth Management and Octavia Wealth Advisors, have also adjusted their positions. Analysts have set new price targets, with Stifel Nicolaus lowering theirs from $195 to $180, while the stock currently trades at $199.60, down 0.9%. Applied Materials reported a quarterly EPS of $2.48, exceeding estimates, with revenue of $7.30 billion, a 7.7% increase year-over-year.
Banque Pictet & Cie SA decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,906 shares of the manufacturing equipment provider's stock after selling 2,333 shares during the quarter. Banque Pictet & Cie SA's holdings in Applied Materials were worth $10,560,000 as of its most recent filing with the Securities and Exchange Commission.
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Other large investors have also recently added to or reduced their stakes in the company. Shelton Wealth Management LLC raised its holdings 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 during the period. Octavia Wealth Advisors LLC boosted its holdings in Applied Materials by 0.8% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock worth $1,135,000 after acquiring an additional 51 shares during the period. Narus Financial Partners LLC grew its position in Applied Materials by 3.8% in the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock valued at $262,000 after acquiring an additional 52 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock valued at $358,000 after purchasing an additional 52 shares during the period. Finally, Old Port Advisors lifted its position in shares of Applied Materials by 2.5% during the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider's stock worth $396,000 after purchasing an additional 66 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Applied Materials from $195.00 to $180.00 and set a "buy" rating for the company in a report on Friday, August 15th. Rothschild & Co Redburn downgraded Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 target price for the company. in a research note on Monday, July 7th. Mizuho reaffirmed a "neutral" rating and set a $175.00 target price (down from $200.00) on shares of Applied Materials in a research report on Friday, September 12th. The Goldman Sachs Group assumed coverage on Applied Materials in a report on Thursday, July 10th. They issued a "buy" rating and a $225.00 price target for the company. Finally, Bank of America restated a "neutral" rating and set a $180.00 price objective (down from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Seventeen equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $194.15.
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Applied Materials Trading Down 0.9%
Shares of NASDAQ AMAT opened at $199.60 on Friday. The stock's 50 day moving average price is $176.67 and its two-hundred day moving average price is $166.81. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The stock has a market capitalization of $159.01 billion, a P/E ratio of 23.79, a PEG ratio of 2.87 and a beta of 1.77. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.
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Applied Materials (NASDAQ:AMAT - Get Free Report) 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. The firm had revenue of $7.30 billion for the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.Applied Materials's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.
Applied Materials Announces Dividend
The firm also recently announced 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's dividend payout ratio is 21.93%.
Applied Materials Profile
(Free Report)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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