Spire Wealth Management Sells 5,549 Shares of Applied Materials, Inc. $AMAT

by · The Cerbat Gem

Spire Wealth Management cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 14.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,945 shares of the manufacturing equipment provider’s stock after selling 5,549 shares during the period. Spire Wealth Management’s holdings in Applied Materials were worth $6,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMAT. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the first quarter valued at approximately $29,000. Maseco LLP purchased a new stake in Applied Materials during the second quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Activest Wealth Management lifted its position in Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Disciplina Capital Management LLC lifted its position in Applied Materials by 91.5% during the first quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of analyst reports. TD Cowen decreased their target price on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Mizuho increased their target price on shares of Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Wolfe Research decreased their target price on shares of Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Citigroup cut their price target on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research note on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and a consensus price target of $209.15.

Get Our Latest Stock Analysis on Applied Materials

Applied Materials Trading Up 3.6%

Shares of Applied Materials stock opened at $235.75 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $237.39. The firm has a market capitalization of $187.81 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.85 and a beta of 1.82. The firm’s 50 day simple moving average is $195.34 and its two-hundred day simple moving average is $179.65.

Applied Materials (NASDAQ:AMAT – Get Free Report) last released 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 firm had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts predict that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials’s dividend payout ratio is presently 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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