TD Asset Management Inc Raises Stock Holdings in Applied Materials, Inc. $AMAT

by · The Cerbat Gem

TD Asset Management Inc increased its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,530,957 shares of the manufacturing equipment provider’s stock after buying an additional 13,014 shares during the quarter. TD Asset Management Inc owned 0.19% of Applied Materials worth $280,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMAT. Runnymede Capital Advisors Inc. increased its stake in shares of Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $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 first quarter valued at approximately $29,000. Maseco LLP purchased a new position in shares of Applied Materials during the second quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 buying an additional 174 shares during the period. Finally, Activest Wealth Management increased its stake in shares of 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 buying an additional 213 shares during the period. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMAT shares. Rothschild & Co Redburn cut Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Monday, July 7th. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target on the stock. in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, August 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $225.00 price target on shares of Applied Materials in a research note on Friday, October 3rd. Finally, B. Riley upped their price target on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.54.

View Our Latest Stock Report on AMAT

Applied Materials Trading Up 4.5%

NASDAQ AMAT opened at $219.48 on Tuesday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $226.49. The stock has a market cap of $174.85 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.75 and a beta of 1.82. The stock’s fifty day moving average price is $183.33 and its 200-day moving average price is $172.31. 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 (NASDAQ:AMAT – Get Free Report) last released 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. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the prior year, the firm posted $2.12 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio is currently 21.93%.

Applied Materials Company 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.

Further Reading

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