Portside Wealth Group LLC Buys 2,020 Shares of Applied Materials, Inc. $AMAT

Portside Wealth Group LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 23.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,708 shares of the manufacturing equipment provider's stock after buying an additional 2,020 shares during the period. Portside Wealth Group LLC's holdings in Applied Materials were worth $1,960,000 as of its most recent filing with the SEC.3 Cash-Rich Stocks With High Growth Potential Right NowSeveral other large investors have also recently bought and sold shares of the stock. IFG Advisory LLC boosted its holdings in shares of Applied Materials by 1,008.1% during the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider's stock valued at $6,619,000 after acquiring an additional 32,893 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in Applied Materials by 23.0% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,643 shares of the manufacturing equipment provider's stock worth $2,315,000 after purchasing an additional 2,363 shares in the last quarter. Sienna Gestion raised its position in Applied Materials by 10.2% in the second quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider's stock valued at $18,924,000 after purchasing an additional 10,468 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Applied Materials by 7.6% during the second quarter. Achmea Investment Management B.V. now owns 501,587 shares of the manufacturing equipment provider's stock valued at $91,826,000 after purchasing an additional 35,437 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Applied Materials by 9.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 77,178 shares of the manufacturing equipment provider's stock valued at $14,129,000 after purchasing an additional 6,704 shares in the last quarter. 80.56% of the stock is owned by institutional investors. Get Applied Materials alerts:Wall Street Analyst Weigh InSeveral research analysts have recently issued reports on AMAT shares. B. Riley reaffirmed a "buy" rating and issued a $270.00 price objective (up previously from $265.00) on shares of Applied Materials in a research note on Friday. Cfra Research upgraded shares of Applied Materials to a "hold" rating in a research report on Friday, August 15th. Mizuho dropped their price target on shares of Applied Materials from $215.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday. Morgan Stanley cut their price target on shares of Applied Materials from $256.00 to $252.00 and set an "overweight" rating on the stock in a report on Friday. Finally, DZ Bank downgraded Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a report on Friday, August 15th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.74.Applied Materials' Knee-Jerk Sell-Off Is Your Signal to BuyView Our Latest Stock Report on AMATApplied Materials Trading Up 1.2%NASDAQ:AMAT opened at $228.71 on Tuesday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50. 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 firm's fifty day moving average is $213.61 and its 200-day moving average is $187.88. The firm has a market cap of $182.20 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.95 and a beta of 1.84. 4 Stocks That May Get a Big Earnings Bump This WeekApplied Materials (NASDAQ:AMAT - Get Free Report) last released its earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.06. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.68 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 down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year. Applied Materials Announces DividendThe 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. 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 payout ratio is currently 21.20%. About Applied Materials (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.Read MoreFive stocks we like better than Applied MaterialsStock Ratings and Recommendations: Understanding Analyst RatingsWhirlpool’s Worst May Be Over—Upside Opportunity Ahead3 Dividend Kings To ConsiderThese 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This QuarterAre Penny Stocks a Good Fit for Your Portfolio?How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Applied Materials Right Now?Before you consider Applied Materials, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Materials wasn't on the list.While Applied Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here