Peoples Financial Services CORP. Sells 1,580 Shares of Applied Materials, Inc. $AMAT

Peoples Financial Services CORP. lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,398 shares of the manufacturing equipment provider’s stock after selling 1,580 shares during the quarter. Peoples Financial Services CORP.’s holdings in Applied Materials were worth $622,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% in the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Applied Materials during the first quarter worth $29,000. Maseco LLP bought a new stake in Applied Materials during the second quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings 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 worth $31,000 after acquiring an additional 174 shares during the period. Finally, Activest Wealth Management lifted its holdings 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 worth $31,000 after acquiring an additional 213 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $203.92 on Monday. The stock has a market cap of $162.45 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.91 and a beta of 1.77. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70. 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 stock has a fifty day moving average of $176.94 and a 200-day moving average of $167.46.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the business earned $2.12 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is presently 21.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho reiterated a “neutral” rating and set a $175.00 price target (down from $200.00) on shares of Applied Materials in a report on Friday, September 12th. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Wells Fargo & Company lowered their target price on Applied Materials from $215.00 to $205.00 and set an “overweight” rating on the stock in a research note on Friday, August 15th. Bank of America restated a “neutral” rating and issued a $180.00 target price (down from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Finally, DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price on the stock. in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and an average price target of $194.15.

Applied Materials Company 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.