AMG National Trust Bank Grows Holdings in Applied Materials, Inc. $AMAT

AMG National Trust Bank lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 34.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,936 shares of the manufacturing equipment provider’s stock after acquiring an additional 493 shares during the quarter. AMG National Trust Bank’s holdings in Applied Materials were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. Amundi lifted its holdings in shares of Applied Materials by 15.8% in the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials in the 1st quarter worth approximately $1,085,600,000. Deutsche Bank AG lifted its holdings in shares of Applied Materials by 20.7% in the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after acquiring an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Applied Materials by 43.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Stock Up 0.2%

Shares of NASDAQ AMAT opened at $233.10 on Friday. 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 $242.50. The firm has a market capitalization of $185.70 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.82. The firm has a fifty day simple moving average of $198.20 and a two-hundred day simple moving average of $180.88.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the prior year, the business earned $2.12 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend payout ratio is 21.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. UBS Group lowered their price target on shares of Applied Materials from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Stifel Nicolaus upped their price target on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 13th. Citigroup lowered their price target on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, DZ Bank lowered shares of Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price target for the company. in a report on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $210.96.

About Applied Materials

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.