Midwest Trust Co Takes $20.93 Million Position in Applied Materials, Inc. $AMAT

Midwest Trust Co purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the second quarter, Holdings Channel reports. The institutional investor purchased 114,352 shares of the manufacturing equipment provider’s stock, valued at approximately $20,934,000.

Other large investors have also recently bought and sold shares of the company. Maseco LLP acquired a new position in shares of Applied Materials in the 2nd quarter valued at about $30,000. Clal Insurance Enterprises Holdings Ltd grew 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 purchasing an additional 174 shares in the last quarter. Activest Wealth Management increased its stake in Applied Materials by 5,325.0% in the 1st 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. Quaker Wealth Management LLC lifted its position in Applied Materials by 133.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 218 shares of the manufacturing equipment provider’s stock worth $40,000 after buying an additional 873 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of Applied Materials during the 2nd quarter valued at $47,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Applied Materials Stock Performance

AMAT opened at $230.07 on Friday. The company has a market cap of $183.28 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. The stock has a 50-day moving average of $205.31 and a 200-day moving average of $184.28. 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.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating 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 business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same period last year, the business earned $2.12 EPS. The firm’s 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. As a group, equities research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of a number of research reports. KeyCorp upped their price target on shares of Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. B. Riley upped their target price on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and raised their price target for the stock from $180.00 to $250.00 in a research note on Monday, October 13th. Mizuho boosted their price target on Applied Materials from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Citigroup dropped their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.