Private Trust Co. NA Trims Stock Holdings in Applied Materials, Inc. $AMAT

Private Trust Co. NA lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,655 shares of the manufacturing equipment provider’s stock after selling 639 shares during the quarter. Private Trust Co. NA’s holdings in Applied Materials were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Applied Materials by 28.0% in the fourth quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after buying an additional 2,771 shares during the last quarter. GAMMA Investing LLC grew its holdings in Applied Materials by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 12,571 shares of the manufacturing equipment provider’s stock worth $1,824,000 after acquiring an additional 2,711 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Applied Materials by 10.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 226,950 shares of the manufacturing equipment provider’s stock worth $32,935,000 after purchasing an additional 21,974 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Applied Materials by 16.0% in the 1st quarter. Johnson Investment Counsel Inc. now owns 21,777 shares of the manufacturing equipment provider’s stock valued at $3,160,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Applied Materials by 12.4% during the first quarter. Blue Trust Inc. now owns 6,304 shares of the manufacturing equipment provider’s stock worth $915,000 after purchasing an additional 695 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Shares of AMAT opened at $224.99 on Friday. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $232.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76. The stock has a fifty day moving average price of $186.80 and a 200 day moving average price of $174.12. The company has a market cap of $179.24 billion, a P/E ratio of 26.82, a PEG ratio of 2.85 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMAT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. UBS Group reduced their price objective on Applied Materials from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. DZ Bank downgraded shares of 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. Finally, Wells Fargo & Company increased their target price on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.