Applied Materials, Inc. $AMAT Stake Boosted by BankPlus Trust Department

BankPlus Trust Department grew its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5,555.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 509 shares of the manufacturing equipment provider’s stock after purchasing an additional 500 shares during the quarter. BankPlus Trust Department’s holdings in Applied Materials were worth $93,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. grew its holdings in shares of Applied Materials by 972.2% during 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 during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Applied Materials in the 1st quarter worth approximately $29,000. Maseco LLP bought a new position in Applied Materials in the 2nd quarter worth approximately $30,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after buying an additional 174 shares in the last quarter. Finally, Activest Wealth Management grew its holdings 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 worth $31,000 after buying an additional 213 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMAT. Cantor Fitzgerald reissued an “overweight” rating and issued a $225.00 price objective on shares of Applied Materials in a report on Friday, October 3rd. KeyCorp increased their price objective on Applied Materials from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, September 23rd. Cfra Research raised Applied Materials to a “hold” rating in a report on Friday, August 15th. Citigroup decreased their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, Stifel Nicolaus decreased their price target on Applied Materials from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.85.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $217.51 on Thursday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $226.49. The stock has a fifty day moving average of $181.20 and a 200-day moving average of $170.63. The company has a market capitalization of $173.28 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.82. 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 announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS 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 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 prior year, the firm earned $2.12 EPS. The company’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. As a group, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

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

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.