Keybank National Association OH Decreases Holdings in Applied Materials, Inc. $AMAT

Keybank National Association OH lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,860 shares of the manufacturing equipment provider’s stock after selling 116 shares during the period. Keybank National Association OH’s holdings in Applied Materials were worth $21,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Maseco LLP acquired a new position in Applied Materials in the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Applied Materials by 435.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Activest Wealth Management grew its holdings in shares of 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 buying an additional 213 shares in the last quarter. Quaker Wealth Management LLC grew its holdings in shares of Applied Materials by 133.3% during the second 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 position in Applied Materials during the second quarter worth about $47,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Down 1.4%

Shares of AMAT stock opened at $232.55 on Friday. 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 firm has a market cap of $185.26 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.95 and a beta of 1.82. The company has a 50-day moving average of $196.79 and a two-hundred day moving average of $180.02. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $242.50.

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

Applied Materials Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s payout ratio is 21.93%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Summit Insights downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, August 15th. The Goldman Sachs Group upped their price target on Applied Materials from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, TD Cowen dropped their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.15.

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.