Huntington National Bank Sells 18,353 Shares of Applied Materials, Inc. $AMAT

Huntington National Bank lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,319 shares of the manufacturing equipment provider’s stock after selling 18,353 shares during the period. Huntington National Bank’s holdings in Applied Materials were worth $25,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Applied Materials by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock worth $1,455,716,000 after purchasing an additional 291,358 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Applied Materials by 23.6% during the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after purchasing an additional 1,502,995 shares during the last quarter. Amundi increased its holdings in shares of Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after buying an additional 1,046,635 shares during the period. Nuveen LLC purchased a new position in shares of Applied Materials in the first quarter worth about $1,085,600,000. Finally, Deutsche Bank AG increased its holdings in shares of Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the period. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 2.0%

Shares of NASDAQ:AMAT opened at $237.71 on Tuesday. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $242.50. The company has a market cap of $189.37 billion, a PE ratio of 28.33, a P/E/G ratio of 2.95 and a beta of 1.82. 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’s 50-day moving average is $199.72 and its 200 day moving average is $181.89.

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 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the previous year, the business earned $2.12 EPS. 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. Sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

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

Analyst Ratings Changes

AMAT has been the topic of several analyst reports. Mizuho lifted their price objective on Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Evercore ISI reiterated an “outperform” rating and issued a $209.00 price objective on shares of Applied Materials in a report on Friday, August 15th. KeyCorp lifted their price objective on Applied Materials from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. The Goldman Sachs Group lifted their price objective on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Wells Fargo & Company lifted their price objective on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average target price of $210.96.

Applied Materials 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.