Bank of Jackson Hole Trust Buys 694 Shares of Applied Materials, Inc. $AMAT

Bank of Jackson Hole Trust raised its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 19.2% in the second quarter, Holdings Channel reports. The firm owned 4,314 shares of the manufacturing equipment provider’s stock after acquiring an additional 694 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Applied Materials were worth $790,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMAT. Nuveen LLC acquired a new position in shares of Applied Materials during the 1st quarter worth approximately $1,085,600,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Applied Materials during the 2nd quarter worth approximately $882,396,000. Pacer Advisors Inc. increased its holdings in shares of Applied Materials by 2,401.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,066,817 shares of the manufacturing equipment provider’s stock worth $445,056,000 after acquiring an additional 2,944,193 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Applied Materials by 43.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after acquiring an additional 1,691,428 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Applied Materials by 23.6% during the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AMAT. Morgan Stanley raised Applied Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $172.00 to $209.00 in a report on Monday, September 22nd. DZ Bank lowered Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 target price on the stock. in a report on Friday, August 15th. JPMorgan Chase & Co. boosted their target price on Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 15th. B. Riley boosted their price target on Applied Materials from $200.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, KeyCorp boosted their price target on Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Eighteen research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $209.15.

Applied Materials Stock Performance

AMAT opened at $227.64 on Wednesday. The business has a fifty day simple moving average of $193.84 and a 200 day simple moving average of $179.02. The company has a market capitalization of $181.35 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $235.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s payout ratio is currently 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.