Midwest Trust Co Purchases Shares of 114,352 Applied Materials, Inc. $AMAT

Midwest Trust Co acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 114,352 shares of the manufacturing equipment provider’s stock, valued at approximately $20,934,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flossbach Von Storch SE boosted its position in Applied Materials by 11.5% during the 2nd quarter. Flossbach Von Storch SE now owns 2,461,720 shares of the manufacturing equipment provider’s stock worth $450,667,000 after acquiring an additional 254,502 shares during the period. DJE Kapital AG increased its holdings in shares of Applied Materials by 24.8% during the second quarter. DJE Kapital AG now owns 67,795 shares of the manufacturing equipment provider’s stock valued at $12,415,000 after purchasing an additional 13,480 shares during the period. Acadian Asset Management LLC raised its stake in shares of Applied Materials by 417.3% during the second quarter. Acadian Asset Management LLC now owns 1,732,015 shares of the manufacturing equipment provider’s stock valued at $317,053,000 after purchasing an additional 1,397,217 shares in the last quarter. Rathbones Group PLC raised its stake in shares of Applied Materials by 3.2% during the second quarter. Rathbones Group PLC now owns 133,391 shares of the manufacturing equipment provider’s stock valued at $24,420,000 after purchasing an additional 4,131 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Applied Materials by 681.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 101,004 shares of the manufacturing equipment provider’s stock worth $18,491,000 after purchasing an additional 88,073 shares during the period. 80.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on AMAT shares. Stifel Nicolaus boosted their price target on shares of Applied Materials from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Cfra Research raised Applied Materials to a “hold” rating in a report on Friday, August 15th. Bank of America upgraded Applied Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $250.00 in a research report on Monday, October 13th. Summit Insights lowered Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Citigroup dropped their price objective on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $210.96.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $230.07 on Friday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $242.50. The stock has a fifty day moving average of $205.31 and a 200-day moving average of $184.28. The company has a market capitalization of $183.28 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.84. 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 issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 EPS. 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. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is presently 21.93%.

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.