Trust Co. of Vermont Lowers Holdings in Applied Materials, Inc. $AMAT

Trust Co. of Vermont trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,570 shares of the manufacturing equipment provider’s stock after selling 2,413 shares during the quarter. Applied Materials accounts for 1.1% of Trust Co. of Vermont’s holdings, making the stock its 21st largest holding. Trust Co. of Vermont’s holdings in Applied Materials were worth $22,805,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AMAT. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock worth $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Applied Materials in the 1st quarter worth $29,000. Maseco LLP purchased a new stake in shares of Applied Materials in the 2nd quarter worth $30,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 during the period. Finally, Activest Wealth Management lifted its holdings in shares of 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 during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMAT shares. Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Morgan Stanley raised Applied Materials from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $172.00 to $209.00 in a research report on Monday, September 22nd. Barclays raised their price objective on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Wall Street Zen downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, Summit Insights downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.15.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $204.73 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The company has a market cap of $163.10 billion, a PE ratio of 24.40, a P/E/G ratio of 2.92 and a beta of 1.77. The business has a 50-day simple moving average of $177.54 and a two-hundred day simple moving average of $168.06. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $215.70.

Applied Materials (NASDAQ:AMAT) last issued its quarterly 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. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal 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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is presently 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.