First National Trust Co Has $1.43 Million Stock Holdings in Applied Materials, Inc. $AMAT

First National Trust Co cut its position in Applied Materials, Inc. (NASDAQ:AMAT) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,804 shares of the manufacturing equipment provider’s stock after selling 502 shares during the period. First National Trust Co’s holdings in Applied Materials were worth $1,429,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Applied Materials by 23.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after buying an additional 1,502,995 shares during the period. Amundi boosted its stake in Applied Materials by 15.8% during the 1st quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after purchasing an additional 1,046,635 shares during the last quarter. Nuveen LLC acquired a new position in Applied Materials during the 1st quarter valued at about $1,085,600,000. Deutsche Bank AG boosted its stake in Applied Materials by 20.7% during the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $808,853,000 after purchasing an additional 1,691,428 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMAT has been the subject of a number of analyst reports. Redburn Atlantic downgraded Applied Materials from a “strong-buy” rating to a “hold” rating and cut their price target for the company from $225.00 to $200.00 in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Morgan Stanley upgraded Applied Materials from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $172.00 to $209.00 in a research note on Monday, September 22nd. Daiwa America downgraded Applied Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research cut their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.15.

Applied Materials Price Performance

AMAT opened at $227.64 on Wednesday. The firm has a market cap of $181.35 billion, a P/E ratio of 27.13, a PEG ratio of 2.89 and a beta of 1.82. The firm has a 50-day moving average of $193.84 and a 200 day moving average of $179.02. 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, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $235.79.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results 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 company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.46 dividend. 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%.

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.