Huntington National Bank Decreases Stock Holdings in Applied Materials, Inc. $AMAT

Huntington National Bank trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 11.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,319 shares of the manufacturing equipment provider’s stock after selling 18,353 shares during the quarter. Huntington National Bank’s holdings in Applied Materials were worth $25,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMAT. Bridgewater Advisors Inc. increased its position in Applied Materials by 3.9% in the second quarter. Bridgewater Advisors Inc. now owns 8,870 shares of the manufacturing equipment provider’s stock worth $1,671,000 after buying an additional 331 shares during the last quarter. Bank of New York Mellon Corp increased its position in Applied Materials by 3.8% in 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 buying an additional 291,358 shares during the last quarter. Corton Capital Inc. purchased a new stake in Applied Materials in the second quarter worth $300,000. Freestone Capital Holdings LLC increased its position in Applied Materials by 7.1% in the second quarter. Freestone Capital Holdings LLC now owns 61,959 shares of the manufacturing equipment provider’s stock worth $11,343,000 after buying an additional 4,096 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in Applied Materials by 6.2% in the second quarter. Westside Investment Management Inc. now owns 6,970 shares of the manufacturing equipment provider’s stock worth $1,276,000 after buying an additional 406 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Price Performance

Applied Materials stock opened at $237.71 on Tuesday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50. The business has a 50-day simple moving average of $199.72 and a 200 day simple moving average of $181.89. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. The stock has a market cap of $189.37 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.95 and a beta of 1.82.

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

Applied Materials Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMAT shares. TD Cowen decreased their target price on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 15th. B. Riley raised their price target on Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 10th. The Goldman Sachs Group raised their price target on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company raised their price target on Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $170.00 price target (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.96.

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.