Applied Materials, Inc. $AMAT Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Applied Materials by 3.7%, owning approximately 2.84 million shares valued at $520.79 million as of its latest SEC filing.
• Applied Materials reported $2.48 earnings per share in its latest quarterly earnings, exceeding analyst expectations and showing a year-over-year revenue increase of 7.7% to $7.30 billion.
• The company announced a quarterly dividend of $0.46 per share, with a payout ratio of 21.93%, to be paid on December 11th to investors of record.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,844,760 shares of the manufacturing equipment provider's stock after purchasing an additional 101,721 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.35% of Applied Materials worth $520,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. West Michigan Advisors LLC boosted its stake in shares of Applied Materials by 23.9% in the second quarter. West Michigan Advisors LLC now owns 2,076 shares of the manufacturing equipment provider's stock worth $380,000 after buying an additional 401 shares during the last quarter. First Business Financial Services Inc. acquired a new stake in Applied Materials during the second quarter valued at $204,000. Moloney Securities Asset Management LLC grew its position in Applied Materials by 176.0% during the second quarter. Moloney Securities Asset Management LLC now owns 5,735 shares of the manufacturing equipment provider's stock valued at $1,050,000 after buying an additional 3,657 shares during the period. ARGA Investment Management LP grew its position in Applied Materials by 92.3% during the second quarter. ARGA Investment Management LP now owns 8,321 shares of the manufacturing equipment provider's stock valued at $1,523,000 after buying an additional 3,994 shares during the period. Finally, GLOBALT Investments LLC GA grew its position in Applied Materials by 1.4% during the second quarter. GLOBALT Investments LLC GA now owns 9,514 shares of the manufacturing equipment provider's stock valued at $1,742,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 80.56% of the company's stock.

Applied Materials Trading Down 0.3%

Shares of AMAT opened at $227.84 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $232.07. The firm has a 50-day moving average price of $189.84 and a 200 day moving average price of $176.60. The firm has a market capitalization of $181.51 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.76 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Applied Materials's quarterly 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. Sell-side analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 dividend on an annualized basis and a dividend yield of 0.8%. Applied Materials's dividend payout ratio is currently 21.93%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective 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. Weiss Ratings restated a "hold (c)" rating on shares of Applied Materials in a research report on Wednesday, October 8th. DZ Bank cut shares of Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Evercore ISI restated an "outperform" rating and set a $209.00 price objective on shares of Applied Materials in a research report on Friday, August 15th. Finally, Mizuho upped their target price on shares of Applied Materials from $175.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, October 16th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.15.

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.

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