Applied Materials, Inc. $AMAT Shares Bought by Comerica Bank

Key Points

• Comerica Bank increased its stake in Applied Materials, Inc. by 17.6%, bringing its total holdings to 209,504 shares valued at approximately $30.4 million.
• Applied Materials reported $2.48 EPS for the last quarter, surpassing analysts' expectations, with revenue reaching $7.30 billion, a 7.7% increase year-over-year.
• The company declared a quarterly dividend of $0.46 per share, with an annualized dividend yield of 1.1%, to be paid on September 11th.

Comerica Bank boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 17.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,504 shares of the manufacturing equipment provider's stock after buying an additional 31,294 shares during the period. Comerica Bank's holdings in Applied Materials were worth $30,403,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMAT. Runnymede Capital Advisors Inc. lifted its stake 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 valued at $28,000 after purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in Applied Materials during the 1st quarter worth about $29,000. Clal Insurance Enterprises Holdings Ltd increased 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 valued at $31,000 after acquiring an additional 174 shares during the last quarter. Disciplina Capital Management LLC increased its holdings in shares of Applied Materials by 91.5% in the 1st quarter. Disciplina Capital Management LLC now owns 272 shares of the manufacturing equipment provider's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Applied Materials in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 80.56% of the company's stock.

Insider Activity

In other news, CAO Adam Sanders sold 562 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares in the company, valued at $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Up 1.7%

AMAT opened at $162.49 on Monday. 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 firm has a market cap of $129.45 billion, a P/E ratio of 19.37, a PEG ratio of 2.32 and a beta of 1.70. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The business's fifty day simple moving average is $183.13 and its 200 day simple moving average is $165.90.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. 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 research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.84 annualized dividend and a dividend yield of 1.1%. Applied Materials's dividend payout ratio (DPR) is 21.93%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMAT shares. Deutsche Bank Aktiengesellschaft decreased their target price on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, August 15th. DZ Bank cut Applied Materials from a "hold" rating to a "sell" rating and set a $150.00 price target for the company. in a report on Friday, August 15th. JPMorgan Chase & Co. raised their price objective on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Daiwa America cut shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $180.00 price target (down previously from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $193.88.

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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