Applied Materials, Inc. $AMAT Shares Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its stake in Applied Materials by 24.6%, owning 77,417 shares worth approximately $14.17 million following their latest purchasing activity.
• Applied Materials reported strong earnings, posting $2.48 earnings per share for the quarter, exceeding analysts' expectations, and experiencing a 7.7% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.46 per share, with a payment scheduled for December 11th, reflecting a 0.8% dividend yield for investors.

First Citizens Bank & Trust Co. increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,417 shares of the manufacturing equipment provider's stock after buying an additional 15,271 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Applied Materials were worth $14,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMAT. Shelton Wealth Management LLC lifted its stake in shares of Applied Materials by 1.5% in the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider's stock valued at $622,000 after purchasing an additional 51 shares during the last quarter. Octavia Wealth Advisors LLC raised its holdings in Applied Materials by 0.8% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider's stock valued at $1,135,000 after buying an additional 51 shares during the period. Narus Financial Partners LLC lifted its position in Applied Materials by 3.8% in the second quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider's stock valued at $262,000 after buying an additional 52 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider's stock worth $358,000 after buying an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC increased its position in shares of Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider's stock valued at $293,000 after acquiring an additional 53 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Down 2.4%

NASDAQ:AMAT opened at $220.56 on Thursday. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $232.07. The stock has a market cap of $175.71 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.83 and a beta of 1.82. 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 stock has a 50-day simple moving average of $189.03 and a 200-day simple moving average of $175.94.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its 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 firm had revenue of $7.30 billion during the quarter, compared to analysts' expectations of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. As a group, analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials's payout ratio is 21.93%.

Analyst Ratings Changes

AMAT has been the topic of several recent analyst reports. Daiwa America lowered shares of Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Bank of America upgraded Applied Materials from a "neutral" rating to a "buy" rating and upped their price target for the stock from $180.00 to $250.00 in a research note on Monday, October 13th. JPMorgan Chase & Co. lifted 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. Cfra Research raised Applied Materials to a "hold" rating in a research note on Friday, August 15th. Finally, The Goldman Sachs Group lifted their target price on Applied Materials from $215.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Applied Materials has an average rating of "Moderate Buy" and a consensus price target of $209.15.

About Applied Materials

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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