Fifth Third Bancorp Decreases Position in Applied Materials, Inc. $AMAT

Key Points

• Fifth Third Bancorp has reduced its stake in Applied Materials by 12.6%, selling 70,979 shares to own 490,447 shares valued at approximately $89.8 million as of the latest SEC filing.
• Applied Materials recently reported earnings of $2.48 per share, exceeding analysts' expectations, with revenue of $7.30 billion for the quarter, reflecting a 7.7% increase year-over-year.
• Applied Materials will issue a quarterly dividend of $0.46 per share, with the ex-dividend date set for November 20th, representing an annualized yield of 0.9%.

Fifth Third Bancorp lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,447 shares of the manufacturing equipment provider's stock after selling 70,979 shares during the quarter. Fifth Third Bancorp owned 0.06% of Applied Materials worth $89,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. raised its position in Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after purchasing an additional 175 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of Applied Materials in the first quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Applied Materials by 435.0% in the first 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 period. Activest Wealth Management increased its position in shares of Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock valued at $31,000 after acquiring an additional 213 shares during the period. Finally, Greenline Partners LLC purchased a new position in shares of Applied Materials in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

Applied Materials Stock Up 0.2%

Shares of Applied Materials stock opened at $200.87 on Wednesday. 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 market capitalization of $160.02 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.86 and a beta of 1.77. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $215.70. The company has a 50-day simple moving average of $176.40 and a two-hundred day simple moving average of $166.23.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. 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 company earned $2.12 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials's payout ratio is presently 21.93%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMAT shares. JPMorgan Chase & Co. boosted their price objective on shares of Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Daiwa Capital Markets restated a "neutral" rating and issued a $170.00 price objective (down previously from $185.00) on shares of Applied Materials in a research report on Wednesday, August 20th. Cfra Research upgraded shares of Applied Materials to a "hold" rating in a research report on Friday, August 15th. Morgan Stanley upgraded shares of Applied Materials from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $172.00 to $209.00 in a research report on Monday. Finally, Bank of America reaffirmed a "neutral" rating and set a $180.00 target price (down previously from $190.00) on shares of Applied Materials in a research note on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $194.15.

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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