Fifth Third Bancorp Has $544.73 Million Stake in Applied Materials, Inc. $AMAT

Key Points

• Fifth Third Bancorp increased its Applied Materials stake by 17.4% in the second quarter, adding 111,606 shares to own 753,434 shares valued at approximately $544.7 million. Institutional investors and hedge funds collectively own 80.56% of AMAT.
• Applied Materials reported quarterly EPS of $3.50 and revenue of $9.12 billion, exceeding analyst expectations, with revenue up 24.8% year over year. Management’s fourth-quarter outlook also surpassed estimates, supported by continued semiconductor and AI-related demand.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $640.17. However, AMAT trades at a premium valuation, while insiders have sold roughly $169.7 million of shares over the past 90 days.

Fifth Third Bancorp grew its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 753,434 shares of the manufacturing equipment provider's stock after purchasing an additional 111,606 shares during the quarter. Applied Materials makes up about 0.9% of Fifth Third Bancorp's portfolio, making the stock its 16th largest position. Fifth Third Bancorp owned 0.09% of Applied Materials worth $544,733,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its position in shares of Applied Materials by 4.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 409 shares of the manufacturing equipment provider's stock worth $296,000 after acquiring an additional 17 shares in the last quarter. Stonebridge Financial Group LLC lifted its stake in shares of Applied Materials by 2.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 1,003 shares of the manufacturing equipment provider's stock valued at $725,000 after purchasing an additional 21 shares during the period. Basecamp Wealth Advisors LLC boosted its position in shares of Applied Materials by 0.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,288 shares of the manufacturing equipment provider's stock valued at $1,124,000 after purchasing an additional 22 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Applied Materials by 2.2% during the second quarter. Financial Management Professionals Inc. now owns 1,040 shares of the manufacturing equipment provider's stock worth $752,000 after purchasing an additional 22 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in Applied Materials by 34.8% during the second quarter. Elevation Wealth Partners LLC now owns 93 shares of the manufacturing equipment provider's stock worth $67,000 after purchasing an additional 24 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Price Performance

Shares of NASDAQ:AMAT opened at $535.31 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. Applied Materials, Inc. has a twelve month low of $154.46 and a twelve month high of $739.67. The stock's 50 day moving average is $565.01 and its 200-day moving average is $447.20. The firm has a market capitalization of $425.01 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 1.25 and a beta of 1.61.

Applied Materials (NASDAQ:AMAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.99 billion. Applied Materials had a net margin of 30.05% and a return on equity of 38.02%. Applied Materials's revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. Sell-side analysts forecast that Applied Materials, Inc. will post 12.48 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.12 annualized dividend and a yield of 0.4%. Applied Materials's dividend payout ratio (DPR) is presently 18.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMAT shares. Needham & Company LLC restated a "buy" rating and set a $740.00 price target on shares of Applied Materials in a report on Friday. Jefferies Financial Group lifted their price objective on shares of Applied Materials from $510.00 to $770.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Citigroup reiterated a "buy" rating on shares of Applied Materials in a research report on Monday, August 3rd. Erste Group Bank lowered shares of Applied Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Craig Hallum raised their price target on shares of Applied Materials from $530.00 to $585.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $640.17.

Trending Headlines about Applied Materials

Here are the key news stories impacting Applied Materials this week:

• Positive Sentiment: Applied Materials reported fiscal third-quarter revenue of approximately $9.12 billion, up 24.8% year over year, while adjusted earnings of $3.50 per share exceeded consensus estimates. Management’s fiscal fourth-quarter revenue outlook of roughly $10.25 billion was also well above analyst expectations, signaling continued momentum. AMAT Q2 Deep Dive: AI Demand and Advanced Packaging Drive Guidance Upside, Market Reacts Cautiously
• Positive Sentiment: Several analysts remained constructive: B. Riley and Needham reiterated buy ratings, while price targets were raised to $600 and $660. These revisions reflect confidence in Applied Materials’ earnings growth and exposure to AI-related chip manufacturing. Applied Materials' Buy Rating Reiterated at B. Riley Financial Applied Materials Price Target Raised to $600 Applied Materials Price Target Raised to $660
• Positive Sentiment: Investment commentary highlights AMAT as a potential beneficiary of the AI-driven memory surge. Higher memory spending and advanced semiconductor production could support equipment demand beyond the current earnings cycle. Why Applied Materials Could Be a Major Winner of the AI Memory Surge
• Neutral Sentiment: Market coverage characterizes the earnings report as fundamentally strong but notes that investors reacted cautiously, implying that much of the growth may already be reflected in the share price. Applied Materials: When Beating Wall Street Numbers Isn't Enough
• Negative Sentiment: Despite record results and guidance, AMAT remains more than 25% below its 52-week high and trades at a premium earnings multiple. That valuation raises the risk of profit-taking or disappointment if AI and memory spending slows. Applied Materials Trades More Than 25% Below Its High With Revenue at a Record

Insiders Place Their Bets

In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the completion of the sale, the senior vice president directly owned 134,631 shares of the company's stock, valued at approximately $79,534,609.56. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary E. Dickerson sold 71,727 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total value of $42,587,906.25. Following the sale, the chief executive officer directly owned 1,695,164 shares of the company's stock, valued at $1,006,503,625. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 278,088 shares of company stock worth $169,654,805 in the last 90 days. Company insiders own 0.30% of the company's stock.

Applied Materials Company Profile

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.

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