M&T Bank Corp Has $75.94 Million Stock Holdings in Applied Materials, Inc. $AMAT

Key Points

• M&T Bank Corp increased its stake in Applied Materials by 4.1% to 295,509 shares, valued at about $75.94 million per its latest 13F filing.
• Several brokerages raised price targets and ratings in February, leaving a MarketBeat consensus of "Moderate Buy" with a consensus price target of $368.29.
• Applied Materials raised its quarterly dividend to $0.53 (annualized $2.12, ~0.5% yield); insiders have sold roughly 12,003 shares (~$4.48M) in the past 90 days.

M&T Bank Corp raised its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,509 shares of the manufacturing equipment provider's stock after purchasing an additional 11,646 shares during the period. M&T Bank Corp's holdings in Applied Materials were worth $75,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RMR Wealth Builders grew its holdings in Applied Materials by 3.3% during the fourth quarter. RMR Wealth Builders now owns 1,209 shares of the manufacturing equipment provider's stock valued at $311,000 after purchasing an additional 39 shares during the last quarter. Anchyra Partners LLC acquired a new position in Applied Materials during the fourth quarter valued at approximately $840,000. Aprio Wealth Management LLC grew its holdings in Applied Materials by 137.5% during the fourth quarter. Aprio Wealth Management LLC now owns 5,173 shares of the manufacturing equipment provider's stock valued at $1,329,000 after purchasing an additional 2,995 shares during the last quarter. Alexis Investment Partners LLC grew its holdings in Applied Materials by 2.9% during the fourth quarter. Alexis Investment Partners LLC now owns 10,051 shares of the manufacturing equipment provider's stock valued at $2,605,000 after purchasing an additional 288 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Applied Materials by 9.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 26,032 shares of the manufacturing equipment provider's stock worth $6,690,000 after acquiring an additional 2,258 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMAT. Citigroup raised their price objective on shares of Applied Materials from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Wells Fargo & Company raised their price objective on shares of Applied Materials from $350.00 to $435.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Bank of America raised their price objective on shares of Applied Materials from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Barclays raised their price objective on shares of Applied Materials from $360.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Finally, Mizuho raised their price objective on shares of Applied Materials from $370.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $368.29.

Insider Buying and Selling

In related news, CFO Brice Hill sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $361.21, for a total value of $1,806,050.00. Following the completion of the transaction, the chief financial officer directly owned 138,565 shares of the company's stock, valued at $50,051,063.65. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Adam Sanders sold 534 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total value of $202,471.44. Following the completion of the transaction, the chief accounting officer directly owned 4,625 shares of the company's stock, valued at approximately $1,753,615. This trade represents a 10.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,003 shares of company stock valued at $4,484,189 over the last ninety days. 0.30% of the stock is owned by company insiders.

Applied Materials Price Performance

Shares of AMAT stock opened at $389.08 on Monday. The stock has a market cap of $308.78 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 1.73 and a beta of 1.66. Applied Materials, Inc. has a one year low of $151.51 and a one year high of $420.50. The stock has a fifty day moving average price of $368.64 and a 200 day moving average price of $307.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.21 by $0.17. The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.88 billion. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.Applied Materials's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $2.38 earnings per share. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. Analysts predict that Applied Materials, Inc. will post 11.11 earnings per share for the current year.

Applied Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.5%. This is an increase from Applied Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, May 21st. Applied Materials's dividend payout ratio (DPR) is 18.83%.

Applied Materials 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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