US Bancorp DE Has $113.50 Million Stake in Applied Materials, Inc. $AMAT

US Bancorp DE lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,973 shares of the manufacturing equipment provider's stock after selling 11,336 shares during the quarter. US Bancorp DE owned approximately 0.08% of Applied Materials worth $113,500,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Maseco LLP acquired a new position in Applied Materials during the second quarter worth approximately $30,000. Runnymede Capital Advisors Inc. increased its position in Applied Materials by 972.2% during the first quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock worth $28,000 after buying an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Applied Materials during the first quarter worth approximately $29,000. Clal Insurance Enterprises Holdings Ltd increased its position in Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider's stock worth $31,000 after buying an additional 174 shares during the last quarter. Finally, Activest Wealth Management increased its position in Applied Materials by 5,325.0% during the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMAT. JPMorgan Chase & Co. boosted their price objective on Applied Materials from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, August 15th. Rothschild & Co Redburn cut Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective for the company. in a report on Monday, July 7th. Mizuho restated a "neutral" rating and set a $175.00 price objective (down previously from $200.00) on shares of Applied Materials in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Applied Materials from $200.00 to $170.00 and set a "hold" rating for the company in a report on Friday, August 15th. Finally, KeyCorp boosted their price objective on Applied Materials from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Tuesday, September 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $196.85.

Applied Materials Trading Up 2.8%

Shares of AMAT stock opened at $217.51 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The stock has a market cap of $173.28 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.82. The stock has a 50 day simple moving average of $181.20 and a 200 day simple moving average of $170.63. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $226.49.

Applied Materials (NASDAQ:AMAT - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.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 posted $2.12 earnings per share. The firm'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, research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

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

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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