KeyCorp Lowers Earnings Estimates for Applied Materials

Key Points

• KeyCorp has lowered its FY2025 earnings per share estimate for Applied Materials from $9.55 to $9.40, while maintaining an "Overweight" rating and a price target of $220.00.
• The company's recent quarterly earnings beat estimates, reporting $2.48 EPS against a consensus of $2.36, with revenues reaching $7.30 billion.
• Applied Materials is set to pay a quarterly dividend of $0.46 per share on December 11th, representing an annualized yield of 0.9% and a payout ratio of 21.93%.

Applied Materials, Inc. (NASDAQ:AMAT - Free Report) - Research analysts at KeyCorp reduced their FY2025 earnings per share (EPS) estimates for Applied Materials in a report released on Monday, September 22nd. KeyCorp analyst S. Barger now forecasts that the manufacturing equipment provider will post earnings per share of $9.40 for the year, down from their prior estimate of $9.55. KeyCorp currently has a "Overweight" rating and a $220.00 price target on the stock. The consensus estimate for Applied Materials' current full-year earnings is $9.38 per share. KeyCorp also issued estimates for Applied Materials' Q4 2025 earnings at $2.15 EPS, Q1 2026 earnings at $2.38 EPS and FY2026 earnings at $9.90 EPS.

Several other research analysts also recently commented on AMAT. Barclays lifted their price objective on Applied Materials from $160.00 to $170.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Cantor Fitzgerald decreased their price objective on Applied Materials from $220.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Cfra Research upgraded Applied Materials to a "hold" rating in a report on Friday, August 15th. TD Cowen decreased their price objective on Applied Materials from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Finally, Daiwa America downgraded Applied Materials from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.15.

Applied Materials Stock Up 0.2%

AMAT opened at $200.87 on Wednesday. The company has a market cap of $160.02 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.86 and a beta of 1.77. The business's 50-day moving average price is $176.40 and its 200-day moving average price is $166.23. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. Applied Materials has a 12 month low of $123.74 and a 12 month high of $215.70.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS.

Applied Materials Dividend Announcement

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

Institutional Investors Weigh In On Applied Materials

A number of hedge funds have recently modified their holdings of AMAT. Runnymede Capital Advisors Inc. grew its position in shares of Applied Materials by 972.2% during the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider's stock valued at $28,000 after acquiring an additional 175 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of Applied Materials during the 1st quarter valued at $29,000. Maseco LLP bought a new stake in shares of Applied Materials during the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Applied Materials by 435.0% in the 1st 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 period. Finally, Activest Wealth Management increased its stake in Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider's stock worth $31,000 after buying an additional 213 shares in the last quarter. Institutional investors own 80.56% of the company's stock.

Applied Materials Company 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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