Midwest Trust Co Purchases 1,560 Shares of Applied Materials, Inc. $AMAT

Midwest Trust Co grew its position in Applied Materials, Inc. (NASDAQ:AMAT) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,912 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,560 shares during the period. Midwest Trust Co’s holdings in Applied Materials were worth $23,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Applied Materials by 1.0% during the 2nd quarter. State Street Corp now owns 38,920,984 shares of the manufacturing equipment provider’s stock worth $7,125,265,000 after purchasing an additional 391,540 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Applied Materials by 2.0% in the second quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock valued at $3,836,807,000 after buying an additional 407,282 shares during the period. Alliancebernstein L.P. increased its position in shares of Applied Materials by 72.5% during the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock worth $2,483,183,000 after acquiring an additional 5,700,349 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Applied Materials by 13.7% during the second quarter. Ameriprise Financial Inc. now owns 8,936,363 shares of the manufacturing equipment provider’s stock worth $1,635,992,000 after acquiring an additional 1,075,525 shares during the period. Finally, Norges Bank acquired a new stake in shares of Applied Materials during the second quarter worth $1,604,002,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity at Applied Materials

In other Applied Materials news, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the completion of the sale, the senior vice president owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Adam Sanders sold 609 shares of Applied Materials stock in a transaction on Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the transaction, the chief accounting officer directly owned 4,413 shares of the company’s stock, valued at approximately $1,127,653.89. This trade represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,609 shares of company stock valued at $2,044,898 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMAT shares. Deutsche Bank Aktiengesellschaft raised shares of Applied Materials from a “hold” rating to a “buy” rating and upped their target price for the stock from $275.00 to $390.00 in a research note on Friday, January 23rd. Citigroup upped their price objective on Applied Materials from $250.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Mizuho set a $370.00 target price on Applied Materials and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of Applied Materials in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $315.15.

Applied Materials Price Performance

Shares of AMAT opened at $330.57 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $289.58 and its 200 day simple moving average is $232.84. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $344.60. The company has a market cap of $262.38 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 2.86 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 19th. Applied Materials’s dividend payout ratio (DPR) is presently 21.20%.

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.