Adirondack Trust Co. Sells 145 Shares of Applied Materials, Inc. $AMAT

Adirondack Trust Co. cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,219 shares of the manufacturing equipment provider’s stock after selling 145 shares during the quarter. Adirondack Trust Co.’s holdings in Applied Materials were worth $1,505,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMAT. Shelton Wealth Management LLC lifted its holdings in shares of Applied Materials by 1.5% during the second quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after purchasing an additional 51 shares in the last quarter. Old Port Advisors lifted its holdings in shares of Applied Materials by 2.5% during the first quarter. Old Port Advisors now owns 2,730 shares of the manufacturing equipment provider’s stock valued at $396,000 after purchasing an additional 66 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Applied Materials by 4.7% during the first quarter. Silver Oak Securities Incorporated now owns 1,506 shares of the manufacturing equipment provider’s stock valued at $218,000 after purchasing an additional 68 shares in the last quarter. Cromwell Holdings LLC increased its position in Applied Materials by 2.8% during the first quarter. Cromwell Holdings LLC now owns 2,540 shares of the manufacturing equipment provider’s stock valued at $369,000 after acquiring an additional 69 shares during the last quarter. Finally, TCTC Holdings LLC increased its position in Applied Materials by 7.2% during the first quarter. TCTC Holdings LLC now owns 1,047 shares of the manufacturing equipment provider’s stock valued at $152,000 after acquiring an additional 70 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Applied Materials in a research report on Thursday, July 10th. They set a “buy” rating and a $225.00 price objective for the company. Barclays upped their price objective on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Friday, August 15th. Wall Street Zen cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, Daiwa America cut Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average target price of $192.92.

Insider Activity

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Applied Materials Price Performance

NASDAQ:AMAT opened at $190.10 on Friday. The firm has a market capitalization of $151.44 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.70 and a beta of 1.77. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70. The business has a 50 day simple moving average of $176.30 and a 200-day simple moving average of $165.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data 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. The business had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Equities analysts forecast that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

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.