Applied Materials, Inc. $AMAT Stake Reduced by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 33.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,182 shares of the manufacturing equipment provider’s stock after selling 1,080 shares during the period. First Horizon Advisors Inc.’s holdings in Applied Materials were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMAT. Bank of New York Mellon Corp lifted its position in Applied Materials by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,951,691 shares of the manufacturing equipment provider’s stock valued at $1,455,716,000 after purchasing an additional 291,358 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after purchasing an additional 1,502,995 shares during the period. Amundi raised its holdings in shares of Applied Materials by 15.8% during the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock valued at $1,038,504,000 after buying an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new stake in shares of Applied Materials during the first quarter valued at approximately $1,085,600,000. Finally, Deutsche Bank AG boosted its position in shares of Applied Materials by 20.7% during the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Trading Down 1.5%

Shares of AMAT stock opened at $230.07 on Friday. The stock has a 50-day simple moving average of $205.31 and a 200 day simple moving average of $183.96. The stock has a market capitalization of $183.28 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a fifty-two week low of $123.74 and a fifty-two week high of $242.50. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.28.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The firm had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the business earned $2.12 earnings per share. Applied Materials’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, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 annualized dividend and a yield of 0.8%. Applied Materials’s dividend payout ratio is currently 21.93%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMAT. Citigroup lowered their target price on Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Barclays increased their price target on Applied Materials from $170.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $225.00 price target on shares of Applied Materials in a report on Friday, October 3rd. B. Riley upped their price objective on shares of Applied Materials from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Stifel Nicolaus increased their target price on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.96.

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.