Applied Materials, Inc. $AMAT Stake Raised by State Street Corp

State Street Corp boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,920,984 shares of the manufacturing equipment provider’s stock after acquiring an additional 391,540 shares during the quarter. State Street Corp’s holdings in Applied Materials were worth $7,125,265,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AMAT. Geode Capital Management LLC boosted its holdings in shares of Applied Materials by 2.0% during the second quarter. Geode Capital Management LLC now owns 21,026,363 shares of the manufacturing equipment provider’s stock worth $3,836,807,000 after purchasing an additional 407,282 shares during the period. Norges Bank acquired a new position in Applied Materials in the 2nd quarter valued at approximately $1,604,002,000. 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 worth $1,455,716,000 after buying an additional 291,358 shares in the last quarter. Amundi boosted its stake in shares of Applied Materials by 2.8% during the 2nd quarter. Amundi now owns 7,871,960 shares of the manufacturing equipment provider’s stock valued at $1,491,013,000 after buying an additional 215,926 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Applied Materials by 23.6% during the 1st quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock valued at $1,140,836,000 after buying an additional 1,502,995 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity

In other news, CAO Adam Sanders sold 609 shares of Applied Materials stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total value of $155,617.77. Following the transaction, the chief accounting officer directly owned 4,413 shares in the company, valued at approximately $1,127,653.89. The trade was a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Teri A. Little sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total value of $952,960.00. Following the sale, the senior vice president owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. The trade was a 4.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,609 shares of company stock worth $2,044,898. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMAT shares. KeyCorp upped their price target on shares of Applied Materials from $240.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. BNP Paribas raised Applied Materials to a “hold” rating in a research note on Monday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Applied Materials in a report on Friday, November 14th. Daiwa America lowered shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, TD Cowen lifted their target price on shares of Applied Materials from $260.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Twenty investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $234.74.

Applied Materials Stock Up 0.1%

AMAT opened at $268.16 on Tuesday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $273.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61. The business has a 50 day moving average price of $232.52 and a 200 day moving average price of $196.92. The firm has a market cap of $213.63 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 2.79 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last released 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 company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.68 billion. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. Research 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. Stockholders of record on Thursday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.20%.

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.