Applied Materials, Inc. $AMAT is Plimoth Trust Co. LLC’s 5th Largest Position

Plimoth Trust Co. LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,073 shares of the manufacturing equipment provider’s stock after selling 1,464 shares during the quarter. Applied Materials makes up approximately 3.8% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 5th largest position. Plimoth Trust Co. LLC’s holdings in Applied Materials were worth $18,851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Caldwell Investment Management Ltd. acquired a new stake in shares of Applied Materials in the second quarter valued at about $1,589,000. Ausdal Financial Partners Inc. acquired a new position in shares of Applied Materials during the 2nd quarter worth about $4,005,000. Evolve Private Wealth LLC raised its position in shares of Applied Materials by 59.0% during the 1st quarter. Evolve Private Wealth LLC now owns 2,875 shares of the manufacturing equipment provider’s stock worth $983,000 after purchasing an additional 1,067 shares during the last quarter. WealthPlan Investment Management LLC purchased a new position in Applied Materials in the 4th quarter valued at about $1,082,000. Finally, Ameritas Advisory Services LLC lifted its stake in Applied Materials by 183.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,073 shares of the manufacturing equipment provider’s stock valued at $790,000 after buying an additional 1,990 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMAT. Mizuho cut their price objective on Applied Materials from $650.00 to $590.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Truist Financial set a $575.00 target price on Applied Materials in a report on Thursday, May 28th. Stifel Nicolaus raised their target price on Applied Materials from $530.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 10th. TD Cowen reaffirmed a “buy” rating and issued a $700.00 price target on shares of Applied Materials in a research note on Friday, August 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $740.00 price target on shares of Applied Materials in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Applied Materials has an average rating of “Moderate Buy” and an average price target of $658.45.

Applied Materials Stock Up 4.0%

AMAT stock opened at $472.79 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 1.79 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $523.44 and a two-hundred day moving average of $462.73. Applied Materials, Inc. has a 12 month low of $161.75 and a 12 month high of $739.67. The company has a market cap of $375.21 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 1.27 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 13th. The manufacturing equipment provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.10. The business had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Applied Materials had a return on equity of 38.02% and a net margin of 30.05%.The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 EPS. Applied Materials has set its Q4 2026 guidance at 3.820-4.220 EPS. As a group, analysts forecast that Applied Materials, Inc. will post 12.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Applied Materials

In related news, Director Thomas Iannotti sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $599.77, for a total transaction of $5,547,872.50. Following the completion of the sale, the director directly owned 40,559 shares in the company, valued at approximately $24,326,071.43. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy M. Deane sold 8,621 shares of Applied Materials stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $590.76, for a total transaction of $5,092,941.96. Following the transaction, the senior vice president directly owned 134,631 shares in the company, valued at $79,534,609.56. This trade represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 231,692 shares of company stock worth $146,114,059. Corporate insiders own 0.30% of the company’s stock.

About Applied Materials

Applied Materials, Inc is a global provider of materials engineering solutions used to manufacture semiconductors, displays and other advanced electronic products. The company develops and supplies equipment, services and software that help customers build and improve the performance of chips and display panels.

Its semiconductor products support processes including deposition, etch, patterning, inspection, metrology and materials modification. Applied Materials also provides equipment and services for display manufacturing, including technologies used in producing liquid-crystal and organic light-emitting diode displays, as well as solutions for adjacent markets such as solar and other specialty applications.

Founded in 1967 and headquartered in Santa Clara, California, Applied Materials serves semiconductor and display manufacturers worldwide through operations, customer-support centers and research and development activities across major technology-producing regions.