Midwest Trust Co Has $23.73 Million Stake in Applied Materials, Inc. $AMAT

Midwest Trust Co increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC grew its stake in shares of Applied Materials by 150.0% in the third quarter. Marquette Asset Management LLC now owns 125 shares of the manufacturing equipment provider’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in Applied Materials in the 2nd quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new position in shares of Applied Materials during the 3rd quarter worth approximately $31,000. Howard Hughes Medical Institute bought a new position in shares of Applied Materials during the second quarter worth approximately $32,000. Finally, Total Investment Management Inc. acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $33,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price target on Applied Materials from $273.00 to $364.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Royal Bank Of Canada initiated coverage on Applied Materials in a report on Wednesday, January 14th. They set an “outperform” rating and a $385.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $310.00 price target on shares of Applied Materials in a research note on Friday, January 9th. Susquehanna upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $180.00 to $400.00 in a research note on Sunday, January 11th. Finally, Evercore restated an “outperform” rating and issued a $290.00 target price on shares of Applied Materials in a research report on Friday, November 14th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $315.15.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 609 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $255.53, for a total transaction of $155,617.77. Following the sale, 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 the SEC website. Also, SVP Teri A. Little sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the completion of the transaction, the senior vice president owned 84,351 shares of the company’s stock, valued at approximately $20,095,782.24. This trade represents a 4.53% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,609 shares of company stock worth $2,044,898. 0.30% of the stock is currently owned by company insiders.

Applied Materials Stock Up 2.5%

AMAT stock opened at $330.57 on Tuesday. The firm has a 50-day moving average price of $289.58 and a 200-day moving average price of $232.84. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $344.60. 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 stock has a market capitalization of $262.38 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The business 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 firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 EPS. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid 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 is Thursday, February 19th. Applied Materials’s dividend payout ratio is presently 21.20%.

Applied Materials 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.