US Bancorp DE Trims Holdings in Applied Materials, Inc. $AMAT

US Bancorp DE reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 618,040 shares of the manufacturing equipment provider’s stock after selling 1,933 shares during the period. US Bancorp DE owned 0.08% of Applied Materials worth $126,541,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Applied Materials in the 2nd quarter worth approximately $1,604,002,000. Sanders Capital LLC acquired a new position in Applied Materials in the second quarter valued at $1,409,320,000. Alliancebernstein L.P. lifted its position in Applied Materials by 72.5% during the second quarter. Alliancebernstein L.P. now owns 13,564,120 shares of the manufacturing equipment provider’s stock worth $2,483,183,000 after buying an additional 5,700,349 shares during the period. Pacer Advisors Inc. boosted its stake in Applied Materials by 1,704.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,439,598 shares of the manufacturing equipment provider’s stock worth $499,483,000 after buying an additional 2,304,369 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Applied Materials by 417.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,732,015 shares of the manufacturing equipment provider’s stock valued at $317,053,000 after buying an additional 1,397,217 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $395.04 on Thursday. The firm’s fifty day simple moving average is $312.54 and its 200 day simple moving average is $247.33. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.30. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $395.95. The firm has a market capitalization of $313.50 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.71 and a beta of 1.70.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, February 12th. The manufacturing equipment provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.17. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.88 billion. Applied Materials had a return on equity of 37.52% and a net margin of 27.78%.The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. Applied Materials has set its Q2 2026 guidance at 2.440-2.840 EPS. As a group, equities research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.84 annualized dividend and a yield of 0.5%. Applied Materials’s payout ratio is 18.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group set a $430.00 target price on shares of Applied Materials in a research report on Friday, February 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $470.00 price target on shares of Applied Materials in a research note on Friday, February 13th. DZ Bank upgraded shares of Applied Materials to a “hold” rating in a report on Monday, February 16th. Summit Insights upgraded Applied Materials from a “hold” rating to a “buy” rating in a report on Friday, February 13th. Finally, Mizuho increased their target price on Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $363.46.

Insiders Place Their Bets

In other Applied Materials news, CFO Brice Hill sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $361.21, for a total value of $1,806,050.00. Following the completion of the sale, the chief financial officer owned 138,565 shares of the company’s stock, valued at $50,051,063.65. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Adam Sanders sold 609 shares of Applied Materials stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the sale, the chief accounting officer owned 4,413 shares in the company, valued at $1,127,653.89. This represents a 12.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,112 shares of company stock worth $3,660,532 in the last 90 days. 0.30% of the stock is owned by company insiders.

Applied Materials Company 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.