Fulton Bank N.A. Sells 1,110 Shares of Applied Materials, Inc. $AMAT

by · The Markets Daily

Fulton Bank N.A. lessened its position in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,303 shares of the manufacturing equipment provider’s stock after selling 1,110 shares during the period. Fulton Bank N.A.’s holdings in Applied Materials were worth $5,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMAT. Ameriprise Financial Inc. lifted its position in Applied Materials by 23.6% during 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 lifted its position in 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 purchasing an additional 1,046,635 shares during the period. Nuveen LLC bought a new position in Applied Materials during the first quarter valued at approximately $1,085,600,000. Deutsche Bank AG lifted its position in 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 valued at $1,043,326,000 after purchasing an additional 1,235,097 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Applied Materials by 43.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock valued at $808,853,000 after purchasing an additional 1,691,428 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the transaction, the chief accounting officer directly owned 5,300 shares of the company’s stock, valued at approximately $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by insiders.

Applied Materials Stock Performance

Shares of NASDAQ:AMAT opened at $178.13 on Thursday. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $215.70. The stock has a market capitalization of $141.91 billion, a P/E ratio of 21.23, a PEG ratio of 2.47 and a beta of 1.77. The firm has a fifty day simple moving average of $176.62 and a two-hundred day simple moving average of $164.99. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period last year, the company posted $2.12 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is presently 21.93%.

Analysts Set New Price Targets

AMAT has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Citigroup lowered their price objective on shares of Applied Materials from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Bank of America restated a “neutral” rating and set a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a research report on Friday, August 15th. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Applied Materials from $200.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.92.

Check Out Our Latest Report on AMAT

Applied Materials Company Profile

(Free Report)

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.

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