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

US Bancorp DE lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,040 shares of the manufacturing equipment provider’s stock after selling 1,933 shares during the quarter. US Bancorp DE’s holdings in Applied Materials were worth $126,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock valued at $2,061,000 after acquiring an additional 2,771 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Applied Materials by 26.7% during the second quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock worth $590,000 after purchasing an additional 679 shares during the last quarter. Forefront Wealth Partners LLC acquired a new position in Applied Materials in the second quarter worth about $410,000. Schnieders Capital Management LLC. increased its holdings in Applied Materials by 30.1% in the second quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock valued at $2,747,000 after buying an additional 3,469 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in Applied Materials by 38.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 11,046 shares of the manufacturing equipment provider’s stock worth $2,022,000 after buying an additional 3,071 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMAT has been the topic of several research reports. UBS Group set a $430.00 price target on Applied Materials in a research report on Friday, February 13th. Mizuho increased their target price on shares of Applied Materials from $370.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. The Goldman Sachs Group raised their price target on shares of Applied Materials from $310.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Applied Materials in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Applied Materials from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $363.46.

Insider Transactions at Applied Materials

In other Applied Materials news, CAO Adam Sanders sold 534 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $379.16, for a total transaction of $202,471.44. Following the completion of the transaction, the chief accounting officer directly owned 4,625 shares of the company’s stock, valued at approximately $1,753,615. This trade represents a 10.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brice Hill sold 5,000 shares of Applied Materials stock in a transaction 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 transaction, the chief financial officer owned 138,565 shares in the company, valued at approximately $50,051,063.65. This trade represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,112 shares of company stock valued at $3,660,532. Company insiders own 0.30% of the company’s stock.

Applied Materials Stock Up 4.5%

Shares of Applied Materials stock opened at $395.04 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.71 and a quick ratio of 1.94. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $395.95. The business’s fifty day moving average price is $312.54 and its two-hundred day moving average price is $247.33. The company has a market capitalization of $313.50 billion, a P/E ratio of 40.43, a PEG ratio of 1.71 and a beta of 1.70.

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

Applied Materials Announces Dividend

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

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.