OLD National Bancorp IN Makes New Investment in Applied Materials, Inc. $AMAT

OLD National Bancorp IN purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,992 shares of the manufacturing equipment provider’s stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in Applied Materials during the 2nd quarter worth about $30,000. Runnymede Capital Advisors Inc. lifted its holdings in shares of Applied Materials by 972.2% in the 1st quarter. Runnymede Capital Advisors Inc. now owns 193 shares of the manufacturing equipment provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Applied Materials in the 1st quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Applied Materials by 435.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 174 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Applied Materials by 5,325.0% in the 1st quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Applied Materials Price Performance

Shares of Applied Materials stock opened at $211.56 on Wednesday. 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, Inc. has a twelve month low of $123.74 and a twelve month high of $226.49. The business has a 50-day moving average price of $180.63 and a 200 day moving average price of $170.31. The firm has a market cap of $168.54 billion, a PE ratio of 25.22, a P/E/G ratio of 2.93 and a beta of 1.82.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the business earned $2.12 EPS. Applied Materials’s quarterly 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. Sell-side analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Applied Materials’s payout ratio is 21.93%.

Analyst Ratings Changes

AMAT has been the subject of several analyst reports. Mizuho reissued a “neutral” rating and issued a $175.00 price objective (down previously from $200.00) on shares of Applied Materials in a report on Friday, September 12th. TD Cowen decreased their price objective on Applied Materials from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, August 15th. DZ Bank cut Applied Materials from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a report on Friday, August 15th. Barclays boosted their price objective on Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Cfra Research upgraded Applied Materials to a “hold” rating in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.12.

Applied Materials Profile

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.