First National Bank of Mount Dora Trust Investment Services Buys 386 Shares of Applied Materials, Inc. $AMAT

First National Bank of Mount Dora Trust Investment Services grew its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,894 shares of the manufacturing equipment provider’s stock after acquiring an additional 386 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Applied Materials were worth $4,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Applied Materials by 23.6% in the first quarter. Ameriprise Financial Inc. now owns 7,860,838 shares of the manufacturing equipment provider’s stock worth $1,140,836,000 after acquiring an additional 1,502,995 shares during the last quarter. Amundi raised its stake in shares of Applied Materials by 15.8% in the first quarter. Amundi now owns 7,656,034 shares of the manufacturing equipment provider’s stock worth $1,038,504,000 after acquiring an additional 1,046,635 shares during the last quarter. Nuveen LLC bought a new position in shares of Applied Materials in the first quarter worth about $1,085,600,000. Deutsche Bank AG grew its position in shares of Applied Materials by 20.7% during the 1st quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Applied Materials by 43.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,573,673 shares of the manufacturing equipment provider’s stock worth $808,853,000 after buying an additional 1,691,428 shares during the period. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Up 0.1%

Shares of NASDAQ AMAT opened at $227.72 on Friday. The stock has a market cap of $181.41 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.85 and a beta of 1.82. The firm has a 50 day moving average price of $185.99 and a 200 day moving average price of $173.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $232.07.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Applied Materials had a net margin of 23.88% and a return on equity of 40.96%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 earnings per share. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. Applied Materials’s payout ratio is presently 21.93%.

Wall Street Analysts Forecast Growth

AMAT has been the subject of several analyst reports. Barclays lifted their price target on shares of Applied Materials from $160.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price target on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Applied Materials from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Cfra Research upgraded shares of Applied Materials to a “hold” rating in a research report on Friday, August 15th. Finally, Daiwa America cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

About Applied Materials

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.