Keybank National Association OH Sells 480 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

03 Jul 2025, 11:06 by Kim Johansen · The Markets Daily

Keybank National Association OH reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 116,976 shares of the manufacturing equipment provider’s stock after selling 480 shares during the quarter. Keybank National Association OH’s holdings in Applied Materials were worth $16,976,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMAT. Runnymede Capital Advisors Inc. raised its position in 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 purchasing an additional 175 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Applied Materials in the first quarter valued at $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Applied Materials in the fourth quarter valued at $44,000. Atala Financial Inc bought a new position in shares of Applied Materials in the fourth quarter valued at about $45,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Applied Materials during the 4th quarter worth about $46,000. 80.56% of the stock is currently owned by institutional investors.

Applied Materials Price Performance

Applied Materials stock opened at $190.01 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $152.48 billion, a P/E ratio of 23.12, a PEG ratio of 2.05 and a beta of 1.69. The business has a 50-day moving average of $165.87 and a 200-day moving average of $163.65. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $255.89.

Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.08. The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, equities analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials’s dividend payout ratio is currently 22.38%.

Applied Materials announced that its board has initiated a share repurchase program on Monday, March 10th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the manufacturing equipment provider to repurchase up to 8.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMAT shares. Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Applied Materials in a research report on Friday, May 16th. Cantor Fitzgerald set a $220.00 price target on shares of Applied Materials and gave the company an “overweight” rating in a research note on Tuesday, June 24th. Raymond James Financial reissued an “outperform” rating and issued a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of Applied Materials from $158.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Applied Materials from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.76.

Check Out Our Latest Stock Report on AMAT

Insider Buying and Selling

In other news, CAO Adam Sanders sold 562 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the sale, the chief accounting officer owned 5,300 shares of the company’s stock, valued at $946,580. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

Applied Materials Profile

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