Arvest Bank Trust Division Has $8.71 Million Holdings in Applied Materials, Inc. $AMAT

Arvest Bank Trust Division cut its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 30.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,552 shares of the manufacturing equipment provider’s stock after selling 21,113 shares during the period. Arvest Bank Trust Division’s holdings in Applied Materials were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Maseco LLP bought a new position in Applied Materials in the 2nd quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Applied Materials by 435.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 214 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Activest Wealth Management boosted its holdings in Applied Materials by 5,325.0% in the first quarter. Activest Wealth Management now owns 217 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Quaker Wealth Management LLC boosted its holdings in Applied Materials by 133.3% in the second quarter. Quaker Wealth Management LLC now owns 218 shares of the manufacturing equipment provider’s stock valued at $40,000 after acquiring an additional 873 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in Applied Materials in the second quarter worth about $47,000. 80.56% of the stock is owned by institutional investors.

Applied Materials Stock Performance

Shares of Applied Materials stock opened at $223.23 on Friday. The stock’s fifty day simple moving average is $211.01 and its 200 day simple moving average is $186.28. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $177.83 billion, a PE ratio of 26.61, a PEG ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 12 month low of $123.74 and a 12 month high of $242.50.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.06. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, research analysts predict 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, 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%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMAT shares. KeyCorp raised their target price on shares of Applied Materials from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Summit Insights cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Stifel Nicolaus lifted their target price on shares of Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Applied Materials from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Finally, Mizuho raised their price target on Applied Materials from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

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.