Atlantic Union Bankshares Corp Has $2.32 Million Stake in Applied Materials, Inc. $AMAT

Atlantic Union Bankshares Corp boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,643 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,363 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Applied Materials were worth $2,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shelton Wealth Management LLC increased its position in Applied Materials by 1.5% in the 2nd quarter. Shelton Wealth Management LLC now owns 3,398 shares of the manufacturing equipment provider’s stock valued at $622,000 after acquiring an additional 51 shares in the last quarter. Octavia Wealth Advisors LLC boosted its position in shares of Applied Materials by 0.8% during the second quarter. Octavia Wealth Advisors LLC now owns 6,200 shares of the manufacturing equipment provider’s stock worth $1,135,000 after purchasing an additional 51 shares in the last quarter. Narus Financial Partners LLC lifted its holdings in shares of Applied Materials by 3.8% during the 2nd quarter. Narus Financial Partners LLC now owns 1,433 shares of the manufacturing equipment provider’s stock valued at $262,000 after purchasing an additional 52 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Applied Materials by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 1,958 shares of the manufacturing equipment provider’s stock worth $358,000 after acquiring an additional 52 shares during the period. Finally, Encompass Wealth Advisors LLC grew its holdings in shares of Applied Materials by 3.4% during the second quarter. Encompass Wealth Advisors LLC now owns 1,601 shares of the manufacturing equipment provider’s stock worth $293,000 after buying an additional 53 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Applied Materials Stock Performance

Shares of AMAT stock opened at $230.07 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.76 and a current ratio of 2.50. The firm has a market cap of $183.28 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 2.95 and a beta of 1.84. Applied Materials, Inc. has a 52 week low of $123.74 and a 52 week high of $242.50. The firm’s 50-day simple moving average is $205.31 and its two-hundred day simple moving average is $183.96.

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

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 20th. Applied Materials’s dividend payout ratio (DPR) is currently 21.93%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research lowered their price target on Applied Materials from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Applied Materials in a report on Wednesday, October 8th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $250.00 in a research note on Monday, October 13th. Stifel Nicolaus upped their price objective on shares of Applied Materials from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Applied Materials from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $210.96.

Applied Materials Company 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.