Glass Wealth Management Co LLC Boosts Stake in Applied Materials, Inc. $AMAT

Glass Wealth Management Co LLC lifted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,507 shares of the manufacturing equipment provider’s stock after acquiring an additional 3,362 shares during the quarter. Applied Materials accounts for about 1.6% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 21st biggest position. Glass Wealth Management Co LLC’s holdings in Applied Materials were worth $3,584,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Maseco LLP acquired a new stake in Applied Materials during the 2nd quarter valued at approximately $30,000. Financial Gravity Companies Inc. purchased a new position in shares of Applied Materials during the 2nd quarter valued at approximately $31,000. Howard Hughes Medical Institute acquired a new stake in shares of Applied Materials during the second quarter worth approximately $32,000. Total Investment Management Inc. bought a new stake in shares of Applied Materials in the second quarter worth $33,000. Finally, Kilter Group LLC acquired a new stake in Applied Materials in the second quarter valued at $36,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMAT. The Goldman Sachs Group reissued a “buy” rating and set a $250.00 price objective on shares of Applied Materials in a report on Friday, November 14th. B. Riley increased their price target on shares of Applied Materials from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $250.00 in a report on Monday, October 13th. Weiss Ratings upgraded Applied Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Finally, Barclays raised their target price on Applied Materials from $170.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Twenty-one investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Applied Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.78.

Insider Activity at Applied Materials

In related news, CAO Adam Sanders sold 609 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $255.53, for a total transaction of $155,617.77. Following the completion of the transaction, the chief accounting officer directly owned 4,413 shares in the company, valued at $1,127,653.89. This represents a 12.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Teri A. Little sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president directly owned 84,351 shares of the company’s stock, valued at $20,095,782.24. This represents a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,609 shares of company stock valued at $2,044,898 over the last three months. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Performance

Shares of AMAT opened at $268.87 on Monday. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $276.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.87. The stock has a market cap of $213.20 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.78 and a beta of 1.67. The company has a 50-day moving average of $247.75 and a two-hundred day moving average of $209.65.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 13th. The manufacturing equipment provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a return on equity of 39.26% and a net margin of 24.67%.The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company posted $2.32 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Applied Materials has set its Q1 2026 guidance at 1.980-2.380 EPS. On average, equities research analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.46 dividend. The ex-dividend date is Thursday, February 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.7%. Applied Materials’s payout ratio is presently 21.20%.

About Applied Materials

Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.

Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.