Atlantic Union Bankshares Corp Has $2.91 Million Stock Holdings in Applied Materials, Inc. $AMAT

Atlantic Union Bankshares Corp boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,230 shares of the manufacturing equipment provider’s stock after acquiring an additional 1,587 shares during the period. Atlantic Union Bankshares Corp’s holdings in Applied Materials were worth $2,913,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. IFG Advisory LLC raised its position in Applied Materials by 1,008.1% in the 2nd quarter. IFG Advisory LLC now owns 36,156 shares of the manufacturing equipment provider’s stock worth $6,619,000 after purchasing an additional 32,893 shares during the last quarter. Grandfield & Dodd LLC boosted its position in Applied Materials by 6.9% in the 3rd quarter. Grandfield & Dodd LLC now owns 269,511 shares of the manufacturing equipment provider’s stock valued at $55,180,000 after buying an additional 17,397 shares during the last quarter. Sienna Gestion increased its stake in shares of Applied Materials by 10.2% in the 2nd quarter. Sienna Gestion now owns 113,221 shares of the manufacturing equipment provider’s stock valued at $18,924,000 after buying an additional 10,468 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Applied Materials by 31.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 145,277 shares of the manufacturing equipment provider’s stock worth $26,601,000 after acquiring an additional 35,012 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Applied Materials by 13,360.6% during the second quarter. Westfield Capital Management Co. LP now owns 694,431 shares of the manufacturing equipment provider’s stock worth $127,129,000 after acquiring an additional 689,272 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Applied Materials in a report on Thursday, December 4th. Wells Fargo & Company raised their target price on shares of Applied Materials from $290.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. UBS Group reiterated a “buy” rating and set a $405.00 price target on shares of Applied Materials in a research report on Monday. Bank of America increased their price objective on shares of Applied Materials from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Barclays raised shares of Applied Materials from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $250.00 to $360.00 in a report on Thursday, January 15th. Twenty-four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $305.68.

Insider Transactions at Applied Materials

In other news, SVP Teri A. Little sold 4,000 shares of Applied Materials stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $238.24, for a total transaction of $952,960.00. Following the transaction, the senior vice president owned 84,351 shares in the company, valued at $20,095,782.24. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Adam Sanders sold 609 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $255.53, for a total value of $155,617.77. Following the completion of the transaction, the chief accounting officer owned 4,413 shares of the company’s stock, valued at $1,127,653.89. This represents a 12.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,609 shares of company stock worth $2,044,898. 0.30% of the stock is currently owned by insiders.

Applied Materials Stock Down 3.0%

Shares of NASDAQ AMAT opened at $318.67 on Wednesday. Applied Materials, Inc. has a 52-week low of $123.74 and a 52-week high of $344.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.61. The stock has a market cap of $252.93 billion, a P/E ratio of 36.71, a P/E/G ratio of 2.94 and a beta of 1.70. The firm has a 50 day moving average price of $284.62 and a 200 day moving average price of $229.32.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 13th. The manufacturing equipment provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Applied Materials had a net margin of 24.67% and a return on equity of 39.26%. The company had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the firm posted $2.32 earnings per share. 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. Analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 19th. Applied Materials’s dividend payout ratio is 21.20%.

Applied Materials Company Profile

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.