Applied Materials, Inc. $AMAT Shares Sold by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. lowered its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 38,615 shares of the manufacturing equipment provider’s stock after selling 2,336 shares during the quarter. Applied Materials comprises about 3.0% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 9th largest holding. Glassy Mountain Advisors Inc.’s holdings in Applied Materials were worth $9,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMAT. Brighton Jones LLC lifted its position in Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider’s stock worth $2,061,000 after acquiring an additional 2,771 shares during the period. Sivia Capital Partners LLC lifted its position in Applied Materials by 26.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,225 shares of the manufacturing equipment provider’s stock worth $590,000 after acquiring an additional 679 shares during the period. Forefront Wealth Partners LLC acquired a new stake in Applied Materials during the 2nd quarter worth about $410,000. Schnieders Capital Management LLC. lifted its position in Applied Materials by 30.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 15,003 shares of the manufacturing equipment provider’s stock worth $2,747,000 after acquiring an additional 3,469 shares during the period. Finally, Sei Investments Co. lifted its position in Applied Materials by 59.3% during the 2nd quarter. Sei Investments Co. now owns 422,694 shares of the manufacturing equipment provider’s stock worth $77,383,000 after acquiring an additional 157,426 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Activity

In related news, CAO Adam Sanders sold 268 shares of Applied Materials stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $434.22, for a total value of $116,370.96. Following the completion of the transaction, the chief accounting officer owned 4,280 shares in the company, valued at $1,858,461.60. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy Bruner sold 1,128 shares of Applied Materials stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $450.00, for a total value of $507,600.00. Following the completion of the transaction, the director owned 26,544 shares of the company’s stock, valued at approximately $11,944,800. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

Applied Materials Stock Performance

Shares of AMAT stock opened at $500.77 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $508.26. The business has a 50-day simple moving average of $404.70 and a 200-day simple moving average of $339.58. The stock has a market cap of $397.59 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 1.37 and a beta of 1.67.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, May 14th. The manufacturing equipment provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.18. Applied Materials had a return on equity of 36.97% and a net margin of 29.31%.The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the previous year, the business earned $2.39 EPS. Applied Materials’s revenue for the quarter was up 11.4% compared to the same quarter last year. Applied Materials has set its Q3 2026 guidance at 3.160-3.560 EPS. On average, equities analysts expect that Applied Materials, Inc. will post 12.02 EPS for the current year.

Applied Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a $0.53 dividend. The ex-dividend date is Thursday, May 21st. This represents a $2.12 annualized dividend and a dividend yield of 0.4%. This is a boost from Applied Materials’s previous quarterly dividend of $0.46. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Erste Group Bank raised Applied Materials from a “hold” rating to a “buy” rating in a report on Monday, April 27th. TD Cowen boosted their price objective on Applied Materials from $450.00 to $525.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays boosted their price objective on Applied Materials from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $502.00 price objective (up from $454.00) on shares of Applied Materials in a report on Friday, May 15th. Finally, Argus boosted their price objective on Applied Materials from $420.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Applied Materials has a consensus rating of “Moderate Buy” and an average price target of $470.13.

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.