GLOBALT Investments LLC GA Has $450,000 Stock Holdings in Applied Materials, Inc. $AMAT

GLOBALT Investments LLC GA trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 76.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,200 shares of the manufacturing equipment provider’s stock after selling 7,314 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Applied Materials were worth $450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Welch Group LLC increased its holdings in shares of Applied Materials by 3.0% during the third quarter. Welch Group LLC now owns 1,741 shares of the manufacturing equipment provider’s stock valued at $356,000 after acquiring an additional 50 shares in the last quarter. Ellenbecker Investment Group bought a new position in shares of Applied Materials in the 3rd quarter worth $228,000. True North Advisors LLC grew its position in Applied Materials by 12.6% in the 3rd quarter. True North Advisors LLC now owns 7,821 shares of the manufacturing equipment provider’s stock valued at $1,601,000 after purchasing an additional 873 shares during the period. Trust Co. of Vermont increased its stake in Applied Materials by 5.7% during the 3rd quarter. Trust Co. of Vermont now owns 131,670 shares of the manufacturing equipment provider’s stock valued at $26,958,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Alpha Wealth Funds LLC raised its holdings in Applied Materials by 169.2% during the third quarter. Alpha Wealth Funds LLC now owns 3,500 shares of the manufacturing equipment provider’s stock worth $717,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Insider Activity

In related news, CAO Adam Sanders sold 609 shares of the stock in a transaction dated 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 owned 4,413 shares in the company, valued at approximately $1,127,653.89. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the senior vice president directly owned 84,351 shares in the company, valued at approximately $20,095,782.24. This represents a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,609 shares of company stock valued at $2,044,898. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMAT has been the subject of a number of analyst reports. B. Riley lifted their price objective on shares of Applied Materials from $270.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $250.00 price target on shares of Applied Materials in a research report on Friday, November 14th. KeyCorp boosted their price objective on Applied Materials from $240.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Stifel Nicolaus increased their price objective on Applied Materials from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on Applied Materials from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Twenty equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.78.

Applied Materials Stock Performance

AMAT stock opened at $260.60 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The firm has a market cap of $206.64 billion, a PE ratio of 30.02, a P/E/G ratio of 2.69 and a beta of 1.67. The business has a 50 day moving average of $242.87 and a 200-day moving average of $205.08. Applied Materials, Inc. has a 12-month low of $123.74 and a 12-month high of $276.10.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results 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 business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company posted $2.32 earnings per share. Applied Materials’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. As a group, sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

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