Bremer Trust National Association trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,979 shares of the manufacturing equipment provider’s stock after selling 1,894 shares during the quarter. Bremer Trust National Association’s holdings in Applied Materials were worth $663,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Applied Materials in the third quarter worth approximately $105,000. MPS Loria Financial Planners LLC bought a new position in shares of Applied Materials in the second quarter worth approximately $109,000. First Personal Financial Services increased its position in shares of Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 1,900 shares during the last quarter. Zions Bancorporation increased its position in shares of Applied Materials by 349.1% in the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock worth $137,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its position in shares of Applied Materials by 56.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 984 shares during the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Ali Salehpour sold 125,125 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Insiders sold 312,716 shares of company stock valued at $16,218,746 in the last ninety days. 0.31% of the stock is currently owned by insiders.
AMAT has been the topic of several research analyst reports. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $47.76 price objective on the stock. in a research report on Friday, September 15th. KeyCorp restated an “outperform” rating and issued a $57.00 price objective on shares of Applied Materials in a research report on Saturday, September 16th. Royal Bank of Canada upgraded shares of Applied Materials from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $55.00 in a research report on Sunday, September 17th. B. Riley restated a “buy” rating and issued a $61.00 price objective on shares of Applied Materials in a research report on Wednesday, September 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $54.00 price objective on shares of Applied Materials in a research report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $61.22.
Shares of Applied Materials, Inc. (AMAT) opened at $53.45 on Friday. Applied Materials, Inc. has a 52 week low of $33.09 and a 52 week high of $60.89. The company has a market capitalization of $56,460.00, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.04 and a beta of 1.81. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. analysts expect that Applied Materials, Inc. will post 4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s payout ratio is 12.62%.
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Applied Materials Company Profile
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