QUANTRES ASSET MANAGEMENT Ltd Invests $516,000 in Applied Materials, Inc. (NASDAQ:AMAT)

QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,100 shares of the manufacturing equipment provider’s stock, valued at approximately $516,000.

Other large investors have also modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of Applied Materials by 128.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 103,721 shares of the manufacturing equipment provider’s stock worth $4,285,000 after purchasing an additional 58,370 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Applied Materials by 2.0% during the 2nd quarter. Atlantic Trust Group LLC now owns 43,288 shares of the manufacturing equipment provider’s stock worth $1,788,000 after purchasing an additional 853 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Applied Materials during the 2nd quarter worth about $196,000. Freestone Capital Holdings LLC acquired a new stake in shares of Applied Materials in the second quarter worth approximately $287,000. Finally, Schroder Investment Management Group boosted its position in shares of Applied Materials by 201.9% in the second quarter. Schroder Investment Management Group now owns 304,508 shares of the manufacturing equipment provider’s stock worth $12,618,000 after acquiring an additional 203,655 shares during the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.

AMAT has been the topic of several research analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $62.00 target price on shares of Applied Materials in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. Needham & Company LLC lifted their price target on shares of Applied Materials to $66.00 and gave the company a “positive” rating in a research report on Friday, November 17th. Zacks Investment Research cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, KeyCorp reaffirmed an “outperform” rating and set a $57.00 price target on shares of Applied Materials in a research report on Saturday, September 16th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $61.22.

In other news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ali Salehpour sold 125,125 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,716 shares of company stock worth $16,218,746. Corporate insiders own 0.31% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up $0.25 during mid-day trading on Friday, reaching $53.45. 9,069,938 shares of the company traded hands, compared to its average volume of 12,440,000. 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, Inc. has a 1-year low of $33.09 and a 1-year high of $60.89. The firm has a market capitalization of $56,460.00, a P/E ratio of 16.86, a P/E/G ratio of 1.04 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the business earned $0.66 earnings per share. Applied Materials’s revenue for the quarter was up 20.4% compared to the same quarter last year. sell-side analysts expect that Applied Materials, Inc. will post 4.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.75%. Applied Materials’s payout ratio is presently 12.62%.

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Applied Materials Profile

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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