Ingalls & Snyder LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,350 shares of the manufacturing equipment provider’s stock, valued at approximately $2,625,000.
Several other institutional investors also recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Applied Materials by 0.3% in the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after acquiring an additional 19 shares during the period. Wunderlich Capital Managemnt boosted its holdings in shares of Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after acquiring an additional 87 shares during the period. Albion Financial Group UT boosted its holdings in shares of Applied Materials by 0.8% in the second quarter. Albion Financial Group UT now owns 16,534 shares of the manufacturing equipment provider’s stock worth $683,000 after acquiring an additional 133 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in shares of Applied Materials by 1.5% in the second quarter. San Francisco Sentry Investment Group CA now owns 11,859 shares of the manufacturing equipment provider’s stock worth $490,000 after acquiring an additional 173 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Applied Materials by 1.3% in the second quarter. D.A. Davidson & CO. now owns 61,787 shares of the manufacturing equipment provider’s stock worth $2,552,000 after acquiring an additional 773 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction 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 business’s stock in a transaction dated Saturday, 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. 0.31% of the stock is owned by company insiders.
Several research firms recently issued reports on AMAT. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday. Instinet reissued a “buy” rating and set a $55.00 price objective (up previously from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. B. Riley lifted their price objective on Applied Materials from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, September 25th. UBS Group raised Applied Materials from a “neutral” rating to a “positive” rating in a research note on Tuesday. Finally, Craig Hallum reissued a “buy” rating and set a $76.00 price objective (up previously from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Twenty-five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Applied Materials presently has an average rating of “Buy” and an average target price of $62.76.
Applied Materials, Inc. (AMAT) opened at $57.40 on Friday. The company has a market capitalization of $60,630.00, a PE ratio of 18.11, a PEG ratio of 1.12 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, Inc. has a twelve month low of $33.56 and a twelve month high of $60.89.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. research analysts expect that Applied Materials, Inc. will post 4.04 EPS for the current 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 issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. Applied Materials’s dividend payout ratio is presently 12.62%.
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Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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