Cape Cod Five Cents Savings Bank boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 467.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,784 shares of the manufacturing equipment provider’s stock after acquiring an additional 24,534 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Applied Materials were worth $1,523,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. LeJeune Puetz Investment Counsel LLC acquired a new position in Applied Materials during the 3rd quarter valued at about $105,000. Cerebellum GP LLC acquired a new position in Applied Materials during the 4th quarter valued at about $122,000. MPS Loria Financial Planners LLC acquired a new position in Applied Materials during the 2nd quarter valued at about $109,000. First Personal Financial Services lifted its position in Applied Materials by 281.5% during the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after purchasing an additional 1,900 shares during the period. Finally, Zions Bancorporation lifted its position in Applied Materials by 349.1% during the 3rd quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after purchasing an additional 2,049 shares during the period. 79.30% of the stock is currently owned by hedge funds and other institutional investors.
AMAT has been the topic of a number of research reports. Royal Bank of Canada restated a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. B. Riley restated a “buy” rating and set a $63.00 target price on shares of Applied Materials in a research report on Monday, November 13th. Bank of America upped their target price on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Credit Suisse Group upped their target price on shares of Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. Finally, Needham & Company LLC increased 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. One research analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Applied Materials currently has an average rating of “Buy” and an average target price of $62.56.
In other news, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ali Salehpour sold 125,125 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock worth $16,218,746 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $49.50 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The company has a market cap of $50,570.69, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.94 and a beta of 1.72. Applied Materials, Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $60.89.
Applied Materials (NASDAQ:AMAT) last announced its 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. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. equities analysts anticipate that Applied Materials, Inc. will post 4.04 earnings per share for the current fiscal year.
The business also recently announced 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 0.81%. Applied Materials’s dividend payout ratio (DPR) is currently 12.62%.
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About Applied Materials
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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