Coldstream Capital Management Inc. Purchases 555 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Coldstream Capital Management Inc. lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,967 shares of the manufacturing equipment provider’s stock after purchasing an additional 555 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Applied Materials were worth $4,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AMAT. JT Stratford LLC boosted its stake in shares of Applied Materials by 0.4% in the first quarter. JT Stratford LLC now owns 10,890 shares of the manufacturing equipment provider’s stock worth $2,246,000 after acquiring an additional 48 shares during the period. Financial Management Professionals Inc. boosted its stake in Applied Materials by 5.6% during the first quarter. Financial Management Professionals Inc. now owns 924 shares of the manufacturing equipment provider’s stock valued at $191,000 after buying an additional 49 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Applied Materials by 3.3% during the second quarter. WASHINGTON TRUST Co now owns 1,556 shares of the manufacturing equipment provider’s stock valued at $367,000 after buying an additional 49 shares during the last quarter. Optimum Investment Advisors boosted its stake in Applied Materials by 1.3% during the second quarter. Optimum Investment Advisors now owns 4,016 shares of the manufacturing equipment provider’s stock valued at $948,000 after buying an additional 50 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its stake in Applied Materials by 4.7% during the second quarter. SlateStone Wealth LLC now owns 1,105 shares of the manufacturing equipment provider’s stock valued at $261,000 after buying an additional 50 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMAT has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Applied Materials from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. JPMorgan Chase & Co. increased their price target on Applied Materials from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna increased their price target on Applied Materials from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Jefferies Financial Group lowered Applied Materials from a “buy” rating to a “hold” rating and dropped their price target for the company from $215.00 to $210.00 in a research note on Monday, May 13th. Finally, Mizuho upped their price objective on Applied Materials from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $233.14.

Insiders Place Their Bets

In other Applied Materials news, insider Prabu G. Raja sold 50,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $249.17, for a total transaction of $12,458,500.00. Following the transaction, the insider now owns 458,417 shares in the company, valued at $114,223,763.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Applied Materials news, Director Thomas J. Iannotti sold 9,827 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $236.65, for a total transaction of $2,325,559.55. Following the transaction, the director now owns 49,185 shares in the company, valued at $11,639,630.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $249.17, for a total value of $12,458,500.00. Following the completion of the transaction, the insider now owns 458,417 shares in the company, valued at approximately $114,223,763.89. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Applied Materials Trading Down 0.9 %

AMAT opened at $175.88 on Tuesday. The firm has a market cap of $145.00 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.08 and a beta of 1.55. The company has a current ratio of 2.86, a quick ratio of 2.09 and a debt-to-equity ratio of 0.33. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $255.89. The stock has a fifty day moving average price of $208.77 and a 200-day moving average price of $211.26.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. The firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. Applied Materials had a return on equity of 39.99% and a net margin of 27.74%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 8.49 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Applied Materials’s dividend payout ratio is currently 18.39%.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.