1,955 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Acquired by American Trust

American Trust purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) in the 1st quarter, Holdings Channel.com reports. The firm purchased 1,955 shares of the manufacturing equipment provider’s stock, valued at approximately $258,000.

Several other large investors have also recently made changes to their positions in AMAT. Center for Financial Planning Inc. purchased a new stake in Applied Materials in the 1st quarter valued at $25,000. Disciplined Investments LLC grew its holdings in Applied Materials by 67.3% in the 1st quarter. Disciplined Investments LLC now owns 251 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. Hardy Reed LLC purchased a new stake in Applied Materials in the 1st quarter valued at $34,000. NuWave Investment Management LLC purchased a new stake in Applied Materials in the 1st quarter valued at $36,000. Finally, Monetary Management Group Inc. purchased a new stake in Applied Materials in the 4th quarter valued at $39,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Trading Down 0.1 %

NASDAQ:AMAT opened at $88.87 on Monday. The company has a market capitalization of $76.46 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.53. The company has a quick ratio of 1.45, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. Applied Materials, Inc. has a 52-week low of $82.67 and a 52-week high of $167.06. The stock has a fifty day simple moving average of $99.36 and a 200-day simple moving average of $108.54.

Applied Materials (NASDAQ:AMATGet Rating) last announced its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.15. Applied Materials had a net margin of 26.42% and a return on equity of 56.68%. The firm had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Applied Materials, Inc. will post 7.68 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, November 23rd. Applied Materials’s payout ratio is 13.90%.

Insider Activity

In other news, SVP Teri A. Little sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the completion of the transaction, the senior vice president now owns 93,169 shares of the company’s stock, valued at approximately $8,040,484.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMAT. Cowen dropped their target price on Applied Materials from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 19th. Needham & Company LLC decreased their price target on Applied Materials from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, August 19th. Sanford C. Bernstein upped their price target on Applied Materials to $140.00 in a research note on Monday, August 22nd. JPMorgan Chase & Co. decreased their price target on Applied Materials from $158.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 19th. Finally, Craig Hallum decreased their price target on Applied Materials from $145.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, August 19th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Applied Materials Company Profile

(Get Rating)

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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

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