Atria Wealth Solutions Inc. Has $4.75 Million Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Atria Wealth Solutions Inc. decreased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 48,811 shares of the manufacturing equipment provider’s stock after selling 349 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Applied Materials were worth $4,753,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Applied Materials by 0.8% in the first quarter. BlackRock Inc. now owns 69,748,762 shares of the manufacturing equipment provider’s stock worth $8,567,240,000 after purchasing an additional 520,503 shares during the period. State Street Corp raised its position in Applied Materials by 0.8% in the first quarter. State Street Corp now owns 38,434,684 shares of the manufacturing equipment provider’s stock worth $4,720,928,000 after purchasing an additional 301,010 shares in the last quarter. Geode Capital Management LLC raised its position in Applied Materials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 15,911,113 shares of the manufacturing equipment provider’s stock worth $1,547,031,000 after purchasing an additional 211,646 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Applied Materials by 53.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,263,246 shares of the manufacturing equipment provider’s stock worth $1,194,195,000 after purchasing an additional 4,277,485 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Applied Materials by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 11,355,075 shares of the manufacturing equipment provider’s stock valued at $1,394,744,000 after purchasing an additional 366,907 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors.

Applied Materials Stock Performance

Shares of AMAT opened at $144.58 on Thursday. The firm’s 50 day moving average price is $144.93 and its two-hundred day moving average price is $131.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.59 and a current ratio of 2.30. Applied Materials, Inc. has a twelve month low of $71.12 and a twelve month high of $155.26. The firm has a market cap of $121.38 billion, a P/E ratio of 19.07, a PEG ratio of 3.10 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Applied Materials had a return on equity of 49.29% and a net margin of 24.27%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. On average, analysts forecast that Applied Materials, Inc. will post 7.85 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.28 annualized dividend and a yield of 0.89%. Applied Materials’s payout ratio is currently 16.89%.

Analyst Ratings Changes

Several research firms recently commented on AMAT. Bank of America raised their target price on Applied Materials from $165.00 to $175.00 in a research report on Friday, August 18th. Needham & Company LLC lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Mizuho lifted their price target on shares of Applied Materials from $152.00 to $158.00 and gave the company a “buy” rating in a report on Friday, August 18th. Berenberg Bank raised their price objective on shares of Applied Materials from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, The Goldman Sachs Group increased their price target on Applied Materials from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.08.

Insiders Place Their Bets

In related news, CFO Brice Hill sold 1,000 shares of Applied Materials stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $150.04, for a total value of $150,040.00. Following the sale, the chief financial officer now owns 106,023 shares of the company’s stock, valued at $15,907,690.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Teri A. Little sold 10,000 shares of Applied Materials stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $142.00, for a total transaction of $1,420,000.00. Following the completion of the transaction, the senior vice president now owns 69,504 shares in the company, valued at $9,869,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brice Hill sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $150.04, for a total value of $150,040.00. Following the transaction, the chief financial officer now directly owns 106,023 shares in the company, valued at approximately $15,907,690.92. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

About Applied Materials

Applied Materials, Inc engages in the provision of 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.