Nisa Investment Advisors LLC boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,793 shares of the manufacturing equipment provider’s stock after purchasing an additional 38,960 shares during the period. Nisa Investment Advisors LLC’s holdings in Applied Materials were worth $23,607,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC acquired a new stake in Applied Materials in the 3rd quarter valued at $105,000. MPS Loria Financial Planners LLC acquired a new stake in Applied Materials in the 2nd quarter valued at $109,000. Wunderlich Capital Managemnt increased its holdings in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Applied Materials in the 2nd quarter valued at $134,000. Finally, First Personal Financial Services increased its holdings in Applied Materials by 281.5% in 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 in the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.
Shares of Applied Materials, Inc. (AMAT) traded up $0.25 during mid-day trading on Friday, hitting $53.45. 7,610,501 shares of the stock traded hands, compared to its average volume of 12,440,000. 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 $32.60 and a twelve month high of $60.89. The company has a market capitalization of $56,460.00, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last issued its quarterly 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. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. equities research analysts expect that Applied Materials, Inc. will post 4.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. Applied Materials’s payout ratio is 12.62%.
In other news, VP Omkaram Nalamasu sold 53,466 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,833,698.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock worth $16,218,746 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.
Several analysts recently issued reports on the company. B. Riley increased their price target on Applied Materials from $61.00 to $63.00 and gave the company a “buy” rating in a report on Monday, September 25th. Instinet reiterated a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Applied Materials in a report on Saturday, September 30th. Craig Hallum restated a “buy” rating and set a $76.00 target price (up from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Stifel Nicolaus restated a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Finally, Berenberg Bank restated a “buy” rating and set a $52.00 target price on shares of Applied Materials in a research note on Thursday, September 28th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $61.22.
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Applied Materials Company Profile
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