San Francisco Sentry Investment Group CA lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 50.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,236 shares of the manufacturing equipment provider’s stock after buying an additional 6,089 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Applied Materials were worth $932,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. LeJeune Puetz Investment Counsel LLC purchased a new position in Applied Materials in the third quarter worth $105,000. MPS Loria Financial Planners LLC purchased a new position in Applied Materials in the second quarter worth $109,000. Cerebellum GP LLC purchased a new position in Applied Materials in the fourth quarter worth $122,000. First Personal Financial Services boosted its position in Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Zions Bancorporation boosted its position in Applied Materials by 349.1% in the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock worth $137,000 after purchasing an additional 2,049 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $48.08 on Friday. The stock has a market capitalization of $50,650.00, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. Applied Materials, Inc. has a one year low of $34.58 and a one year high of $60.89.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. Applied Materials’s payout ratio is presently 12.62%.
In related news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 312,716 shares of company stock worth $16,218,746. Corporate insiders own 0.35% of the company’s stock.
Several research firms have weighed in on AMAT. ValuEngine raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr cut Applied Materials from a “strong-buy” rating to a “buy” rating and set a $57.92 price objective on the stock. in a research report on Thursday, February 1st. BidaskClub cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Needham & Company LLC boosted their price objective on Applied Materials to $66.00 and gave the stock a “positive” rating in a research report on Friday, November 17th. Finally, Nomura reissued a “buy” rating and issued a $65.00 price objective (up previously from $55.00) on shares of Applied Materials in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.56.
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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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