Applied Materials, Inc. (AMAT) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 23.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,710 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,809 shares during the quarter. Independent Advisor Alliance’s holdings in Applied Materials were worth $775,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in AMAT. Summit Financial Wealth Advisors LLC lifted its holdings in Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock valued at $259,000 after purchasing an additional 19 shares in the last quarter. Adirondack Trust Co. lifted its holdings in Applied Materials by 1.1% in the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock valued at $151,000 after purchasing an additional 40 shares in the last quarter. Affinity Wealth Management lifted its holdings in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after purchasing an additional 48 shares in the last quarter. Wunderlich Capital Managemnt lifted 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. Finally, New Amsterdam Partners LLC NY lifted its holdings in Applied Materials by 0.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 15,423 shares of the manufacturing equipment provider’s stock valued at $637,000 after purchasing an additional 105 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

AMAT has been the topic of a number of research reports. Royal Bank of Canada reiterated a “buy” rating on shares of Applied Materials in a report on Friday, October 27th. Bank of America lifted their price target on Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Credit Suisse Group lifted their price target on Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a report on Monday, November 13th. Finally, J P Morgan Chase & Co lifted their price target on Applied Materials to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Applied Materials has an average rating of “Buy” and a consensus price target of $61.15.

Shares of Applied Materials, Inc. (AMAT) opened at $50.47 on Wednesday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $54,849.42, a PE ratio of 15.82, a P/E/G ratio of 0.98 and a beta of 1.80. Applied Materials, Inc. has a 52-week low of $31.66 and a 52-week high of $60.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 43.61% and a net margin of 24.74%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. analysts predict that Applied Materials, Inc. will post 3.96 earnings per share for the current fiscal year.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction dated 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. 0.31% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Applied Materials, Inc. (AMAT) Shares Bought by Independent Advisor Alliance” was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.thelincolnianonline.com/2017/12/13/applied-materials-inc-amat-shares-bought-by-independent-advisor-alliance.html.

About Applied Materials

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply