TFB Advisors LLC Takes $297,000 Position in Applied Materials, Inc. (NASDAQ:AMAT)

TFB Advisors LLC bought a new position in Applied Materials, Inc. (NASDAQ:AMATFree Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,529 shares of the manufacturing equipment provider’s stock, valued at approximately $297,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Applied Materials during the 4th quarter worth $1,514,814,000. Wellington Management Group LLP raised its holdings in shares of Applied Materials by 3,940.1% in the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock worth $352,626,000 after purchasing an additional 2,121,912 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Applied Materials by 123.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,976,914 shares of the manufacturing equipment provider’s stock valued at $407,699,000 after purchasing an additional 1,092,429 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Applied Materials by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider’s stock worth $12,012,171,000 after purchasing an additional 973,218 shares during the period. Finally, Van ECK Associates Corp increased its position in Applied Materials by 20.4% during the 1st quarter. Van ECK Associates Corp now owns 4,623,048 shares of the manufacturing equipment provider’s stock worth $953,411,000 after purchasing an additional 784,780 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded up $3.50 during trading on Wednesday, reaching $254.97. The stock had a trading volume of 4,257,223 shares, compared to its average volume of 5,688,037. The firm’s 50 day moving average price is $224.66 and its two-hundred day moving average price is $200.17. Applied Materials, Inc. has a one year low of $129.21 and a one year high of $255.89. The stock has a market cap of $211.11 billion, a PE ratio of 29.34, a P/E/G ratio of 3.22 and a beta of 1.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.80.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period last year, the firm posted $2.00 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Applied Materials, Inc. will post 8.31 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $260.00 price target on shares of Applied Materials in a research report on Friday, May 17th. B. Riley upped their price target on shares of Applied Materials from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Susquehanna raised their price objective on Applied Materials from $160.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Wells Fargo & Company boosted their price objective on Applied Materials from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $230.00 target price on shares of Applied Materials in a research note on Wednesday, May 15th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $221.84.

View Our Latest Stock Report on AMAT

Insider Transactions at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total value of $4,446,800.00. Following the sale, the chief financial officer now directly owns 108,356 shares in the company, valued at $24,091,873.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Prabu G. Raja sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $249.17, for a total transaction of $12,458,500.00. Following the transaction, the insider now owns 458,417 shares in the company, valued at $114,223,763.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brice Hill sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total value of $4,446,800.00. Following the completion of the sale, the chief financial officer now directly owns 108,356 shares in the company, valued at approximately $24,091,873.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,827 shares of company stock worth $21,382,560. 0.29% of the stock is currently owned by company insiders.

About Applied Materials

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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