Global Trust Asset Management LLC raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 543.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,579 shares of the manufacturing equipment provider’s stock after buying an additional 9,779 shares during the quarter. Global Trust Asset Management LLC’s holdings in Applied Materials were worth $379,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC raised its position in shares of Applied Materials by 12.7% during the fourth quarter. Cerebellum GP LLC now owns 5,176 shares of the manufacturing equipment provider’s stock worth $169,000 after purchasing an additional 585 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Applied Materials during the fourth quarter worth approximately $25,000. Cornerstone Advisors Inc. raised its position in shares of Applied Materials by 19.4% during the third quarter. Cornerstone Advisors Inc. now owns 6,151 shares of the manufacturing equipment provider’s stock worth $238,000 after purchasing an additional 999 shares during the period. Fulton Bank N.A. raised its position in shares of Applied Materials by 2.7% during the fourth quarter. Fulton Bank N.A. now owns 44,748 shares of the manufacturing equipment provider’s stock worth $1,465,000 after purchasing an additional 1,188 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Applied Materials by 5.4% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,538 shares of the manufacturing equipment provider’s stock worth $771,000 after purchasing an additional 1,201 shares during the period. 78.14% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:AMAT traded up $0.02 during trading on Friday, reaching $34.78. The company’s stock had a trading volume of 694,939 shares, compared to its average volume of 12,274,393. The company has a market capitalization of $32.88 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.64 and a quick ratio of 1.73. Applied Materials, Inc. has a 12 month low of $28.79 and a 12 month high of $62.40.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4 billion. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. Sell-side analysts anticipate that Applied Materials, Inc. will post 3.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.30%. Applied Materials’s payout ratio is 17.98%.
Several brokerages recently issued reports on AMAT. Zacks Investment Research reiterated a “hold” rating on shares of Applied Materials in a report on Monday, November 12th. Needham & Company LLC reiterated a “buy” rating on shares of Applied Materials in a report on Sunday, January 6th. ValuEngine upgraded Applied Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. KeyCorp reiterated an “overweight” rating and set a $56.00 price target (down previously from $71.00) on shares of Applied Materials in a report on Friday, November 16th. Finally, BidaskClub upgraded Applied Materials from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $51.09.
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About Applied Materials
Applied Materials, Inc provides 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.
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