Greenspring Advisors LLC bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,663 shares of the manufacturing equipment provider’s stock, valued at approximately $427,000.
A number of other institutional investors have also modified their holdings of AMAT. Redmont Wealth Advisors LLC acquired a new position in shares of Applied Materials in the third quarter valued at approximately $26,000. Highline Wealth Partners LLC increased its holdings in shares of Applied Materials by 48.7% in the fourth quarter. Highline Wealth Partners LLC now owns 116 shares of the manufacturing equipment provider’s stock valued at $30,000 after purchasing an additional 38 shares during the period. Joseph Group Capital Management acquired a new position in shares of Applied Materials in the fourth quarter valued at approximately $31,000. Dogwood Wealth Management LLC increased its holdings in shares of Applied Materials by 52.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 128 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Finally, IMG Wealth Management Inc. increased its holdings in shares of Applied Materials by 147.2% in the fourth quarter. IMG Wealth Management Inc. now owns 131 shares of the manufacturing equipment provider’s stock valued at $34,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Stock Up 0.2%
AMAT opened at $502.02 on Friday. The business’s fifty day moving average is $407.26 and its two-hundred day moving average is $341.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.80 and a current ratio of 2.51. The company has a market cap of $398.58 billion, a price-to-earnings ratio of 47.14, a PEG ratio of 1.40 and a beta of 1.67. Applied Materials, Inc. has a one year low of $154.46 and a one year high of $510.75.
Applied Materials Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 21st. This is a positive change from Applied Materials’s previous quarterly dividend of $0.46. This represents a $2.12 dividend on an annualized basis and a yield of 0.4%. Applied Materials’s dividend payout ratio (DPR) is presently 19.91%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on AMAT. Susquehanna boosted their target price on Applied Materials from $435.00 to $500.00 and gave the company a “positive” rating in a report on Thursday, April 9th. Mizuho boosted their target price on Applied Materials from $500.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Citigroup boosted their target price on Applied Materials from $420.00 to $520.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. UBS Group upped their price objective on Applied Materials from $480.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Zacks Research lowered Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $470.13.
Read Our Latest Stock Report on Applied Materials
Insiders Place Their Bets
In other Applied Materials news, Director Judy Bruner sold 1,128 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $450.00, for a total transaction of $507,600.00. Following the sale, the director directly owned 26,544 shares in the company, valued at approximately $11,944,800. The trade was a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Adam Sanders sold 268 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $434.22, for a total value of $116,370.96. Following the sale, the chief accounting officer owned 4,280 shares in the company, valued at approximately $1,858,461.60. The trade was a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.
Applied Materials Profile
Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.
Applied Materials’ offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.
Featured Stories
- Five stocks we like better than Applied Materials
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
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.
