Ritholtz Wealth Management lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,206 shares of the manufacturing equipment provider’s stock after purchasing an additional 1,436 shares during the period. Ritholtz Wealth Management’s holdings in Applied Materials were worth $4,855,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Warther Private Wealth LLC increased its position in shares of Applied Materials by 1.5% in the fourth quarter. Warther Private Wealth LLC now owns 1,908 shares of the manufacturing equipment provider’s stock valued at $490,000 after buying an additional 28 shares in the last quarter. Tradition Wealth Management LLC lifted its position in shares of Applied Materials by 3.1% during the 4th quarter. Tradition Wealth Management LLC now owns 1,031 shares of the manufacturing equipment provider’s stock valued at $265,000 after buying an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its position in shares of Applied Materials by 1.4% during the 4th quarter. Hoxton Planning & Management LLC now owns 2,208 shares of the manufacturing equipment provider’s stock valued at $567,000 after buying an additional 31 shares in the last quarter. Godsey & Gibb Inc. grew its stake in Applied Materials by 2.6% in the 4th quarter. Godsey & Gibb Inc. now owns 1,298 shares of the manufacturing equipment provider’s stock valued at $334,000 after acquiring an additional 33 shares during the period. Finally, Family Capital Management Inc. grew its stake in Applied Materials by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 4,227 shares of the manufacturing equipment provider’s stock valued at $1,086,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.
Applied Materials Trading Up 13.4%
Shares of AMAT opened at $668.00 on Friday. Applied Materials, Inc. has a 52-week low of $154.46 and a 52-week high of $669.22. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $468.89 and its two-hundred day moving average is $375.60. The stock has a market cap of $530.37 billion, a PE ratio of 62.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.67.
Applied Materials Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Applied Materials’s dividend payout ratio is currently 19.91%.
More Applied Materials News
Here are the key news stories impacting Applied Materials this week:
- Positive Sentiment: Applied Materials unveiled new systems for DRAM and advanced packaging, including tools for higher-yield chip stacking and wafer metrology, strengthening its position in AI chip manufacturing. Applied Materials Introduces New Systems to Accelerate DRAM and Advanced Packaging for AI Chips
- Positive Sentiment: Analyst commentary has turned more upbeat, with Wells Fargo raising its price target sharply and other coverage pointing to continued strength in semiconductor equipment demand and AI infrastructure spending. Is Applied Materials (AMAT) the Best All-Time High Stock with Legs to Rally Further?
- Positive Sentiment: Broader AI-chip optimism also helped sentiment across the sector, with Micron-led strength reinforcing the idea that memory and chip-equipment names could benefit from the next leg of AI spending. Micron Sparks Fresh AI Stock Rally
- Neutral Sentiment: Short interest data showed no meaningful bearish positioning change, so this does not appear to be a driver of the stock move. Applied Materials stock information
Wall Street Analyst Weigh In
A number of research firms have weighed in on AMAT. Raymond James Financial set a $650.00 price objective on shares of Applied Materials in a research report on Wednesday, June 10th. B. Riley Financial lifted their target price on shares of Applied Materials from $530.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America boosted their target price on shares of Applied Materials from $540.00 to $720.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial set a $575.00 price target on shares of Applied Materials in a research report on Thursday, May 28th. Finally, Mizuho raised their price target on shares of Applied Materials from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and an average price target of $509.65.
View Our Latest Report on Applied Materials
Insider Buying and Selling
In other Applied Materials news, SVP Timothy M. Deane sold 8,621 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $590.76, for a total value of $5,092,941.96. Following the transaction, the senior vice president directly owned 134,631 shares of the company’s stock, valued at $79,534,609.56. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary E. Dickerson sold 71,727 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $593.75, for a total transaction of $42,587,906.25. Following the completion of the transaction, the chief executive officer directly owned 1,695,164 shares in the company, valued at $1,006,503,625. This trade represents a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 199,767 shares of company stock worth $114,104,709 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.
About Applied Materials
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.
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