Applied Materials, Inc. (NASDAQ:AMAT) Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,915 shares of the manufacturing equipment provider’s stock after buying an additional 5,956 shares during the quarter. NewEdge Wealth LLC’s holdings in Applied Materials were worth $25,844,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Impact Investors Inc purchased a new stake in shares of Applied Materials in the 4th quarter valued at about $622,000. Bryn Mawr Capital Management LLC boosted its holdings in shares of Applied Materials by 23.2% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 16,646 shares of the manufacturing equipment provider’s stock valued at $2,707,000 after acquiring an additional 3,130 shares during the period. Kirtland Hills Capital Management LLC increased its holdings in shares of Applied Materials by 37.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 3,156 shares of the manufacturing equipment provider’s stock valued at $513,000 after acquiring an additional 856 shares during the period. Illinois Municipal Retirement Fund raised its position in Applied Materials by 25.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 168,794 shares of the manufacturing equipment provider’s stock valued at $27,451,000 after purchasing an additional 34,316 shares during the last quarter. Finally, FourThought Financial Partners LLC boosted its stake in Applied Materials by 0.6% during the 4th quarter. FourThought Financial Partners LLC now owns 34,599 shares of the manufacturing equipment provider’s stock worth $5,627,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insiders Place Their Bets

In other Applied Materials news, CAO Adam Sanders sold 271 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $172.72, for a total value of $46,807.12. Following the completion of the transaction, the chief accounting officer now directly owns 6,479 shares in the company, valued at approximately $1,119,052.88. The trade was a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on AMAT shares. Needham & Company LLC dropped their price objective on shares of Applied Materials from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. TD Cowen dropped their price target on Applied Materials from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of Applied Materials in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Susquehanna lifted their target price on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.38.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $168.51 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.96 and a debt-to-equity ratio of 0.29. The stock has a market cap of $136.95 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.81 and a beta of 1.53. The company’s 50-day moving average price is $175.59 and its 200 day moving average price is $183.46. Applied Materials, Inc. has a 52 week low of $158.96 and a 52 week high of $255.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, February 13th. The manufacturing equipment provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a net margin of 22.95% and a return on equity of 39.50%. As a group, research analysts forecast that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Applied Materials’s dividend payout ratio (DPR) is 20.92%.

Applied Materials Company Profile

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.