Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Stanley Laman Group Ltd.


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Stanley Laman Group Ltd. decreased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.5% in the 4th quarter, HoldingsChannel reports. The firm owned 29,941 shares of the manufacturing equipment provider’s stock after selling 1,737 shares during the period. Stanley Laman Group Ltd.’s holdings in Applied Materials were worth $2,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Applied Materials by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 457,200 shares of the manufacturing equipment provider’s stock valued at $39,456,000 after acquiring an additional 7,505 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Applied Materials by 39.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,011,642 shares of the manufacturing equipment provider’s stock valued at $87,305,000 after acquiring an additional 285,557 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Applied Materials by 1.6% during the 4th quarter. Blair William & Co. IL now owns 92,235 shares of the manufacturing equipment provider’s stock valued at $7,960,000 after acquiring an additional 1,484 shares during the last quarter. OmniStar Financial Group Inc. increased its stake in shares of Applied Materials by 127.5% during the 4th quarter. OmniStar Financial Group Inc. now owns 16,120 shares of the manufacturing equipment provider’s stock valued at $1,391,000 after acquiring an additional 9,034 shares during the last quarter. Finally, Equitable Holdings Inc. increased its stake in shares of Applied Materials by 7.4% during the 4th quarter. Equitable Holdings Inc. now owns 10,897 shares of the manufacturing equipment provider’s stock valued at $940,000 after acquiring an additional 751 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Omkaram Nalamasu sold 800 shares of the firm’s stock in a transaction on Monday, December 21st. The stock was sold at an average price of $86.50, for a total transaction of $69,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

A number of research firms have recently commented on AMAT. Barclays upped their price objective on shares of Applied Materials from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday. Evercore ISI increased their target price on shares of Applied Materials from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup increased their target price on shares of Applied Materials from $80.00 to $130.00 in a research report on Monday, January 25th. DA Davidson increased their target price on shares of Applied Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Finally, UBS Group increased their target price on shares of Applied Materials from $105.00 to $112.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and a consensus target price of $121.92.

Shares of AMAT stock traded up $0.83 on Tuesday, hitting $116.06. 191,978 shares of the stock traded hands, compared to its average volume of 8,253,188. Applied Materials, Inc. has a 1-year low of $36.64 and a 1-year high of $124.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.00 and a quick ratio of 2.12. The company’s fifty day moving average is $104.43 and its 200 day moving average is $78.20. The company has a market capitalization of $106.50 billion, a PE ratio of 29.40, a PEG ratio of 2.06 and a beta of 1.48.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Wednesday, February 17th. The manufacturing equipment provider reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.11. Applied Materials had a return on equity of 40.65% and a net margin of 21.04%. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts expect that Applied Materials, Inc. will post 4.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 18th. Shareholders of record on Thursday, February 25th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, February 24th. Applied Materials’s dividend payout ratio is presently 21.10%.

Applied Materials Company Profile

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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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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