Appleton Partners Inc. MA Sells 1,544 Shares of Applied Materials, Inc. (AMAT)

Appleton Partners Inc. MA decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,456 shares of the manufacturing equipment provider’s stock after selling 1,544 shares during the period. Appleton Partners Inc. MA’s holdings in Applied Materials were worth $2,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMAT. Schroder Investment Management Group boosted its stake in shares of Applied Materials by 201.9% during the second quarter. Schroder Investment Management Group now owns 304,508 shares of the manufacturing equipment provider’s stock worth $12,618,000 after buying an additional 203,655 shares during the period. Icon Advisers Inc. Co. boosted its stake in shares of Applied Materials by 3.0% during the second quarter. Icon Advisers Inc. Co. now owns 92,700 shares of the manufacturing equipment provider’s stock worth $3,829,000 after buying an additional 2,700 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Applied Materials during the second quarter worth about $8,834,000. Affinity Wealth Management boosted its stake in shares of Applied Materials by 0.8% during the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after buying an additional 48 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Applied Materials by 1.5% during the second quarter. Nationwide Fund Advisors now owns 1,522,190 shares of the manufacturing equipment provider’s stock worth $62,882,000 after buying an additional 22,998 shares during the period. Institutional investors and hedge funds own 79.76% of the company’s stock.

Several research firms recently issued reports on AMAT. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Thursday. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.50 price target for the company. in a report on Monday. Needham & Company LLC raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $66.00 to $72.00 in a report on Monday. Zacks Investment Research raised shares of Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 price target for the company in a report on Friday, December 15th. Finally, Wells Fargo & Co began coverage on shares of Applied Materials in a report on Tuesday, December 5th. They set an “outperform” rating and a $65.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $61.22.

In other news, VP Omkaram Nalamasu sold 53,466 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total value of $2,833,698.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Insiders sold 312,716 shares of company stock worth $16,218,746 over the last quarter. Company insiders own 0.31% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) traded up $0.64 during trading on Friday, reaching $53.85. 4,301,153 shares of the company’s stock were exchanged, compared to its average volume of 11,566,825. Applied Materials, Inc. has a 12 month low of $32.60 and a 12 month high of $60.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The stock has a market capitalization of $56,860.00, a PE ratio of 16.99, a PEG ratio of 1.07 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. research analysts predict that Applied Materials, Inc. will post 4.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Applied Materials’s dividend payout ratio is presently 12.62%.

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About Applied Materials

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

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