Nisa Investment Advisors LLC Has $23.61 Million Holdings in Applied Materials, Inc. (AMAT)

Nisa Investment Advisors LLC raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,793 shares of the manufacturing equipment provider’s stock after purchasing an additional 38,960 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Applied Materials were worth $23,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Applied Materials in the third quarter valued at approximately $105,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $109,000. Wunderlich Capital Managemnt increased its stake in shares of Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Applied Materials in the second quarter valued at approximately $134,000. Finally, First Personal Financial Services increased its stake in shares of Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 79.76% of the company’s stock.

Applied Materials, Inc. (AMAT) traded up $0.25 during midday trading on Friday, hitting $53.45. 7,610,501 shares of the company were exchanged, compared to its average volume of 12,440,000. Applied Materials, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $56,460.00, a price-to-earnings ratio of 16.86, a PEG ratio of 1.07 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. analysts forecast that Applied Materials, Inc. will post 4.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be given a $0.10 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.75%. Applied Materials’s dividend payout ratio (DPR) is 12.62%.

Several equities research analysts have commented on AMAT shares. Royal Bank of Canada restated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America raised their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, November 28th. Wells Fargo & Co started coverage on shares of Applied Materials in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price target on the stock. Finally, BidaskClub lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Two research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.22.

In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred on Friday, November 24th. The stock was 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. In the last 90 days, insiders sold 312,716 shares of company stock worth $16,218,746. 0.31% of the stock is currently owned by company insiders.

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Applied Materials Company Profile

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

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