Sigma Planning Corp decreased its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 32.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,500 shares of the manufacturing equipment provider’s stock after selling 5,452 shares during the period. Sigma Planning Corp’s holdings in Applied Materials were worth $588,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of AMAT. Egerton Capital UK LLP raised its position in Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after buying an additional 3,184,994 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Applied Materials during the 3rd quarter valued at about $97,804,000. Nordea Investment Management AB increased its position in shares of Applied Materials by 192.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,652,089 shares of the manufacturing equipment provider’s stock valued at $86,057,000 after purchasing an additional 1,087,432 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Applied Materials during the 4th quarter valued at about $49,523,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Applied Materials during the 3rd quarter valued at about $48,626,000. 79.30% of the stock is owned by institutional investors and hedge funds.
In other Applied Materials news, Director Stephen R. Forrest sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $53.67, for a total value of $214,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ali Salehpour sold 125,125 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. Insiders sold a total of 312,716 shares of company stock valued at $16,218,746 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. During the same period in the prior year, the business posted $0.67 earnings per share. research analysts predict that Applied Materials, Inc. will post 4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.54%. This is an increase from Applied Materials’s previous quarterly dividend of $0.10. Applied Materials’s dividend payout ratio is presently 12.62%.
Several equities research analysts have recently commented on AMAT shares. Wells Fargo & Co started coverage on shares of Applied Materials in a research report on Tuesday, December 5th. They set an “outperform” rating and a $65.00 price target for the company. UBS Group raised shares of Applied Materials from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 16th. Vetr lowered shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.00 price target for the company. in a research report on Wednesday, January 17th. 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 research report on Friday, December 15th. Finally, B. Riley reaffirmed a “buy” rating and set a $71.00 price target on shares of Applied Materials in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.56.
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Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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