Harfst & Associates Inc. Has $715,000 Stake in Applied Materials, Inc. (NASDAQ:AMAT)

Harfst & Associates Inc. raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,926 shares of the manufacturing equipment provider’s stock after buying an additional 1,209 shares during the period. Harfst & Associates Inc.’s holdings in Applied Materials were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. Greenleaf Trust boosted its stake in Applied Materials by 8.5% in the second quarter. Greenleaf Trust now owns 15,309 shares of the manufacturing equipment provider’s stock valued at $688,000 after acquiring an additional 1,201 shares during the last quarter. Coastal Investment Advisors Inc. raised its holdings in Applied Materials by 82.9% in the second quarter. Coastal Investment Advisors Inc. now owns 2,304 shares of the manufacturing equipment provider’s stock worth $103,000 after purchasing an additional 1,044 shares during the period. Hartford Financial Management Inc. raised its holdings in Applied Materials by 0.6% in the second quarter. Hartford Financial Management Inc. now owns 42,875 shares of the manufacturing equipment provider’s stock worth $1,926,000 after purchasing an additional 248 shares during the period. Fiduciary Trust Co. acquired a new stake in shares of Applied Materials during the first quarter worth $287,000. Finally, Nvwm LLC raised its holdings in shares of Applied Materials by 28.0% during the second quarter. Nvwm LLC now owns 17,597 shares of the manufacturing equipment provider’s stock worth $790,000 after acquiring an additional 3,844 shares during the period. 78.68% of the stock is owned by institutional investors.

In other Applied Materials news, Director Stephen R. Forrest sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total transaction of $138,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis D. Powell sold 25,218 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $51.44, for a total transaction of $1,297,213.92. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

NASDAQ AMAT opened at $51.68 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $47.30 billion, a P/E ratio of 11.61, a P/E/G ratio of 3.42 and a beta of 1.66. Applied Materials, Inc. has a 12-month low of $28.79 and a 12-month high of $52.62. The firm has a 50-day moving average price of $48.13 and a two-hundred day moving average price of $43.97.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Applied Materials had a net margin of 19.40% and a return on equity of 39.37%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. Equities analysts expect that Applied Materials, Inc. will post 3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, November 20th. Applied Materials’s dividend payout ratio is 18.88%.

A number of brokerages recently commented on AMAT. B. Riley set a $54.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus set a $57.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a report on Monday, August 26th. Susquehanna Bancshares set a $60.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a report on Friday, August 16th. Cowen restated an “outperform” rating and set a $55.00 price objective (up from $53.00) on shares of Applied Materials in a report on Friday, August 16th. Finally, Deutsche Bank lifted their price target on shares of Applied Materials from $44.00 to $47.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $51.48.

About Applied Materials

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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