D L Carlson Investment Group Inc. Sells 10,000 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

D L Carlson Investment Group Inc. decreased its stake in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,039 shares of the manufacturing equipment provider’s stock after selling 10,000 shares during the period. D L Carlson Investment Group Inc.’s holdings in Applied Materials were worth $3,572,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Heritage Wealth Advisors grew its holdings in Applied Materials by 1.0% during the fourth quarter. Heritage Wealth Advisors now owns 5,217 shares of the manufacturing equipment provider’s stock worth $846,000 after purchasing an additional 54 shares during the period. Mechanics Financial Corp grew its holdings in Applied Materials by 1.7% during the fourth quarter. Mechanics Financial Corp now owns 3,957 shares of the manufacturing equipment provider’s stock worth $641,000 after purchasing an additional 65 shares during the period. Catalyst Financial Partners LLC grew its holdings in Applied Materials by 1.5% during the fourth quarter. Catalyst Financial Partners LLC now owns 4,496 shares of the manufacturing equipment provider’s stock worth $729,000 after purchasing an additional 65 shares during the period. Parallel Advisors LLC grew its holdings in Applied Materials by 0.4% during the fourth quarter. Parallel Advisors LLC now owns 15,262 shares of the manufacturing equipment provider’s stock worth $2,474,000 after purchasing an additional 66 shares during the period. Finally, Kaizen Financial Strategies grew its holdings in Applied Materials by 2.0% during the fourth quarter. Kaizen Financial Strategies now owns 3,733 shares of the manufacturing equipment provider’s stock worth $605,000 after purchasing an additional 72 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In other Applied Materials news, SVP Teri A. Little sold 2,500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $221.62, for a total transaction of $554,050.00. Following the sale, the senior vice president now owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Teri A. Little sold 2,500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $221.62, for a total value of $554,050.00. Following the sale, the senior vice president now owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brice Hill sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total transaction of $4,446,800.00. Following the completion of the sale, the chief financial officer now directly owns 108,356 shares in the company, valued at approximately $24,091,873.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $6,598,500. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMAT shares. Barclays upgraded Applied Materials from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $165.00 to $225.00 in a report on Wednesday, June 5th. Citigroup boosted their price objective on Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft started coverage on Applied Materials in a report on Thursday, April 11th. They set a “hold” rating and a $225.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Applied Materials in a report on Friday, May 17th. Finally, B. Riley boosted their price objective on Applied Materials from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $219.04.

Get Our Latest Stock Report on Applied Materials

Applied Materials Price Performance

AMAT traded up $0.27 during trading on Friday, hitting $237.82. 1,674,748 shares of the stock traded hands, compared to its average volume of 5,713,806. Applied Materials, Inc. has a twelve month low of $129.21 and a twelve month high of $238.40. The company has a market cap of $196.91 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 1.97. The business has a 50 day moving average price of $211.04 and a 200 day moving average price of $188.78.

Applied Materials (NASDAQ:AMATGet Free Report) last posted its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Equities research analysts forecast that Applied Materials, Inc. will post 8.31 earnings per share for the current fiscal year.

Applied Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.67%. Applied Materials’s payout ratio is presently 18.39%.

Applied Materials Company Profile

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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