OptiFour Integrated Wealth Management LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,350 shares of the manufacturing equipment provider’s stock, valued at approximately $204,000.
Several other large investors have also recently modified their holdings of the company. Cerebellum GP LLC increased its position in Applied Materials by 1.9% in the 4th quarter. Cerebellum GP LLC now owns 9,041 shares of the manufacturing equipment provider’s stock valued at $552,000 after acquiring an additional 172 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Applied Materials by 5.9% in the third quarter. Quadrant Capital Group LLC now owns 3,837 shares of the manufacturing equipment provider’s stock valued at $181,000 after purchasing an additional 215 shares in the last quarter. Tiemann Investment Advisors LLC raised its position in Applied Materials by 4.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,763 shares of the manufacturing equipment provider’s stock worth $288,000 after purchasing an additional 226 shares during the last quarter. Park Avenue Securities LLC raised its position in Applied Materials by 3.9% in the 3rd quarter. Park Avenue Securities LLC now owns 6,564 shares of the manufacturing equipment provider’s stock worth $328,000 after purchasing an additional 244 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its position in Applied Materials by 3.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,725 shares of the manufacturing equipment provider’s stock worth $347,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 79.70% of the company’s stock.
In other news, SVP Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $60.73, for a total value of $3,036,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary E. Dickerson sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $61.11, for a total transaction of $61,110,000.00. The disclosure for this sale can be found here. Insiders sold 1,053,000 shares of company stock valued at $64,335,080 over the last 90 days. Corporate insiders own 0.44% of the company’s stock.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 14th. The manufacturing equipment provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.68 billion. Applied Materials had a net margin of 18.52% and a return on equity of 35.13%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, equities research analysts anticipate that Applied Materials, Inc. will post 3.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 19th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Applied Materials’s payout ratio is 27.63%.
Several equities research analysts have recently commented on AMAT shares. Bank of America raised Applied Materials from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. DA Davidson boosted their price objective on Applied Materials to $55.00 and gave the stock a “positive” rating in a report on Friday, November 15th. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 1st. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a research report on Tuesday, October 29th. Finally, UBS Group lowered shares of Applied Materials from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Applied Materials has an average rating of “Buy” and a consensus target price of $64.10.
Applied Materials Company Profile
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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