Allen Capital Group LLC Has $226,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Allen Capital Group LLC increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,558 shares of the manufacturing equipment provider’s stock after purchasing an additional 189 shares during the period. Allen Capital Group LLC’s holdings in Applied Materials were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMAT. Skye Global Management LP bought a new position in Applied Materials during the 4th quarter worth approximately $45,862,000. Value Partners Investments Inc. boosted its position in shares of Applied Materials by 8.7% during the fourth quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider’s stock worth $1,608,000 after purchasing an additional 793 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new stake in shares of Applied Materials in the 1st quarter valued at $230,000. Townsquare Capital LLC raised its stake in Applied Materials by 15.6% during the 4th quarter. Townsquare Capital LLC now owns 71,577 shares of the manufacturing equipment provider’s stock worth $11,640,000 after buying an additional 9,672 shares during the period. Finally, TD Asset Management Inc. grew its stake in Applied Materials by 0.9% in the fourth quarter. TD Asset Management Inc. now owns 1,538,743 shares of the manufacturing equipment provider’s stock valued at $250,246,000 after acquiring an additional 13,667 shares during the period. Institutional investors own 80.56% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Adam Sanders sold 562 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Applied Materials Stock Down 2.2%

AMAT stock opened at $194.81 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $174.46 and its 200 day simple moving average is $165.59. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $233.32. The firm has a market capitalization of $156.34 billion, a PE ratio of 23.70, a PEG ratio of 2.22 and a beta of 1.69.

Applied Materials (NASDAQ:AMATGet Free Report) last announced its earnings results on Thursday, May 15th. The manufacturing equipment provider reported $2.39 EPS for the quarter, topping the consensus estimate of $2.31 by $0.08. The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.12 billion. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. Applied Materials’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. As a group, research analysts anticipate that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.94%. Applied Materials’s dividend payout ratio (DPR) is currently 22.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMAT. JPMorgan Chase & Co. cut their price objective on Applied Materials from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a research note on Friday, May 16th. The Goldman Sachs Group assumed coverage on shares of Applied Materials in a research report on Thursday, July 10th. They set a “buy” rating and a $225.00 price objective for the company. B. Riley cut their price objective on shares of Applied Materials from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 target price on shares of Applied Materials in a research note on Friday, May 16th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.74.

Get Our Latest Stock Report on AMAT

Applied Materials 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.

Featured Stories

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMATFree Report).

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.