2,012 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Purchased by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,012 shares of the manufacturing equipment provider’s stock, valued at approximately $292,000.

Other large investors also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in Applied Materials by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider’s stock worth $1,663,780,000 after buying an additional 1,602,645 shares during the period. Nuveen LLC purchased a new stake in Applied Materials in the first quarter worth about $1,085,600,000. Deutsche Bank AG lifted its holdings in Applied Materials by 20.7% in the first quarter. Deutsche Bank AG now owns 7,189,402 shares of the manufacturing equipment provider’s stock worth $1,043,326,000 after buying an additional 1,235,097 shares during the period. Davis Selected Advisers lifted its holdings in Applied Materials by 6.0% in the first quarter. Davis Selected Advisers now owns 4,993,172 shares of the manufacturing equipment provider’s stock worth $724,609,000 after buying an additional 280,955 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Applied Materials by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,830,923 shares of the manufacturing equipment provider’s stock worth $701,064,000 after buying an additional 25,878 shares during the period. 80.56% of the stock is owned by institutional investors.

Applied Materials Price Performance

Shares of NASDAQ AMAT opened at $184.87 on Monday. Applied Materials, Inc. has a twelve month low of $123.74 and a twelve month high of $215.70. The firm has a market cap of $148.36 billion, a P/E ratio of 22.49, a PEG ratio of 2.06 and a beta of 1.70. The company has a 50 day moving average of $182.16 and a 200 day moving average of $166.39. The company has a quick ratio of 1.76, a current ratio of 2.46 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, May 15th. The manufacturing equipment provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.08. Applied Materials had a net margin of 24.06% and a return on equity of 40.15%. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $2.09 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials’s payout ratio is 22.38%.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of Applied Materials stock in a transaction that occurred on Tuesday, June 24th. The shares were 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 owned 5,300 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AMAT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Applied Materials from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, May 16th. Rothschild & Co Redburn lowered shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Monday, July 7th. The Goldman Sachs Group initiated coverage on shares of Applied Materials in a report on Thursday, July 10th. They issued a “buy” rating and a $225.00 price objective for the company. Morgan Stanley raised their price objective on shares of Applied Materials from $158.00 to $169.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Finally, Barclays lifted their target price on shares of Applied Materials from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Applied Materials currently has an average rating of “Moderate Buy” and an average target price of $204.09.

Applied Materials Company Profile

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.