Intellectus Partners LLC Sells 842 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Intellectus Partners LLC lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,096 shares of the manufacturing equipment provider’s stock after selling 842 shares during the period. Intellectus Partners LLC’s holdings in Applied Materials were worth $1,153,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Whale Rock Capital Management LLC bought a new position in shares of Applied Materials in the first quarter valued at approximately $403,729,000. Putnam Investments LLC lifted its holdings in shares of Applied Materials by 219.1% in the first quarter. Putnam Investments LLC now owns 4,080,100 shares of the manufacturing equipment provider’s stock valued at $545,101,000 after purchasing an additional 2,801,305 shares in the last quarter. FMR LLC lifted its holdings in shares of Applied Materials by 13.6% in the second quarter. FMR LLC now owns 21,693,309 shares of the manufacturing equipment provider’s stock valued at $3,089,127,000 after purchasing an additional 2,593,318 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Applied Materials during the first quarter valued at approximately $255,171,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Applied Materials by 25.9% during the first quarter. UBS Asset Management Americas Inc. now owns 7,559,093 shares of the manufacturing equipment provider’s stock valued at $1,009,895,000 after acquiring an additional 1,555,159 shares during the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

In other Applied Materials news, CFO Daniel Durn sold 6,000 shares of the stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $143.76, for a total value of $862,560.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ginetto Addiego sold 40,000 shares of the stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $134.83, for a total value of $5,393,200.00. The disclosure for this sale can be found here. Insiders sold a total of 51,000 shares of company stock worth $6,928,710 over the last ninety days. 0.37% of the stock is currently owned by insiders.

A number of analysts recently commented on AMAT shares. Susquehanna downgraded Applied Materials from a “positive” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $160.00 in a research report on Tuesday, September 14th. Mizuho raised their target price on Applied Materials from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. New Street Research lowered Applied Materials from a “buy” rating to a “neutral” rating and cut their price target for the stock from $162.38 to $140.00 in a report on Tuesday, September 28th. Morgan Stanley raised their price target on Applied Materials from $139.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, August 20th. Finally, Daiwa Capital Markets started coverage on Applied Materials in a research note on Thursday, August 19th. They set an “outperform” rating and a $140.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $152.39.

Shares of AMAT traded up $2.87 during mid-day trading on Thursday, reaching $131.08. The company had a trading volume of 169,099 shares, compared to its average volume of 8,473,251. The company has a market capitalization of $118.36 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. Applied Materials, Inc. has a 52 week low of $56.87 and a 52 week high of $146.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.17 and a current ratio of 2.98. The firm has a 50-day moving average price of $133.93 and a 200 day moving average price of $134.46.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Wednesday, August 18th. The manufacturing equipment provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $5.92 billion. Applied Materials had a return on equity of 49.27% and a net margin of 24.54%. During the same period in the prior year, the firm posted $1.06 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 6.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Friday, November 26th will be given a $0.24 dividend. The ex-dividend date is Wednesday, November 24th. This represents a $0.96 annualized dividend and a yield of 0.73%. Applied Materials’s dividend payout ratio (DPR) is presently 23.02%.

About Applied Materials

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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

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