Applied Materials, Inc. (NASDAQ:AMAT) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 31.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 164,751 shares of the manufacturing equipment provider’s stock after acquiring an additional 39,194 shares during the quarter. Applied Materials makes up about 0.5% of Gotham Asset Management LLC’s holdings, making the stock its 15th largest holding. Gotham Asset Management LLC’s holdings in Applied Materials were worth $22,810,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMAT. Impact Partnership Wealth LLC increased its holdings in shares of Applied Materials by 2.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,900 shares of the manufacturing equipment provider’s stock worth $402,000 after acquiring an additional 73 shares during the period. Redwood Financial Network Corp increased its stake in shares of Applied Materials by 4.6% in the third quarter. Redwood Financial Network Corp now owns 1,721 shares of the manufacturing equipment provider’s stock valued at $238,000 after purchasing an additional 75 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Applied Materials by 1.8% during the third quarter. Kingswood Wealth Advisors LLC now owns 4,343 shares of the manufacturing equipment provider’s stock worth $601,000 after buying an additional 76 shares during the period. Glenview Trust co grew its holdings in Applied Materials by 0.3% in the 3rd quarter. Glenview Trust co now owns 28,027 shares of the manufacturing equipment provider’s stock worth $3,880,000 after buying an additional 77 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its position in Applied Materials by 2.3% in the 2nd quarter. Soltis Investment Advisors LLC now owns 3,458 shares of the manufacturing equipment provider’s stock valued at $500,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Insider Buying and Selling

In other news, SVP Omkaram Nalamasu sold 23,228 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $162.45, for a total transaction of $3,773,388.60. Following the transaction, the senior vice president now directly owns 190,972 shares in the company, valued at approximately $31,023,401.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMAT. Barclays boosted their price target on Applied Materials from $120.00 to $140.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 16th. UBS Group raised their target price on shares of Applied Materials from $180.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. TD Cowen upped their price target on shares of Applied Materials from $185.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. B. Riley raised their price objective on shares of Applied Materials from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Redburn Atlantic raised Applied Materials from a “neutral” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.75.

Check Out Our Latest Research Report on Applied Materials

Applied Materials Trading Down 2.6 %

Applied Materials stock traded down $5.32 during midday trading on Wednesday, reaching $197.54. The stock had a trading volume of 6,205,132 shares, compared to its average volume of 6,959,640. Applied Materials, Inc. has a twelve month low of $109.00 and a twelve month high of $206.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.71 and a quick ratio of 1.91. The firm has a market cap of $164.37 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.11 and a beta of 1.55. The firm’s fifty day simple moving average is $169.60 and its two-hundred day simple moving average is $153.38.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The manufacturing equipment provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.23. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.48 billion. Applied Materials had a return on equity of 43.56% and a net margin of 27.03%. Applied Materials’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 earnings per share. Equities analysts anticipate that Applied Materials, Inc. will post 7.94 EPS for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, February 21st. Applied Materials’s dividend payout ratio (DPR) is 15.06%.

About Applied Materials

(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.

Further Reading

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)

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