Applied Materials, Inc. (AMAT) Shares Sold by Affinity Investment Advisors LLC
Affinity Investment Advisors LLC lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 130,415 shares of the manufacturing equipment provider’s stock after selling 11,789 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Applied Materials were worth $6,667,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC bought a new position in Applied Materials during the 3rd quarter valued at about $105,000. Cerebellum GP LLC bought a new position in Applied Materials during the 4th quarter valued at about $122,000. MPS Loria Financial Planners LLC bought a new position in Applied Materials during the 2nd quarter valued at about $109,000. First Personal Financial Services lifted its stake in Applied Materials by 281.5% during the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after acquiring an additional 1,900 shares during the period. Finally, Zions Bancorporation lifted its stake in Applied Materials by 349.1% during the 3rd quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after acquiring an additional 2,049 shares during the period. Institutional investors and hedge funds own 80.07% of the company’s stock.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $45.75 on Friday. The stock has a market cap of $48,200.00, a P/E ratio of 14.43, a P/E/G ratio of 0.98 and a beta of 1.72. Applied Materials, Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s dividend payout ratio is 12.62%.
In related news, VP Ali Salehpour sold 125,125 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen R. Forrest sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $53.67, for a total transaction of $214,680.00. The disclosure for this sale can be found here. Insiders sold a total of 312,716 shares of company stock valued at $16,218,746 over the last three months. 0.35% of the stock is currently owned by insiders.
AMAT has been the topic of several research analyst reports. Wells Fargo & Co initiated coverage on shares of Applied Materials in a research note on Tuesday, December 5th. They set an “outperform” rating and a $65.00 target price on the stock. UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating in a research note on Tuesday, January 16th. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.00 price objective on the stock. in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Friday, December 15th. Finally, B. Riley reiterated a “buy” rating and issued a $71.00 price objective on shares of Applied Materials in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Applied Materials has an average rating of “Buy” and a consensus price target of $62.56.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/applied-materials-inc-amat-shares-sold-by-affinity-investment-advisors-llc/1853922.html.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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: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.