Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 8.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,826 shares of the manufacturing equipment provider’s stock after selling 159 shares during the period. Winthrop Advisory Group LLC’s holdings in Applied Materials were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMAT. Elmwood Wealth Management Inc. purchased a new stake in shares of Applied Materials during the second quarter worth about $28,000. Gleason Group Inc. raised its position in Applied Materials by 124.5% in the second quarter. Gleason Group Inc. now owns 229 shares of the manufacturing equipment provider’s stock valued at $33,000 after purchasing an additional 127 shares during the period. FinTrust Capital Advisors LLC raised its stake in shares of Applied Materials by 70.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 229 shares of the manufacturing equipment provider’s stock valued at $33,000 after acquiring an additional 95 shares during the period. Cypress Point Wealth Management LLC acquired a new position in Applied Materials during the 2nd quarter worth about $36,000. Finally, Rosenberg Matthew Hamilton boosted its position in Applied Materials by 42.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 282 shares of the manufacturing equipment provider’s stock valued at $36,000 after buying an additional 84 shares during the period. Institutional investors own 76.72% of the company’s stock.

In other news, CFO Daniel Durn sold 5,000 shares of Applied Materials stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $134.59, for a total value of $672,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ginetto Addiego sold 40,000 shares of Applied Materials 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 own 0.37% of the company’s stock.

Several research firms have recently weighed in on AMAT. Morgan Stanley boosted their target price on Applied Materials from $139.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, August 20th. Needham & Company LLC upped their price target on shares of Applied Materials from $153.00 to $166.00 and gave the company a “buy” rating in a report on Friday, November 19th. Zacks Investment Research lowered shares of Applied Materials from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research report on Tuesday. Mizuho increased 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. Finally, Cowen boosted their target price on shares of Applied Materials from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, November 19th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Applied Materials presently has a consensus rating of “Buy” and an average price target of $159.14.

NASDAQ:AMAT traded up $0.33 during trading hours on Thursday, hitting $149.01. 6,185,926 shares of the company’s stock traded hands, compared to its average volume of 8,250,205. The stock’s fifty day moving average price is $139.68 and its two-hundred day moving average price is $136.50. The firm has a market cap of $134.55 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.86 and a current ratio of 2.54. Applied Materials, Inc. has a twelve month low of $80.71 and a twelve month high of $159.00.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 18th. The manufacturing equipment provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.01). The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Applied Materials had a return on equity of 52.64% and a net margin of 25.53%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 7.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Friday, November 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, November 24th. Applied Materials’s dividend payout ratio (DPR) is currently 14.98%.

Applied Materials Profile

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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