Barnett & Company Inc. Acquires 2,752 Shares of Applied Materials, Inc. (AMAT)
Barnett & Company Inc. raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 177.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,300 shares of the manufacturing equipment provider’s stock after acquiring an additional 2,752 shares during the quarter. Barnett & Company Inc.’s holdings in Applied Materials were worth $220,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Applied Materials during the 3rd quarter worth about $105,000. MPS Loria Financial Planners LLC acquired a new position in shares of Applied Materials during the 2nd quarter worth about $109,000. Cerebellum GP LLC acquired a new position in shares of Applied Materials during the 4th quarter worth about $122,000. Wunderlich Capital Managemnt increased its stake in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Applied Materials during the 2nd quarter worth about $134,000. Hedge funds and other institutional investors own 79.55% of the company’s stock.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $50.68 on Friday. 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 stock has a market cap of $50,790.00, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.72. Applied Materials, Inc. has a twelve month low of $34.58 and a twelve month high of $60.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s dividend payout ratio is currently 12.62%.
AMAT has been the topic of several recent analyst reports. Citigroup restated a “buy” rating and set a $58.00 price objective on shares of Applied Materials in a research note on Thursday, October 12th. Deutsche Bank restated a “buy” rating and set a $58.00 price objective on shares of Applied Materials in a research note on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $63.00 price target on shares of Applied Materials in a research note on Monday, November 13th. Finally, Bank of America upped their price target on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $62.56.
In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Forrest sold 4,000 shares of the business’s stock in a transaction dated 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 in the last three months. Insiders own 0.35% of the company’s stock.
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About Applied Materials
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.
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