Camarda Financial Advisors LLC Has $1.57 Million Stake in Applied Materials, Inc. (AMAT)
Camarda Financial Advisors LLC lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 9.5% during the 4th quarter, HoldingsChannel reports. The firm owned 30,758 shares of the manufacturing equipment provider’s stock after selling 3,224 shares during the quarter. Applied Materials comprises approximately 1.9% of Camarda Financial Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Camarda Financial Advisors LLC’s holdings in Applied Materials were worth $1,572,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Mosaic Family Wealth LLC grew its stake in Applied Materials by 56.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 984 shares in the last quarter. Gabelli Funds LLC grew its stake in Applied Materials by 1.2% in the fourth quarter. Gabelli Funds LLC now owns 87,000 shares of the manufacturing equipment provider’s stock worth $4,447,000 after purchasing an additional 1,000 shares in the last quarter. Telemus Capital LLC grew its stake in Applied Materials by 9.2% in the third quarter. Telemus Capital LLC now owns 12,162 shares of the manufacturing equipment provider’s stock worth $634,000 after purchasing an additional 1,020 shares in the last quarter. CAPROCK Group Inc. grew its stake in Applied Materials by 13.9% in the third quarter. CAPROCK Group Inc. now owns 8,595 shares of the manufacturing equipment provider’s stock worth $448,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO grew its stake in Applied Materials by 1.8% in the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 59,482 shares of the manufacturing equipment provider’s stock worth $3,098,000 after purchasing an additional 1,062 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on AMAT shares. UBS Group raised Applied Materials from a “neutral” rating to a “positive” rating in a research note on Tuesday, January 16th. Needham & Company LLC increased their price objective on Applied Materials to $66.00 and gave the stock a “positive” rating in a research note on Friday, November 17th. Susquehanna Bancshares raised Applied Materials from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $60.00 to $72.00 in a research note on Tuesday, January 16th. Zacks Investment Research cut Applied Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, ValuEngine raised Applied Materials from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.56.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. sell-side analysts expect that Applied Materials, Inc. will post 4.04 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. Applied Materials’s dividend payout ratio is presently 12.62%.
In other news, VP Omkaram Nalamasu sold 53,466 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,833,698.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Forrest sold 4,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $53.67, for a total value of $214,680.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 312,716 shares of company stock valued at $16,218,746. Company 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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