Dakota Wealth Management Has $824,000 Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Dakota Wealth Management lessened its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,677 shares of the manufacturing equipment provider’s stock after selling 662 shares during the quarter. Dakota Wealth Management’s holdings in Applied Materials were worth $824,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Applied Materials during the 4th quarter valued at $1,588,422,000. GAMMA Investing LLC lifted its holdings in Applied Materials by 18,402.1% during the 1st quarter. GAMMA Investing LLC now owns 1,824,304 shares of the manufacturing equipment provider’s stock valued at $2,647,430,000 after purchasing an additional 1,814,444 shares during the last quarter. Northern Trust Corp lifted its holdings in Applied Materials by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,230,464 shares of the manufacturing equipment provider’s stock valued at $1,663,780,000 after purchasing an additional 1,602,645 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Applied Materials by 301.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,959,997 shares of the manufacturing equipment provider’s stock valued at $318,754,000 after purchasing an additional 1,471,953 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Applied Materials by 10,767.6% during the 4th quarter. Two Sigma Investments LP now owns 1,347,580 shares of the manufacturing equipment provider’s stock valued at $219,157,000 after purchasing an additional 1,335,180 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Insider Buying and Selling at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the company’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total transaction of $100,373.20. Following the completion of the sale, the chief accounting officer owned 5,300 shares in the company, valued at approximately $946,580. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Rothschild & Co Redburn downgraded Applied Materials from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Monday, July 7th. Bank of America dropped their target price on Applied Materials from $205.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. B. Riley decreased their price target on Applied Materials from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company raised their price target on Applied Materials from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $195.00 price target on shares of Applied Materials in a research report on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.74.

Applied Materials Stock Performance

NASDAQ:AMAT opened at $194.81 on Thursday. The stock’s 50-day moving average is $174.46 and its 200-day moving average is $165.59. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29. The stock has a market cap of $156.34 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.69. Applied Materials, Inc. has a 1-year low of $123.74 and a 1-year high of $233.32.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 15th. The manufacturing equipment provider reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.08. Applied Materials had a return on equity of 40.15% and a net margin of 24.06%. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 21st. Applied Materials’s payout ratio is 22.38%.

Applied Materials Profile

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.