KCS Wealth Advisory acquired a new position in Applied Materials, Inc. (NASDAQ:AMAT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,427 shares of the manufacturing equipment provider’s stock, valued at approximately $738,000.

Other large investors have also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Applied Materials in the third quarter worth about $105,000. MPS Loria Financial Planners LLC purchased a new position in Applied Materials during the second quarter valued at approximately $109,000. Wunderlich Capital Managemnt raised its position in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Applied Materials during the second quarter valued at approximately $134,000. Finally, First Personal Financial Services raised its position in Applied Materials by 281.5% during the third 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 in the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up $0.25 during trading on Friday, hitting $53.45. The stock had a trading volume of 9,070,000 shares, compared to its average volume of 12,440,000. The stock has a market capitalization of $56,460.00, a PE ratio of 16.86, a PEG ratio of 1.07 and a beta of 1.81. Applied Materials, Inc. has a 1-year low of $32.60 and a 1-year high of $60.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. equities analysts forecast that Applied Materials, Inc. will post 4.04 EPS for the current fiscal 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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

Several research analysts recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $61.00 price target on shares of Applied Materials in a research report on Wednesday, September 20th. BidaskClub cut Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr upgraded Applied Materials from a “hold” rating to a “buy” rating and set a $49.11 price target for the company in a research report on Friday, September 22nd. Berenberg Bank reiterated a “buy” rating and set a $52.00 price target on shares of Applied Materials in a research report on Thursday, September 28th. Finally, Citigroup lifted their price target on Applied Materials from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.22.

In other news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen R. Forrest sold 4,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, January 3rd. The stock was 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. Insiders sold 312,716 shares of company stock valued at $16,218,746 over the last 90 days. Company insiders own 0.31% of the company’s stock.

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About Applied Materials

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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