Mathes Company Inc. increased its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 20.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,200 shares of the manufacturing equipment provider’s stock after acquiring an additional 6,225 shares during the quarter. Mathes Company Inc.’s holdings in Applied Materials were worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in Applied Materials by 604.2% during the fourth quarter. State of Alaska Department of Revenue now owns 118,510 shares of the manufacturing equipment provider’s stock worth $6,056,000 after buying an additional 101,680 shares in the last quarter. Jolley Asset Management LLC grew its holdings in Applied Materials by 1.6% during the fourth quarter. Jolley Asset Management LLC now owns 78,329 shares of the manufacturing equipment provider’s stock worth $4,004,000 after buying an additional 1,238 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Applied Materials by 30,757.9% during the fourth quarter. Acadian Asset Management LLC now owns 11,726 shares of the manufacturing equipment provider’s stock worth $599,000 after buying an additional 11,688 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Applied Materials by 25.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,814 shares of the manufacturing equipment provider’s stock worth $2,547,000 after buying an additional 10,200 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in Applied Materials by 5.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 29,028 shares of the manufacturing equipment provider’s stock worth $1,484,000 after buying an additional 1,548 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Shares of Applied Materials, Inc. (AMAT) remained flat at $$57.40 during midday trading on Friday. 11,458,359 shares of the company’s stock traded hands, compared to its average volume of 11,870,000. Applied Materials, Inc. has a 1 year low of $33.56 and a 1 year high of $60.89. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The stock has a market cap of $60,630.00, a PE ratio of 18.11, a PEG ratio of 1.12 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. equities analysts predict that Applied Materials, Inc. will post 4.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. Applied Materials’s dividend payout ratio is presently 12.62%.

In other news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ali Salehpour sold 125,125 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock worth $16,218,746 in the last ninety days. Insiders own 0.31% of the company’s stock.

Several equities research analysts recently issued reports on the company. Vetr downgraded Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 price target for the company. in a report on Tuesday, November 21st. Nomura reiterated a “buy” rating and set a $65.00 price target (up previously from $55.00) on shares of Applied Materials in a report on Tuesday, November 21st. Royal Bank of Canada boosted their price objective on Applied Materials from $55.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Credit Suisse Group boosted their price objective on Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Finally, Needham & Company LLC boosted their price objective on Applied Materials to $66.00 and gave the stock a “positive” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.76.

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

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