Wedbush Securities Inc. boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,761 shares of the manufacturing equipment provider’s stock after buying an additional 2,366 shares during the quarter. Wedbush Securities Inc.’s holdings in Applied Materials were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMAT. Norges Bank purchased a new position in Applied Materials in the 4th quarter valued at about $407,503,000. Oregon Public Employees Retirement Fund lifted its stake in Applied Materials by 3,039.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,203,498 shares of the manufacturing equipment provider’s stock worth $251,000 after purchasing an additional 7,942,210 shares in the last quarter. FMR LLC lifted its stake in Applied Materials by 52.1% in the 4th quarter. FMR LLC now owns 22,370,392 shares of the manufacturing equipment provider’s stock worth $732,406,000 after purchasing an additional 7,664,767 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Applied Materials by 47.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock worth $785,997,000 after purchasing an additional 6,531,516 shares in the last quarter. Finally, Parnassus Investments CA lifted its stake in Applied Materials by 139.3% in the 4th quarter. Parnassus Investments CA now owns 6,700,000 shares of the manufacturing equipment provider’s stock worth $219,358,000 after purchasing an additional 3,900,000 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

AMAT has been the topic of a number of research reports. Stifel Nicolaus decreased their target price on shares of Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, February 11th. BidaskClub raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Argus reissued a “buy” rating on shares of Applied Materials in a research note on Tuesday, February 19th. Needham & Company LLC reissued a “buy” rating on shares of Applied Materials in a research note on Sunday, January 6th. Finally, ValuEngine raised shares of Applied Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. Applied Materials presently has a consensus rating of “Buy” and a consensus price target of $49.90.

AMAT stock opened at $43.95 on Monday. The company has a market cap of $41.73 billion, a PE ratio of 9.88, a PEG ratio of 1.84 and a beta of 1.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.74 and a current ratio of 2.72. Applied Materials, Inc. has a one year low of $28.79 and a one year high of $56.94.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.71 billion. Applied Materials had a net margin of 23.50% and a return on equity of 58.28%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. Analysts forecast that Applied Materials, Inc. will post 2.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, May 22nd. This is a positive change from Applied Materials’s previous quarterly dividend of $0.20. Applied Materials’s payout ratio is presently 17.98%.

In other news, SVP Steve G. Ghanayem sold 25,000 shares of Applied Materials stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.70, for a total transaction of $1,067,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Omkaram Nalamasu sold 143,255 shares of Applied Materials stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $40.73, for a total transaction of $5,834,776.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,255 shares of company stock worth $6,987,176. Corporate insiders own 0.44% of the company’s stock.

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Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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

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