Winthrop Advisory Group LLC purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,478 shares of the manufacturing equipment provider’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Roanoke Asset Management Corp NY increased its holdings in Applied Materials by 0.3% during the 4th quarter. Roanoke Asset Management Corp NY now owns 77,495 shares of the manufacturing equipment provider’s stock worth $2,537,000 after purchasing an additional 260 shares during the period. Providence First Trust Co increased its holdings in Applied Materials by 1.2% during the 4th quarter. Providence First Trust Co now owns 22,564 shares of the manufacturing equipment provider’s stock worth $739,000 after purchasing an additional 266 shares during the period. West Oak Capital LLC increased its holdings in Applied Materials by 6.7% during the 1st quarter. West Oak Capital LLC now owns 4,405 shares of the manufacturing equipment provider’s stock worth $175,000 after purchasing an additional 275 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Applied Materials by 2.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 10,076 shares of the manufacturing equipment provider’s stock worth $330,000 after purchasing an additional 280 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in Applied Materials by 6.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,706 shares of the manufacturing equipment provider’s stock worth $186,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

NASDAQ AMAT traded up $0.04 during midday trading on Tuesday, hitting $43.83. 5,174,990 shares of the company traded hands, compared to its average volume of 10,424,531. The company has a current ratio of 2.72, a quick ratio of 1.74 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $41.62 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.64. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $56.94.

Applied Materials (NASDAQ:AMAT) last announced its earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Applied Materials had a return on equity of 58.28% and a net margin of 23.50%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. On average, equities analysts predict that Applied Materials, Inc. will post 2.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 yield of 1.92%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a boost from Applied Materials’s previous quarterly dividend of $0.20. Applied Materials’s dividend payout ratio (DPR) is 17.98%.

Several research firms have commented on AMAT. Zacks Investment Research downgraded Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine downgraded Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Stifel Nicolaus reduced their price objective on Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, February 11th. BidaskClub upgraded Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, DZ Bank downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $49.90.

In other news, Director Stephen R. Forrest sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $42.45, for a total value of $84,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Omkaram Nalamasu sold 143,255 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $40.73, for a total value of $5,834,776.15. The disclosure for this sale can be found here. Insiders have sold a total of 170,255 shares of company stock worth $6,987,176 in the last ninety days. Insiders own 0.44% of the company’s stock.

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Applied Materials 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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