Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 33.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,648 shares of the manufacturing equipment provider’s stock after buying an additional 1,917 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Applied Materials were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Applied Materials in the 4th quarter worth about $27,000. DSM Capital Partners LLC acquired a new position in shares of Applied Materials during the 4th quarter worth approximately $37,000. Accent Capital Management LLC acquired a new stake in Applied Materials in the 4th quarter valued at $41,000. Richardson Financial Services Inc. purchased a new stake in Applied Materials in the 4th quarter worth $43,000. Finally, First United Bank & Trust acquired a new position in Applied Materials during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Insider Transactions at Applied Materials

In other Applied Materials news, CFO Brice Hill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total transaction of $4,446,800.00. Following the completion of the sale, the chief financial officer now directly owns 108,356 shares of the company’s stock, valued at approximately $24,091,873.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $221.62, for a total transaction of $554,050.00. Following the transaction, the senior vice president now owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brice Hill sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total transaction of $4,446,800.00. Following the transaction, the chief financial officer now directly owns 108,356 shares in the company, valued at $24,091,873.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,827 shares of company stock worth $21,382,560. Company insiders own 0.29% of the company’s stock.

Applied Materials Stock Performance

Shares of AMAT stock opened at $234.27 on Wednesday. The company has a market cap of $193.97 billion, a P/E ratio of 26.93, a PEG ratio of 3.01 and a beta of 1.56. The firm has a fifty day moving average price of $215.89 and a 200 day moving average price of $194.47. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. Applied Materials, Inc. has a 12 month low of $129.21 and a 12 month high of $249.42.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Applied Materials, Inc. will post 8.31 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 annualized dividend and a yield of 0.68%. Applied Materials’s dividend payout ratio (DPR) is 18.39%.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $260.00 target price on shares of Applied Materials in a research note on Friday, May 17th. JPMorgan Chase & Co. lifted their price target on Applied Materials from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Mizuho lifted their target price on shares of Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Wells Fargo & Company boosted their price target on shares of Applied Materials from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Jefferies Financial Group lowered Applied Materials from a “buy” rating to a “hold” rating and dropped their price target for the company from $215.00 to $210.00 in a research report on Monday, May 13th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $221.84.

Applied Materials Company 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.