Sicart Associates LLC Purchases 20,000 Shares of Applied Materials, Inc. (AMAT)
Sicart Associates LLC lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 68.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,130 shares of the manufacturing equipment provider’s stock after buying an additional 20,000 shares during the quarter. Applied Materials makes up 1.3% of Sicart Associates LLC’s investment portfolio, making the stock its 21st largest position. Sicart Associates LLC’s holdings in Applied Materials were worth $2,512,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMAT. Bahl & Gaynor Inc. grew its holdings in shares of Applied Materials by 20.7% during the second quarter. Bahl & Gaynor Inc. now owns 7,515 shares of the manufacturing equipment provider’s stock worth $243,000 after buying an additional 1,290 shares in the last quarter. Capital Growth Management LP acquired a new stake in shares of Applied Materials in the second quarter worth approximately $31,809,000. GSA Capital Partners LLP boosted its position in shares of Applied Materials by 90.4% in the second quarter. GSA Capital Partners LLP now owns 221,855 shares of the manufacturing equipment provider’s stock worth $9,165,000 after acquiring an additional 105,333 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Applied Materials by 1.3% in the second quarter. D.A. Davidson & CO. now owns 61,787 shares of the manufacturing equipment provider’s stock worth $2,552,000 after acquiring an additional 773 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Applied Materials by 2.3% in the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after acquiring an additional 1,721,964 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.
Applied Materials, Inc. (AMAT) traded up $2.60 during midday trading on Wednesday, hitting $57.10. 11,947,009 shares of the stock were exchanged, compared to its average volume of 11,599,380. Applied Materials, Inc. has a twelve month low of $33.09 and a twelve month 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 firm has a market capitalization of $60,070.00, a PE ratio of 18.01, a P/E/G ratio of 1.05 and a beta of 1.81.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a $0.10 dividend. 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 (DPR) is presently 12.62%.
Several equities research analysts recently issued reports on the stock. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 target price on the stock in a research report on Monday, November 20th. B. Riley reissued a “buy” rating and issued a $63.00 target price on shares of Applied Materials in a research report on Monday, November 13th. JPMorgan Chase & Co. raised their target price on shares of Applied Materials to $70.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Zacks Investment Research raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, November 28th. Finally, Craig Hallum reissued a “buy” rating and issued a $76.00 target price (up from $60.00) on shares of Applied Materials in a research report on Thursday, September 28th. One 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’s stock. Applied Materials presently has an average rating of “Buy” and an average target price of $62.74.
In related news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction on Friday, December 29th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 312,716 shares of company stock valued at $16,218,746. Insiders own 0.31% of the company’s stock.
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Applied Materials Company Profile
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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