Rosenbaum Jay D. lessened its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 15.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,900 shares of the manufacturing equipment provider’s stock after selling 2,500 shares during the period. Rosenbaum Jay D.’s holdings in Applied Materials were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMAT. Moody National Bank Trust Division purchased a new position in shares of Applied Materials during the fourth quarter valued at about $25,000. Sontag Advisory LLC bought a new position in shares of Applied Materials in the 4th quarter valued at about $30,000. Bruderman Asset Management LLC bought a new position in shares of Applied Materials in the 4th quarter valued at about $31,000. Lenox Wealth Advisors LLC lifted its holdings in shares of Applied Materials by 73.7% in the 1st quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 331 shares during the last quarter. Finally, Mondrian Capital Management LLC bought a new position in shares of Applied Materials in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

A number of research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Applied Materials from $63.00 to $53.00 and set a “buy” rating for the company in a report on Monday, February 11th. Zacks Investment Research downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a report 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. Finally, DZ Bank downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Applied Materials has a consensus rating of “Hold” and an average price target of $49.90.

In other Applied Materials news, SVP Steve G. Ghanayem sold 25,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $42.70, for a total value of $1,067,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Forrest sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $42.45, for a total transaction of $84,900.00. The disclosure for this sale can be found here. Insiders have sold 170,255 shares of company stock valued at $6,987,176 over the last 90 days. 0.44% of the stock is currently owned by insiders.

AMAT stock traded up $0.21 during trading on Thursday, hitting $44.10. 41,216 shares of the company’s stock traded hands, compared to its average volume of 10,610,136. The company has a quick ratio of 1.74, a current ratio of 2.72 and a debt-to-equity ratio of 0.65. Applied Materials, Inc. has a 1 year low of $28.79 and a 1 year high of $56.94. The firm has a market cap of $41.67 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.69 and a beta of 1.64.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 22nd. This is an increase from Applied Materials’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. Applied Materials’s payout ratio is currently 17.98%.

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About Applied Materials

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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