General Partner Inc. Has $210,000 Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

General Partner Inc. boosted its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATFree Report) by 47.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,017 shares of the manufacturing equipment provider’s stock after acquiring an additional 326 shares during the quarter. General Partner Inc.’s holdings in Applied Materials were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMAT. Norges Bank acquired a new stake in Applied Materials during the 4th quarter worth about $1,514,814,000. Wellington Management Group LLP raised its stake in shares of Applied Materials by 3,940.1% in the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock valued at $352,626,000 after acquiring an additional 2,121,912 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Applied Materials by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider’s stock valued at $12,012,171,000 after acquiring an additional 973,218 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Applied Materials by 40.0% in the 4th quarter. Vontobel Holding Ltd. now owns 2,724,217 shares of the manufacturing equipment provider’s stock valued at $441,514,000 after acquiring an additional 778,716 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Applied Materials by 3.2% in the 4th quarter. Capital International Investors now owns 22,005,192 shares of the manufacturing equipment provider’s stock valued at $3,566,418,000 after acquiring an additional 682,098 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Applied Materials

In related news, SVP Teri A. Little sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $213.02, for a total transaction of $1,597,650.00. Following the transaction, the senior vice president now directly owns 78,712 shares of the company’s stock, valued at approximately $16,767,230.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Applied Materials news, SVP Teri A. Little sold 2,500 shares of the 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 completion of the transaction, the senior vice president now directly owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Teri A. Little sold 7,500 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $213.02, for a total value of $1,597,650.00. Following the sale, the senior vice president now owns 78,712 shares in the company, valued at approximately $16,767,230.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,000 shares of company stock worth $6,598,500. Insiders own 0.29% of the company’s stock.

Applied Materials Stock Performance

Shares of NASDAQ AMAT traded up $3.42 during trading hours on Tuesday, reaching $246.28. 1,693,389 shares of the stock were exchanged, compared to its average volume of 5,687,072. The firm has a market capitalization of $203.91 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 3.10 and a beta of 1.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.80. Applied Materials, Inc. has a 52 week low of $129.21 and a 52 week high of $247.00. The stock’s fifty day simple moving average is $212.30 and its 200 day simple moving average is $190.61.

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

Applied Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.65%. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Wall Street Analysts Forecast Growth

AMAT has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Applied Materials from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group lifted their price objective on Applied Materials from $185.00 to $235.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Mizuho lifted their price objective on Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 17th. B. Riley boosted their price target on Applied Materials from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Applied Materials in a research note on Friday, May 17th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.04.

Check Out Our Latest Analysis on AMAT

About Applied Materials

(Free Report)

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.

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

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