TRUE Private Wealth Advisors Makes New $127,000 Investment in Applied Materials, Inc. (NASDAQ:AMAT)

TRUE Private Wealth Advisors bought a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,850 shares of the manufacturing equipment provider’s stock, valued at approximately $127,000.

Other large investors also recently bought and sold shares of the company. Jacobs & Co. CA increased its stake in Applied Materials by 11.7% in the second quarter. Jacobs & Co. CA now owns 102,415 shares of the manufacturing equipment provider’s stock valued at $4,599,000 after acquiring an additional 10,715 shares during the last quarter. Dundas Partners LLP increased its stake in Applied Materials by 2.6% in the second quarter. Dundas Partners LLP now owns 132,545 shares of the manufacturing equipment provider’s stock valued at $5,952,000 after acquiring an additional 3,330 shares during the last quarter. Close Asset Management Ltd increased its stake in Applied Materials by 9.4% in the second quarter. Close Asset Management Ltd now owns 129,685 shares of the manufacturing equipment provider’s stock valued at $5,825,000 after acquiring an additional 11,150 shares during the last quarter. Sandy Spring Bank increased its stake in Applied Materials by 57.4% in the second quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock valued at $35,000 after acquiring an additional 287 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Applied Materials by 18.4% in the second quarter. Advisory Services Network LLC now owns 13,245 shares of the manufacturing equipment provider’s stock valued at $595,000 after acquiring an additional 2,056 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Shares of NASDAQ:AMAT traded down $1.00 on Friday, reaching $46.16. 1,021,117 shares of the company traded hands, compared to its average volume of 9,044,130. The business’s 50-day simple moving average is $47.06 and its 200 day simple moving average is $42.49. Applied Materials, Inc. has a 52 week low of $28.79 and a 52 week high of $52.42. The stock has a market capitalization of $44.99 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.43 and a beta of 1.68. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65.



Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. Sell-side analysts expect that Applied Materials, Inc. will post 2.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. Applied Materials’s dividend payout ratio is currently 18.88%.

A number of research firms recently commented on AMAT. Bank of America reissued a “neutral” rating and issued a $52.00 target price (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 17th. Citigroup increased their target price on Applied Materials from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus set a $57.00 target price on Applied Materials and gave the company a “buy” rating in a research note on Monday. UBS Group increased their target price on Applied Materials from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $52.00 target price on shares of Applied Materials in a research note on Sunday, May 19th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.90.

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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