Ossiam lifted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 88.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,507 shares of the manufacturing equipment provider’s stock after purchasing an additional 4,003 shares during the quarter. Ossiam’s holdings in Applied Materials were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in AMAT. Princeton Global Asset Management LLC acquired a new stake in Applied Materials in the 1st quarter valued at $27,000. Cable Hill Partners LLC boosted its stake in Applied Materials by 378.4% in the 1st quarter. Cable Hill Partners LLC now owns 799 shares of the manufacturing equipment provider’s stock valued at $32,000 after buying an additional 632 shares in the last quarter. Front Row Advisors LLC boosted its stake in Applied Materials by 283.6% in the 1st quarter. Front Row Advisors LLC now owns 821 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 607 shares in the last quarter. Sandy Spring Bank boosted its stake in Applied Materials by 57.4% in the 2nd quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock valued at $35,000 after buying an additional 287 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in Applied Materials in the 2nd quarter valued at $35,000. 79.88% of the stock is currently owned by institutional investors.
Shares of AMAT stock traded down $0.31 on Thursday, reaching $51.25. 554,454 shares of the stock were exchanged, compared to its average volume of 9,825,915. The stock has a market cap of $46.27 billion, a PE ratio of 11.52, a P/E/G ratio of 3.38 and a beta of 1.66. Applied Materials, Inc. has a one year low of $28.79 and a one year high of $52.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.65 and a quick ratio of 1.72. The stock has a 50 day moving average price of $48.06 and a 200 day moving average price of $43.53.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. Applied Materials’s payout ratio is currently 18.88%.
In other news, Director Dennis D. Powell sold 25,218 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $51.44, for a total transaction of $1,297,213.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen R. Forrest sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.00, for a total value of $138,000.00. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Several analysts recently commented on AMAT shares. Bank of America reaffirmed a “neutral” rating and issued a $52.00 price target (up previously from $45.00) on shares of Applied Materials in a research note on Friday, May 17th. Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a research report on Thursday, June 20th. Citigroup lifted their price objective on Applied Materials from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Craig Hallum downgraded Applied Materials from a “buy” rating to a “hold” rating and cut their price objective for the company from $47.00 to $46.00 in a research report on Friday, August 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Applied Materials in a research report on Sunday, August 18th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Applied Materials currently has a consensus rating of “Buy” and a consensus price target of $51.00.
Applied Materials Profile
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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