Applied Materials, Inc. (AMAT) Holdings Cut by V Wealth Management LLC

V Wealth Management LLC lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,890 shares of the manufacturing equipment provider’s stock after selling 2,132 shares during the period. Applied Materials accounts for 1.1% of V Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. V Wealth Management LLC’s holdings in Applied Materials were worth $2,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Summit Financial Wealth Advisors LLC grew its holdings in Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after acquiring an additional 19 shares during the last quarter. Wunderlich Capital Managemnt grew its holdings in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after acquiring an additional 87 shares during the last quarter. Albion Financial Group UT lifted its position in shares of Applied Materials by 0.8% in the 2nd quarter. Albion Financial Group UT now owns 16,534 shares of the manufacturing equipment provider’s stock worth $683,000 after purchasing an additional 133 shares during the period. San Francisco Sentry Investment Group CA lifted its position in shares of Applied Materials by 1.5% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 11,859 shares of the manufacturing equipment provider’s stock worth $490,000 after purchasing an additional 173 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Applied Materials by 1.3% in the 2nd quarter. D.A. Davidson & CO. now owns 61,787 shares of the manufacturing equipment provider’s stock worth $2,552,000 after purchasing an additional 773 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction dated 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. Insiders sold 312,716 shares of company stock valued at $16,218,746 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Several equities research analysts have recently commented on the stock. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.00 target price for the company. in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $71.00 target price on shares of Applied Materials in a research report on Tuesday. Susquehanna Bancshares raised shares of Applied Materials from a “neutral” rating to a “positive” rating and raised their target price for the stock from $60.00 to $72.00 in a research report on Tuesday. UBS Group raised shares of Applied Materials from a “neutral” rating to a “positive” rating in a research report on Tuesday. Finally, BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.76.

Shares of Applied Materials, Inc. (AMAT) remained flat at $$57.40 during trading on Friday. The stock had a trading volume of 11,460,000 shares, compared to its average volume of 11,870,000. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $60,630.00, a PE ratio of 18.11, a PEG ratio of 1.12 and a beta of 1.81. Applied Materials, Inc. has a 12-month low of $33.56 and a 12-month high of $60.89.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. analysts predict that Applied Materials, Inc. will post 4.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.70%. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.

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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.

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

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