Applied Materials, Inc. (AMAT) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC reduced its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,948 shares of the manufacturing equipment provider’s stock after selling 2,364 shares during the period. Applied Materials accounts for about 1.1% of Wellington Shields Capital Management LLC’s holdings, making the stock its 11th biggest position. Wellington Shields Capital Management LLC’s holdings in Applied Materials were worth $7,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Applied Materials during the third quarter valued at about $105,000. MPS Loria Financial Planners LLC purchased a new stake in Applied Materials during the second quarter worth about $109,000. Cerebellum GP LLC purchased a new stake in Applied Materials during the fourth quarter worth about $122,000. Wunderlich Capital Managemnt increased its holdings in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Applied Materials during the second quarter worth about $134,000. 79.30% of the stock is currently owned by institutional investors.

In related news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 312,716 shares of company stock valued at $16,218,746. 0.35% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on AMAT. Stifel Nicolaus raised their price objective on shares of Applied Materials from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp restated an “overweight” rating and set a $74.00 price objective (up previously from $67.00) on shares of Applied Materials in a report on Thursday. Zacks Investment Research downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Vetr downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $57.92 price objective for the company. in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $63.56.

Applied Materials, Inc. (AMAT) opened at $52.20 on Thursday. The firm has a market cap of $54,740.00, a PE ratio of 16.47, a PEG ratio of 0.97 and a beta of 1.72. Applied Materials, Inc. has a 12 month low of $34.58 and a 12 month high of $60.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.98 by $0.08. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. During the same quarter in the previous year, the company earned $0.67 earnings per share. equities research analysts expect that Applied Materials, Inc. will post 4.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.53%. This is a boost from Applied Materials’s previous quarterly dividend of $0.10. Applied Materials’s payout ratio is currently 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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