OptiFour Integrated Wealth Management LLC acquired a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,350 shares of the manufacturing equipment provider’s stock, valued at approximately $204,000.
Several other large investors have also recently modified their holdings of AMAT. Nuveen Asset Management LLC boosted its holdings in shares of Applied Materials by 2,914.1% during the second quarter. Nuveen Asset Management LLC now owns 11,359,951 shares of the manufacturing equipment provider’s stock worth $510,176,000 after acquiring an additional 10,983,055 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Applied Materials by 34.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 28,351,337 shares of the manufacturing equipment provider’s stock valued at $1,273,259,000 after buying an additional 7,230,052 shares in the last quarter. AQR Capital Management LLC raised its holdings in Applied Materials by 49.4% in the 2nd quarter. AQR Capital Management LLC now owns 8,459,335 shares of the manufacturing equipment provider’s stock valued at $379,909,000 after acquiring an additional 2,797,005 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in Applied Materials by 66.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,071,712 shares of the manufacturing equipment provider’s stock valued at $103,378,000 after acquiring an additional 823,448 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Applied Materials during the 3rd quarter valued at $38,763,000. Institutional investors own 79.70% of the company’s stock.
Applied Materials stock traded up $1.02 during trading hours on Thursday, hitting $62.95. The stock had a trading volume of 2,298,638 shares, compared to its average volume of 5,254,516. The company has a quick ratio of 1.51, a current ratio of 2.30 and a debt-to-equity ratio of 0.57. The stock has a market cap of $57.07 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.02 and a beta of 1.66. Applied Materials, Inc. has a one year low of $33.25 and a one year high of $63.54. The business’s 50 day simple moving average is $59.93 and its 200-day simple moving average is $52.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 19th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Applied Materials’s dividend payout ratio (DPR) is presently 27.63%.
In other Applied Materials news, SVP Prabu G. Raja sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $60.73, for a total value of $3,036,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary E. Dickerson sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $61.11, for a total transaction of $61,110,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,053,000 shares of company stock worth $64,335,080. 0.44% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the company. Morgan Stanley increased their target price on Applied Materials from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Zacks Investment Research upgraded shares of Applied Materials from a “sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research note on Tuesday, October 29th. UBS Group lowered shares of Applied Materials from a “neutral” rating to a “sell” rating in a report on Wednesday, November 27th. Argus restated a “buy” rating and issued a $72.00 target price on shares of Applied Materials in a research report on Monday, November 18th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $64.10.
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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