Roundview Capital LLC Raises Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Roundview Capital LLC grew its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,597 shares of the manufacturing equipment provider’s stock after acquiring an additional 143 shares during the quarter. Roundview Capital LLC’s holdings in Applied Materials were worth $1,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMAT. Norges Bank purchased a new position in shares of Applied Materials in the fourth quarter valued at approximately $1,514,814,000. Vontobel Holding Ltd. lifted its position in shares of Applied Materials by 40.0% in the fourth quarter. Vontobel Holding Ltd. now owns 2,724,217 shares of the manufacturing equipment provider’s stock valued at $441,514,000 after acquiring an additional 778,716 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Applied Materials by 142.4% in the fourth quarter. National Bank of Canada FI now owns 1,140,314 shares of the manufacturing equipment provider’s stock valued at $176,029,000 after purchasing an additional 669,898 shares during the last quarter. Morgan Stanley increased its holdings in shares of Applied Materials by 6.0% in the third quarter. Morgan Stanley now owns 9,995,287 shares of the manufacturing equipment provider’s stock valued at $1,383,848,000 after purchasing an additional 570,080 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Applied Materials by 13,929.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,028 shares of the manufacturing equipment provider’s stock valued at $834,710,000 after purchasing an additional 511,357 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group cut Applied Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $215.00 to $210.00 in a report on Monday, May 13th. Wells Fargo & Company increased their price target on Applied Materials from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Evercore ISI assumed coverage on Applied Materials in a report on Tuesday, April 16th. They issued an “outperform” rating and a $260.00 price target for the company. Citigroup increased their price target on Applied Materials from $170.00 to $211.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Raymond James raised their target price on Applied Materials from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Applied Materials currently has an average rating of “Moderate Buy” and a consensus target price of $215.64.

Get Our Latest Report on Applied Materials

Applied Materials Stock Down 1.1 %

AMAT traded down $2.51 on Thursday, hitting $216.54. 4,060,265 shares of the company were exchanged, compared to its average volume of 5,763,106. Applied Materials, Inc. has a twelve month low of $129.21 and a twelve month high of $225.07. The company has a market cap of $179.29 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 2.89 and a beta of 1.58. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $207.63 and a two-hundred day moving average price of $183.73.

Applied Materials (NASDAQ:AMATGet Free Report) last released its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.54 billion. During the same period in the previous year, the firm posted $2.00 EPS. Applied Materials’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts predict that Applied Materials, Inc. will post 8.32 earnings per share for the current year.

Applied Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.40 per share. This is a boost from Applied Materials’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 22nd. Applied Materials’s dividend payout ratio is currently 18.39%.

Insider Transactions at Applied Materials

In other news, CFO Brice Hill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total transaction of $4,446,800.00. Following the completion of the transaction, the chief financial officer now directly owns 108,356 shares of the company’s stock, valued at approximately $24,091,873.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

About Applied Materials

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company 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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