Guinness Asset Management LTD Acquires 18,055 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Guinness Asset Management LTD boosted its holdings in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,955 shares of the manufacturing equipment provider’s stock after buying an additional 18,055 shares during the period. Applied Materials makes up about 0.9% of Guinness Asset Management LTD’s investment portfolio, making the stock its 24th biggest position. Guinness Asset Management LTD’s holdings in Applied Materials were worth $44,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMAT. Norges Bank bought a new stake in Applied Materials during the fourth quarter worth $1,514,814,000. Wellington Management Group LLP grew its holdings in Applied Materials by 3,940.1% during the fourth quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock worth $352,626,000 after purchasing an additional 2,121,912 shares during the period. Vanguard Group Inc. increased its position in Applied Materials by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 74,117,176 shares of the manufacturing equipment provider’s stock worth $12,012,171,000 after buying an additional 973,218 shares during the last quarter. 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 buying an additional 778,716 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Applied Materials by 3.2% during the 4th quarter. Capital International Investors now owns 22,005,192 shares of the manufacturing equipment provider’s stock worth $3,566,418,000 after acquiring an additional 682,098 shares during the period. 80.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Teri A. Little sold 2,500 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $221.62, for a total transaction of $554,050.00. Following the completion of the transaction, the senior vice president now directly owns 76,212 shares in the company, valued at $16,890,103.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Applied Materials news, SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $221.62, for a total transaction of $554,050.00. Following the sale, the senior vice president now owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Teri A. Little sold 7,500 shares of Applied Materials stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $213.02, for a total value of $1,597,650.00. Following the completion of the transaction, the senior vice president now directly owns 78,712 shares of the company’s stock, valued at $16,767,230.24. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $6,598,500 over the last 90 days. 0.29% of the stock is owned by insiders.

Applied Materials Price Performance

Applied Materials stock traded down $4.58 during mid-day trading on Friday, reaching $235.41. The company had a trading volume of 15,389,140 shares, compared to its average volume of 4,735,734. The business has a fifty day simple moving average of $214.91 and a 200 day simple moving average of $192.62. The company has a market cap of $194.91 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.14 and a beta of 1.56. Applied Materials, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $249.42. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30.

Applied Materials (NASDAQ:AMATGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the company posted $2.00 EPS. Applied Materials’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Applied Materials, Inc. will post 8.31 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.68%. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Analysts Set New Price Targets

A number of research firms have commented on AMAT. Raymond James lifted their price objective on shares of Applied Materials from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Susquehanna increased their price target on shares of Applied Materials from $160.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Applied Materials in a report on Thursday, April 11th. They set a “hold” rating and a $225.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $260.00 target price on shares of Applied Materials in a research note on Friday, May 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Applied Materials in a research note on Friday, May 17th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.84.

Read Our Latest Stock Analysis on Applied Materials

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.

Read More

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMATFree Report).

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

Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.