Pennsylvania Trust Co increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 362.1% in the 4th quarter, Holdings Channel reports. The firm owned 59,457 shares of the manufacturing equipment provider’s stock after purchasing an additional 46,591 shares during the quarter. Pennsylvania Trust Co’s holdings in Applied Materials were worth $3,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its holdings in Applied Materials by 390.4% in the 2nd quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after acquiring an additional 9,112,328 shares in the last quarter. Egerton Capital UK LLP raised its holdings in Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after acquiring an additional 3,184,994 shares in the last quarter. Capital Research Global Investors raised its holdings in Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after acquiring an additional 2,284,836 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Applied Materials by 108.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,690,615 shares of the manufacturing equipment provider’s stock valued at $152,459,000 after acquiring an additional 1,922,233 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Applied Materials in the 3rd quarter valued at $97,804,000. 79.77% of the stock is owned by institutional investors and hedge funds.

In other Applied Materials news, Director Stephen R. Forrest sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $53.67, for a total value of $214,680.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ali Salehpour sold 125,125 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock worth $16,218,746 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on AMAT shares. Wells Fargo & Co started coverage on Applied Materials in a report on Tuesday, December 5th. They issued an “outperform” rating and a $65.00 price objective for the company. Vetr cut Applied Materials from a “strong-buy” rating to a “buy” rating and set a $62.50 price objective for the company. in a report on Monday, January 8th. Zacks Investment Research raised Applied Materials from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a report on Friday, December 15th. Bank of America lifted their price objective on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Credit Suisse Group lifted their price objective on Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $62.76.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $57.34 on Thursday. The firm has a market capitalization of $60,570.00, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.07 and a beta of 1.81. Applied Materials, Inc. has a 52-week low of $33.53 and a 52-week high of $60.89. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. Applied Materials’s dividend payout ratio is currently 12.62%.

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Applied Materials 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.

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

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