First Dallas Securities Inc. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the 4th quarter, HoldingsChannel.com reports. The fund bought 16,750 shares of the manufacturing equipment provider’s stock, valued at approximately $856,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Egerton Capital UK LLP lifted its stake in shares of Applied Materials by 23.2% during the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after buying an additional 3,184,994 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Applied Materials by 5.7% during the third quarter. Janus Henderson Group PLC now owns 12,097,037 shares of the manufacturing equipment provider’s stock worth $630,146,000 after buying an additional 650,755 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Applied Materials by 2.2% during the third quarter. Epoch Investment Partners Inc. now owns 10,859,674 shares of the manufacturing equipment provider’s stock worth $565,681,000 after buying an additional 235,793 shares during the period. Prudential Financial Inc. lifted its stake in shares of Applied Materials by 1.1% during the third quarter. Prudential Financial Inc. now owns 6,119,749 shares of the manufacturing equipment provider’s stock worth $318,778,000 after buying an additional 64,186 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Applied Materials by 2.5% during the third quarter. Legal & General Group Plc now owns 5,651,969 shares of the manufacturing equipment provider’s stock worth $294,389,000 after buying an additional 135,447 shares during the period. Institutional investors own 79.30% of the company’s stock.

Several equities research analysts have recently commented on AMAT shares. Susquehanna Bancshares upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $60.00 to $72.00 in a research note on Tuesday, January 16th. Royal Bank of Canada reiterated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America lifted their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $71.00 price objective on shares of Applied Materials in a research note on Tuesday, January 16th. Finally, Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $59.06 price objective for the company in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.56.

Applied Materials, Inc. (NASDAQ:AMAT) opened at $48.08 on Monday. Applied Materials, Inc. has a fifty-two week low of $34.58 and a fifty-two week 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. The firm has a market cap of $50,570.69, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.94 and a beta of 1.72.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. 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 Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Applied Materials’s payout ratio is 12.62%.

In other news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Omkaram Nalamasu sold 53,466 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,833,698.00. The disclosure for this sale can be found here. Insiders sold 312,716 shares of company stock valued at $16,218,746 in the last ninety days. 0.35% of the stock is owned by corporate insiders.

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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.

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

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