IPG Investment Advisors LLC purchased a new position in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,835 shares of the manufacturing equipment provider’s stock, valued at approximately $503,000.

Several other institutional investors have also modified their holdings of the business. Mosaic Family Wealth LLC lifted its stake in shares of Applied Materials by 56.1% during the 3rd quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after purchasing an additional 984 shares during the period. Gabelli Funds LLC lifted its stake in shares of Applied Materials by 1.2% during the 4th quarter. Gabelli Funds LLC now owns 87,000 shares of the manufacturing equipment provider’s stock worth $4,447,000 after purchasing an additional 1,000 shares during the period. Telemus Capital LLC lifted its stake in shares of Applied Materials by 9.2% during the 3rd quarter. Telemus Capital LLC now owns 12,162 shares of the manufacturing equipment provider’s stock worth $634,000 after purchasing an additional 1,020 shares during the period. CAPROCK Group Inc. lifted its stake in shares of Applied Materials by 13.9% during the 3rd quarter. CAPROCK Group Inc. now owns 8,595 shares of the manufacturing equipment provider’s stock worth $448,000 after purchasing an additional 1,046 shares during the period. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO lifted its stake in shares of Applied Materials by 1.8% during the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 59,482 shares of the manufacturing equipment provider’s stock worth $3,098,000 after purchasing an additional 1,062 shares during the period. 79.30% of the stock is currently owned by institutional investors.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $48.08 on Monday. Applied Materials, Inc. has a twelve month low of $34.58 and a twelve month high of $60.89. The stock has a market capitalization of $50,570.69, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.94 and a beta of 1.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. equities analysts anticipate that Applied Materials, Inc. will post 4.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.40 annualized dividend and a yield of 0.83%. Applied Materials’s dividend payout ratio is currently 12.62%.

Several brokerages recently weighed in on AMAT. Vetr lowered Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 target price on the stock. in a research report on Tuesday, November 21st. Nomura reaffirmed a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of Applied Materials in a research report on Tuesday, November 21st. Citigroup increased their target price on Applied Materials from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. BidaskClub lowered Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, ValuEngine raised Applied Materials from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $62.56.

In related news, VP Ali Salehpour sold 125,125 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 312,716 shares of company stock valued at $16,218,746. 0.35% of the stock is owned by insiders.

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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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