Stephens Inc. AR boosted its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 20,076 shares of the manufacturing equipment provider’s stock after buying an additional 1,775 shares during the quarter. Stephens Inc. AR’s holdings in Applied Materials were worth $1,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMAT. Egerton Capital UK LLP increased 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 purchasing an additional 3,184,994 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Applied Materials in the 3rd quarter valued at $97,804,000. Nordea Investment Management AB increased its holdings in Applied Materials by 192.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,652,089 shares of the manufacturing equipment provider’s stock valued at $86,057,000 after purchasing an additional 1,087,432 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Applied Materials in the 4th quarter valued at $49,523,000. Finally, Artisan Partners Limited Partnership acquired a new stake in Applied Materials in the 3rd quarter valued at $48,626,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $48.08 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The firm has a market capitalization of $50,570.69, a PE ratio of 14.79, a PEG ratio of 0.94 and a beta of 1.72. Applied Materials, Inc. has a 52 week low of $34.58 and a 52 week high of $60.89.

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

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

In other news, VP Omkaram Nalamasu sold 53,466 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,833,698.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock worth $16,218,746 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Several brokerages recently issued reports on AMAT. ValuEngine upgraded Applied Materials from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr downgraded Applied Materials from a “strong-buy” rating to a “buy” rating and set a $57.92 price target for the company. in a report on Thursday, February 1st. BidaskClub downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. B. Riley reiterated a “buy” rating and issued a $71.00 price target on shares of Applied Materials in a report on Tuesday, January 16th. Finally, Susquehanna Bancshares upgraded Applied Materials from a “neutral” rating to a “positive” rating and increased their price target for the company from $60.00 to $72.00 in a report on Tuesday, January 16th. One equities research 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. Applied Materials has an average rating of “Buy” and a consensus price target of $62.56.

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About Applied Materials

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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