Tobam Has $405,000 Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Tobam raised its holdings in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 42.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,965 shares of the manufacturing equipment provider’s stock after acquiring an additional 582 shares during the period. Tobam’s holdings in Applied Materials were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Redmont Wealth Advisors LLC bought a new position in shares of Applied Materials in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Applied Materials during the fourth quarter valued at approximately $27,000. DSM Capital Partners LLC bought a new position in Applied Materials during the 4th quarter valued at $37,000. Accent Capital Management LLC bought a new position in shares of Applied Materials during the fourth quarter valued at about $41,000. Finally, Richardson Financial Services Inc. purchased a new position in Applied Materials during the fourth quarter worth about $43,000. Institutional investors own 80.56% of the company’s stock.

Applied Materials Stock Up 1.1 %

Shares of Applied Materials stock traded up $2.70 during trading on Monday, hitting $245.29. The company’s stock had a trading volume of 281,143 shares, compared to its average volume of 5,677,213. Applied Materials, Inc. has a 52 week low of $129.21 and a 52 week high of $249.42. The company has a market capitalization of $203.09 billion, a PE ratio of 27.88, a P/E/G ratio of 3.17 and a beta of 1.56. The company has a fifty day simple moving average of $222.78 and a two-hundred day simple moving average of $198.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.80.

Applied Materials (NASDAQ:AMATGet Free Report) last announced 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 net margin of 27.57% and a return on equity of 41.22%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter in the prior year, the company earned $2.00 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Applied Materials, Inc. will post 8.31 earnings per share for the current year.

Applied Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.65%. Applied Materials’s dividend payout ratio is currently 18.39%.

Wall Street Analyst Weigh In

AMAT has been the topic of a number of research analyst reports. TD Cowen boosted their target price on Applied Materials from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. B. Riley boosted their price target on shares of Applied Materials from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $230.00 target price on shares of Applied Materials in a research note on Wednesday, May 15th. Barclays upgraded shares of Applied Materials from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $165.00 to $225.00 in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Applied Materials in a report on Thursday, April 11th. They issued a “hold” rating and a $225.00 price objective for the company. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Applied Materials has an average rating of “Moderate Buy” and a consensus price target of $221.84.

Get Our Latest Stock Report on AMAT

Insider Activity

In related news, CFO Brice Hill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $222.34, for a total value of $4,446,800.00. Following the transaction, the chief financial officer now owns 108,356 shares in the company, valued at approximately $24,091,873.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Brice Hill sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $222.34, for a total value of $4,446,800.00. Following the completion of the transaction, the chief financial officer now directly owns 108,356 shares in the company, valued at approximately $24,091,873.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $221.62, for a total value 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 disclosure for this sale can be found here. Insiders sold 89,827 shares of company stock worth $21,382,560 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

Applied Materials Company Profile

(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.

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

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