Applied Materials, Inc. (NASDAQ:AMAT) Shares Purchased by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC boosted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 35.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,106 shares of the manufacturing equipment provider’s stock after acquiring an additional 551 shares during the period. Janiczek Wealth Management LLC’s holdings in Applied Materials were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Capital Management Inc. grew its holdings in Applied Materials by 2.5% during the 1st quarter. Stonebridge Capital Management Inc. now owns 16,380 shares of the manufacturing equipment provider’s stock valued at $3,378,000 after buying an additional 400 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Applied Materials by 6.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,908 shares of the manufacturing equipment provider’s stock valued at $806,000 after purchasing an additional 250 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Applied Materials by 28.6% during the 1st quarter. DGS Capital Management LLC now owns 7,101 shares of the manufacturing equipment provider’s stock valued at $1,465,000 after buying an additional 1,580 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Applied Materials during the 1st quarter worth $208,000. Finally, Aspiriant LLC grew its position in Applied Materials by 2.0% during the first quarter. Aspiriant LLC now owns 6,927 shares of the manufacturing equipment provider’s stock valued at $1,429,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AMAT shares. Mizuho boosted their price target on Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Cantor Fitzgerald restated an “overweight” rating and set a $260.00 target price on shares of Applied Materials in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft began coverage on Applied Materials in a research report on Thursday, April 11th. They set a “hold” rating and a $225.00 target price on the stock. Barclays upgraded Applied Materials from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $165.00 to $225.00 in a research note on Wednesday, June 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Applied Materials in a research note on Friday, May 17th. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Applied Materials presently has an average rating of “Moderate Buy” and a consensus target price of $221.84.

Applied Materials Price Performance

NASDAQ AMAT traded up $1.31 during trading hours on Thursday, reaching $233.48. 2,017,726 shares of the company’s stock were exchanged, compared to its average volume of 5,763,650. The firm has a fifty day moving average of $216.53 and a 200-day moving average of $194.73. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. The stock has a market cap of $193.31 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.07 and a beta of 1.56. Applied Materials, Inc. has a one year low of $129.21 and a one year high of $249.42.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.54 billion. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. Applied Materials’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 earnings per share. On average, equities research analysts predict that Applied Materials, Inc. will post 8.31 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 18.39%.

Insider Buying and Selling

In related news, SVP Teri A. Little sold 7,500 shares of Applied Materials stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $213.02, for a total transaction of $1,597,650.00. Following the completion of the transaction, the senior vice president now owns 78,712 shares in the company, valued at $16,767,230.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Teri A. Little sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $213.02, for a total value of $1,597,650.00. Following the completion of the sale, the senior vice president now directly owns 78,712 shares in the company, valued at $16,767,230.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Teri A. Little sold 2,500 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 76,212 shares of the company’s stock, valued at $16,890,103.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,827 shares of company stock worth $21,382,560. Insiders own 0.29% of the company’s stock.

About Applied Materials

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.