American Century Companies Inc. Has $411.31 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

American Century Companies Inc. lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,562,908 shares of the manufacturing equipment provider’s stock after selling 82,896 shares during the period. American Century Companies Inc. owned approximately 1.32% of Applied Materials worth $411,310,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Roanoke Asset Management Corp NY grew its holdings in Applied Materials by 0.3% during the 4th quarter. Roanoke Asset Management Corp NY now owns 77,495 shares of the manufacturing equipment provider’s stock worth $2,537,000 after acquiring an additional 260 shares in the last quarter. Providence First Trust Co grew its holdings in Applied Materials by 1.2% during the 4th quarter. Providence First Trust Co now owns 22,564 shares of the manufacturing equipment provider’s stock worth $739,000 after acquiring an additional 266 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Applied Materials by 2.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 10,076 shares of the manufacturing equipment provider’s stock worth $330,000 after acquiring an additional 280 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in Applied Materials by 14.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,405 shares of the manufacturing equipment provider’s stock worth $79,000 after acquiring an additional 300 shares in the last quarter. Finally, Buckingham Capital Management Inc. grew its holdings in Applied Materials by 0.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 88,027 shares of the manufacturing equipment provider’s stock worth $2,882,000 after acquiring an additional 309 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Shares of NASDAQ AMAT traded up $0.06 during midday trading on Friday, reaching $43.95. The company’s stock had a trading volume of 6,122,096 shares, compared to its average volume of 8,043,899. The company has a market capitalization of $41.73 billion, a P/E ratio of 9.88, a PEG ratio of 1.84 and a beta of 1.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.72 and a quick ratio of 1.74. Applied Materials, Inc. has a one year low of $28.79 and a one year high of $56.94.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.71 billion. Applied Materials had a net margin of 23.50% and a return on equity of 58.28%. The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. On average, analysts anticipate that Applied Materials, Inc. will post 2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This is an increase from Applied Materials’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. Applied Materials’s payout ratio is presently 17.98%.

AMAT has been the subject of several research reports. Zacks Investment Research lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Stifel Nicolaus reduced their target price on shares of Applied Materials from $63.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, February 11th. BidaskClub raised shares of Applied Materials from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Finally, DZ Bank lowered shares of Applied Materials from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.90.

In other Applied Materials news, SVP Steve G. Ghanayem sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.70, for a total value of $1,067,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen R. Forrest sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $42.45, for a total transaction of $84,900.00. The disclosure for this sale can be found here. Insiders have sold 170,255 shares of company stock worth $6,987,176 over the last ninety days. 0.44% of the stock is currently owned by insiders.

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About Applied Materials

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

See Also: Mutual Funds

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

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