Paragon Capital Management Ltd Invests $203,000 in Applied Materials, Inc. (AMAT)

Paragon Capital Management Ltd bought a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the first quarter, HoldingsChannel reports. The fund bought 5,123 shares of the manufacturing equipment provider’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new stake in shares of Applied Materials during the fourth quarter valued at $25,000. Squar Milner Financial Services LLC boosted its position in shares of Applied Materials by 190.8% during the first quarter. Squar Milner Financial Services LLC now owns 698 shares of the manufacturing equipment provider’s stock valued at $27,000 after buying an additional 458 shares during the last quarter. Sontag Advisory LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at $30,000. Bruderman Asset Management LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at $31,000. Finally, Lenox Wealth Advisors LLC boosted its position in shares of Applied Materials by 73.7% during the first quarter. Lenox Wealth Advisors LLC now owns 780 shares of the manufacturing equipment provider’s stock valued at $31,000 after buying an additional 331 shares during the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AMAT traded up $0.26 during trading on Friday, hitting $43.96. The company had a trading volume of 7,375,388 shares, compared to its average volume of 10,305,391. The company has a quick ratio of 1.74, a current ratio of 2.72 and a debt-to-equity ratio of 0.65. Applied Materials, Inc. has a 12 month low of $28.79 and a 12 month high of $56.94. The company has a market capitalization of $41.74 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.66.

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

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

In other news, SVP Steve G. Ghanayem sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was 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 SEC, which is available at the SEC website. Also, insider Omkaram Nalamasu sold 143,255 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $40.73, for a total value of $5,834,776.15. The disclosure for this sale can be found here. Insiders sold 170,255 shares of company stock worth $6,987,176 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Several equities research analysts recently commented on the company. ValuEngine raised Applied Materials from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Stifel Nicolaus lowered their target price on Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, February 11th. Zacks Investment Research downgraded Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, February 11th. BidaskClub raised Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, Argus reissued a “buy” rating on shares of Applied Materials in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $49.90.

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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.

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

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