Prime Capital Investment Advisors LLC reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 34.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,853 shares of the manufacturing equipment provider’s stock after selling 11,372 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Applied Materials were worth $867,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMAT. Norges Bank purchased a new stake in Applied Materials in the fourth quarter valued at $407,503,000. Oregon Public Employees Retirement Fund boosted its holdings in Applied Materials by 3,039.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,203,498 shares of the manufacturing equipment provider’s stock valued at $251,000 after purchasing an additional 7,942,210 shares during the last quarter. FMR LLC boosted its holdings in Applied Materials by 52.1% in the fourth quarter. FMR LLC now owns 22,370,392 shares of the manufacturing equipment provider’s stock valued at $732,406,000 after purchasing an additional 7,664,767 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Applied Materials by 47.3% in the third quarter. Bank of New York Mellon Corp now owns 20,336,220 shares of the manufacturing equipment provider’s stock valued at $785,997,000 after purchasing an additional 6,531,516 shares during the last quarter. Finally, Parnassus Investments CA boosted its holdings in Applied Materials by 139.3% in the fourth quarter. Parnassus Investments CA now owns 6,700,000 shares of the manufacturing equipment provider’s stock valued at $219,358,000 after purchasing an additional 3,900,000 shares during the last quarter. 78.75% of the stock is currently owned by institutional investors and hedge funds.
In other Applied Materials news, Director Stephen R. Forrest sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $42.45, for a total transaction of $84,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Steve G. Ghanayem sold 25,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $42.70, for a total transaction of $1,067,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,255 shares of company stock worth $6,987,176. 0.44% of the stock is owned by company insiders.
Shares of NASDAQ:AMAT traded down $0.64 during mid-day trading on Thursday, reaching $40.94. 10,708,225 shares of the company were exchanged, compared to its average volume of 10,301,718. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.74 and a current ratio of 2.72. The stock has a market capitalization of $38.34 billion, a P/E ratio of 9.20, a PEG ratio of 1.84 and a beta of 1.66. Applied Materials, Inc. has a 1 year low of $28.79 and a 1 year high of $56.94.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, February 14th. The manufacturing equipment provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. Research analysts forecast that Applied Materials, Inc. will post 2.94 earnings per share for the current fiscal 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 is Wednesday, May 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Applied Materials’s previous quarterly dividend of $0.20. Applied Materials’s dividend payout ratio (DPR) is presently 17.98%.
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Applied Materials Company Profile
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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