Applied Materials, Inc. (AMAT) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC boosted its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,702 shares of the manufacturing equipment provider’s stock after buying an additional 658 shares during the period. Regal Investment Advisors LLC’s holdings in Applied Materials were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMAT. Norges Bank acquired a new position in Applied Materials during the fourth quarter worth approximately $407,503,000. Oregon Public Employees Retirement Fund increased its position in Applied Materials by 3,039.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,203,498 shares of the manufacturing equipment provider’s stock worth $251,000 after buying an additional 7,942,210 shares during the period. FMR LLC increased its position in Applied Materials by 52.1% during the fourth quarter. FMR LLC now owns 22,370,392 shares of the manufacturing equipment provider’s stock worth $732,406,000 after buying an additional 7,664,767 shares during the period. Parnassus Investments CA increased its position in Applied Materials by 139.3% during the fourth quarter. Parnassus Investments CA now owns 6,700,000 shares of the manufacturing equipment provider’s stock worth $219,358,000 after buying an additional 3,900,000 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Applied Materials by 13.6% during the fourth quarter. Bank of New York Mellon Corp now owns 23,108,959 shares of the manufacturing equipment provider’s stock worth $756,588,000 after buying an additional 2,772,739 shares during the period. 76.39% of the stock is currently owned by institutional investors.

Applied Materials stock opened at $39.94 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.65. Applied Materials, Inc. has a 1-year low of $28.79 and a 1-year high of $53.23. The company has a market capitalization of $39.18 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.66.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 16th. The manufacturing equipment provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. Applied Materials had a return on equity of 47.88% and a net margin of 22.10%. The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. On average, equities analysts anticipate that Applied Materials, Inc. will post 2.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 23rd will be paid a $0.21 dividend. 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 dividend yield of 2.10%. Applied Materials’s payout ratio is 17.98%.

Several brokerages have weighed in on AMAT. Citigroup lifted their target price on Applied Materials from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Cowen lifted their target price on Applied Materials from $47.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Wells Fargo & Co lifted their target price on Applied Materials from $45.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. BidaskClub downgraded Applied Materials from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded Applied Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $52.57.

In other Applied Materials news, SVP Steve G. Ghanayem sold 25,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Omkaram Nalamasu sold 143,255 shares of the business’s stock in a transaction on 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. Over the last 90 days, insiders sold 170,255 shares of company stock worth $6,987,176. Company insiders own 0.44% of the company’s stock.

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

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