Applied Materials, Inc. (NASDAQ:AMAT) Shares Acquired by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,605 shares of the manufacturing equipment provider’s stock after buying an additional 550 shares during the quarter. Applied Materials accounts for 3.4% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 6th largest holding. Roanoke Asset Management Corp NY’s holdings in Applied Materials were worth $10,669,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMAT. EdgePoint Investment Group Inc. boosted its holdings in Applied Materials by 341.0% in the third quarter. EdgePoint Investment Group Inc. now owns 2,857,155 shares of the manufacturing equipment provider’s stock worth $577,288,000 after acquiring an additional 2,209,218 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Applied Materials by 67.8% in the 3rd quarter. Janus Henderson Group PLC now owns 4,663,133 shares of the manufacturing equipment provider’s stock worth $942,187,000 after purchasing an additional 1,884,153 shares in the last quarter. Van ECK Associates Corp grew its position in Applied Materials by 29.8% in the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after purchasing an additional 1,509,439 shares during the period. Alecta Tjanstepension Omsesidigt bought a new stake in Applied Materials during the 4th quarter valued at $157,426,000. Finally, Flossbach Von Storch SE raised its holdings in Applied Materials by 126.6% during the fourth quarter. Flossbach Von Storch SE now owns 1,600,078 shares of the manufacturing equipment provider’s stock worth $260,221,000 after buying an additional 893,995 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMAT. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Applied Materials in a report on Friday, November 15th. Stifel Nicolaus cut their price target on Applied Materials from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Barclays cut their target price on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Citigroup increased their price target on Applied Materials from $194.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.38.

Insider Activity

In related news, CAO Adam Sanders sold 271 shares of Applied Materials stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $172.72, for a total value of $46,807.12. Following the completion of the transaction, the chief accounting officer now directly owns 6,479 shares in the company, valued at approximately $1,119,052.88. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Applied Materials Trading Up 0.9 %

NASDAQ:AMAT opened at $158.07 on Friday. The firm’s 50 day moving average is $175.38 and its 200 day moving average is $183.03. Applied Materials, Inc. has a 12 month low of $153.95 and a 12 month high of $255.89. The stock has a market capitalization of $128.42 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.53. The company has a current ratio of 2.67, a quick ratio of 1.96 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. Sell-side analysts expect that Applied Materials, Inc. will post 9.38 earnings per share for the current year.

Applied Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Applied Materials’s payout ratio is 20.92%.

Applied Materials Company Profile

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.