Stone Ridge Asset Management LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 61,258 shares of the manufacturing equipment provider’s stock, valued at approximately $3,132,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new stake in shares of Applied Materials during the fourth quarter valued at approximately $110,000. Risk Paradigm Group LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at approximately $110,000. Cerebellum GP LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at approximately $122,000. Zions Bancorporation raised its stake in shares of Applied Materials by 349.1% during the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after purchasing an additional 2,049 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of Applied Materials during the fourth quarter valued at approximately $169,000. Institutional investors own 79.30% of the company’s stock.
In other news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $51.47, for a total transaction of $6,440,183.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Forrest sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $53.67, for a total transaction of $214,680.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 307,716 shares of company stock valued at $15,928,746. 0.35% of the stock is currently owned by corporate insiders.
Applied Materials, Inc. (NASDAQ:AMAT) opened at $61.61 on Monday. The company has a market cap of $64,732.83, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 2.25, a current ratio of 2.96 and a debt-to-equity ratio of 0.62. Applied Materials, Inc. has a 1-year low of $37.41 and a 1-year high of $61.76.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.10 billion. Applied Materials had a net margin of 18.53% and a return on equity of 45.17%. During the same quarter in the previous year, the company posted $0.67 earnings per share. equities analysts forecast that Applied Materials, Inc. will post 4.39 EPS for the current year.
Applied Materials declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the manufacturing equipment provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 23rd. This is an increase from Applied Materials’s previous quarterly dividend of $0.10. Applied Materials’s payout ratio is currently 15.09%.
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Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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