Applied Materials, Inc. (AMAT) Position Lifted by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 203,416 shares of the manufacturing equipment provider’s stock after buying an additional 6,382 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Applied Materials were worth $10,399,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC bought a new position in Applied Materials in the third quarter valued at approximately $105,000. MPS Loria Financial Planners LLC bought a new position in Applied Materials in the second quarter valued at approximately $109,000. Cerebellum GP LLC bought a new position in Applied Materials in the fourth quarter valued at approximately $122,000. Wunderlich Capital Managemnt increased its stake in Applied Materials by 2.9% in the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after acquiring an additional 87 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Applied Materials in the second quarter valued at approximately $134,000. 80.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Omkaram Nalamasu sold 53,466 shares of Applied Materials stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,833,698.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold 312,716 shares of company stock valued at $16,218,746 in the last three months. 0.35% of the stock is owned by insiders.

AMAT has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America lifted their price objective on shares of Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Susquehanna Bancshares upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and raised their target price for the company from $60.00 to $72.00 in a research report on Tuesday, January 16th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $59.06 target price on the stock in a research report on Friday, January 26th. Finally, UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $62.56.

Applied Materials, Inc. (AMAT) opened at $48.69 on Thursday. The company has a market cap of $52,853.10, a price-to-earnings ratio of 15.36, a PEG ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. Applied Materials, Inc. has a fifty-two week low of $34.58 and a fifty-two week high of $60.89.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. Applied Materials’s revenue was up 20.4% compared to the same quarter last year. research analysts forecast that Applied Materials, Inc. will post 4.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio is presently 12.62%.

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

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