Westside Investment Management Inc. Has $270,000 Stake in Applied Materials, Inc. (AMAT)

Westside Investment Management Inc. lifted its position in Applied Materials, Inc. (NASDAQ:AMAT) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,250 shares of the manufacturing equipment provider’s stock after purchasing an additional 2,441 shares during the period. Westside Investment Management Inc.’s holdings in Applied Materials were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMAT. Piedmont Investment Advisors Inc. grew its stake in Applied Materials by 18.2% during the third quarter. Piedmont Investment Advisors Inc. now owns 82,851 shares of the manufacturing equipment provider’s stock valued at $3,202,000 after acquiring an additional 12,755 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Applied Materials by 49.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 94,779 shares of the manufacturing equipment provider’s stock worth $3,663,000 after buying an additional 31,326 shares in the last quarter. Sound Shore Management Inc. CT grew its stake in shares of Applied Materials by 19.7% in the 3rd quarter. Sound Shore Management Inc. CT now owns 3,332,753 shares of the manufacturing equipment provider’s stock worth $128,811,000 after buying an additional 549,406 shares in the last quarter. SFE Investment Counsel grew its stake in shares of Applied Materials by 78.3% in the 3rd quarter. SFE Investment Counsel now owns 17,669 shares of the manufacturing equipment provider’s stock worth $683,000 after buying an additional 7,760 shares in the last quarter. Finally, Lourd Capital LLC grew its stake in shares of Applied Materials by 3.9% in the 4th quarter. Lourd Capital LLC now owns 19,412 shares of the manufacturing equipment provider’s stock worth $636,000 after buying an additional 728 shares in the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Susquehanna Bancshares reissued a “neutral” rating and issued a $38.00 price objective (down from $60.00) on shares of Applied Materials in a research note on Tuesday, October 23rd. Stifel Nicolaus dropped their price objective on shares of Applied Materials from $63.00 to $53.00 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research cut shares of Applied Materials from a “hold” rating to a “sell” rating in a research note on Monday. DA Davidson dropped their price objective on shares of Applied Materials to $55.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Finally, ValuEngine cut shares of Applied Materials from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Applied Materials presently has a consensus rating of “Buy” and an average target price of $50.96.

Shares of Applied Materials stock traded up $0.88 during trading on Tuesday, hitting $40.78. The stock had a trading volume of 224,632 shares, compared to its average volume of 12,149,686. The firm has a market capitalization of $37.91 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.37 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.73 and a debt-to-equity ratio of 0.78. Applied Materials, Inc. has a 12 month low of $28.79 and a 12 month high of $62.40.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.97. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4 billion. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. As a group, sell-side analysts predict that Applied Materials, Inc. will post 3.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. Applied Materials’s dividend payout ratio (DPR) is presently 17.98%.

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About Applied Materials

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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