Checchi Capital Advisers LLC Has $1.13 Million Position in Applied Materials, Inc. (NASDAQ:AMAT)

Checchi Capital Advisers LLC boosted its stake in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,598 shares of the manufacturing equipment provider’s stock after acquiring an additional 666 shares during the period. Checchi Capital Advisers LLC’s holdings in Applied Materials were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Applied Materials during the 4th quarter worth approximately $1,146,885,000. Capital International Investors grew its holdings in shares of Applied Materials by 10.5% in the fourth quarter. Capital International Investors now owns 23,268,369 shares of the manufacturing equipment provider’s stock valued at $3,661,525,000 after acquiring an additional 2,209,223 shares in the last quarter. Coatue Management LLC bought a new position in shares of Applied Materials in the fourth quarter valued at approximately $297,284,000. Capital World Investors grew its holdings in shares of Applied Materials by 6.1% in the fourth quarter. Capital World Investors now owns 27,869,799 shares of the manufacturing equipment provider’s stock valued at $4,385,603,000 after acquiring an additional 1,609,461 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Applied Materials by 14.5% in the fourth quarter. Deutsche Bank AG now owns 7,933,311 shares of the manufacturing equipment provider’s stock valued at $1,248,387,000 after acquiring an additional 1,003,013 shares in the last quarter. Institutional investors own 77.90% of the company’s stock.

Applied Materials Price Performance

Shares of AMAT stock opened at $109.62 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 1.54. The company has a market capitalization of $95.36 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.80 and a beta of 1.51. The company’s 50-day simple moving average is $99.70 and its two-hundred day simple moving average is $116.53. Applied Materials, Inc. has a one year low of $82.67 and a one year high of $167.06.

Applied Materials (NASDAQ:AMATGet Rating) last announced its quarterly earnings results on Thursday, May 19th. The manufacturing equipment provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.04). Applied Materials had a return on equity of 57.17% and a net margin of 27.20%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same period in the previous year, the company posted $1.63 EPS. Applied Materials’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Applied Materials, Inc. will post 7.42 EPS for the current year.

Applied Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, August 24th. This represents a $1.04 annualized dividend and a yield of 0.95%. Applied Materials’s dividend payout ratio is presently 13.87%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their target price on Applied Materials from $133.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 25th. DA Davidson dropped their target price on Applied Materials from $185.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 20th. UBS Group dropped their target price on Applied Materials from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. Barclays decreased their price target on shares of Applied Materials from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, July 25th. Finally, StockNews.com cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.04.

Insider Activity at Applied Materials

In related news, SVP Teri A. Little sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the sale, the senior vice president now owns 93,169 shares in the company, valued at $8,040,484.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.37% of the stock is owned by company insiders.

About Applied Materials

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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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