1 week Ago By ABMN Staff
Applied Materials, Inc. ( NASDAQ:AMAT – Get Free Report ) CEO Gary E. Dickerson bought 50,000 shares of the stock in a transaction that occurred on Thursday, April 3rd.
The stock was bought at an average cost of $137.30 per share, for a total transaction of $6,865,000.00.
Following the completion of the purchase, the chief executive officer now directly owns 1,716,058 shares of the company’s stock, valued at $235,614,763.40. This represents a 3.
00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Applied Materials Price Performance Shares of Applied Materials stock opened at $128.
96 on Wednesday. The business has a 50 day moving average of $159.55 and a 200 day moving average of $173.
99. Applied Materials, Inc. has a 52 week low of $123.
74 and a 52 week high of $255.89. The company has a market cap of $104.
77 billion, a PE ratio of 16.86, a P/E/G ratio of 1.81 and a beta of 1.
61. The company has a quick ratio of 1.96, a current ratio of 2.
67 and a debt-to-equity ratio of 0.29. Applied Materials ( NASDAQ:AMAT – Get Free Report ) last issued its quarterly earnings data on Thursday, February 13th.
The manufacturing equipment provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.28 by $0.
10. Applied Materials had a net margin of 22.95% and a return on equity of 39.
50%. As a group, equities research analysts forecast that Applied Materials, Inc. will post 9.
38 earnings per share for the current year. Applied Materials Increases Dividend Applied Materials announced that its board has authorized a stock buyback plan on Monday, March 10th that permits the company to buyback $10.00 billion in outstanding shares.
This buyback authorization permits the manufacturing equipment provider to purchase up to 8.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Institutional Investors Weigh In On Applied Materials Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMAT. Founders Capital Management boosted its holdings in shares of Applied Materials by 1,177.3% during the 1st quarter.
Founders Capital Management now owns 16,911 shares of the manufacturing equipment provider’s stock valued at $2,454,000 after buying an additional 15,587 shares in the last quarter. Rhumbline Advisers lifted its position in Applied Materials by 1.4% during the 1st quarter.
Rhumbline Advisers now owns 1,595,811 shares of the manufacturing equipment provider’s stock valued at $231,584,000 after acquiring an additional 21,355 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Applied Materials by 20.1% during the first quarter.
Fifth Third Wealth Advisors LLC now owns 28,286 shares of the manufacturing equipment provider’s stock worth $4,105,000 after acquiring an additional 4,741 shares in the last quarter. Verde Capital Management grew its holdings in Applied Materials by 91.4% in the first quarter.
Verde Capital Management now owns 5,796 shares of the manufacturing equipment provider’s stock worth $841,000 after purchasing an additional 2,767 shares during the period. Finally, Pacifica Partners Inc. increased its stake in shares of Applied Materials by 9.
4% during the first quarter. Pacifica Partners Inc. now owns 40,803 shares of the manufacturing equipment provider’s stock valued at $5,529,000 after purchasing an additional 3,493 shares in the last quarter.
80.56% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In AMAT has been the topic of several research reports.
KeyCorp upgraded shares of Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective on the stock in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target 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. Stifel Nicolaus reduced their price objective on Applied Materials from $250.
00 to $235.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Citigroup boosted their target price on Applied Materials from $194.
00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Mizuho reduced their price target on shares of Applied Materials from $220.
00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.67. Check Out Our Latest Research Report on AMAT Applied Materials Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.
com's FREE daily email newsletter ..
