Applied Materials, Inc. (NASDAQ:AMAT) Position Held by Krilogy Financial LLC
Krilogy Financial LLC held its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the first quarter, Holdings Channel reports. The institutional investor owned 4,618 shares of the manufacturing equipment provider’s stock at the end of the first quarter. Krilogy Financial LLC’s holdings in Applied Materials were worth $149,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in shares of Applied Materials during the fourth quarter valued at $3,147,000. Ibex Wealth Advisors purchased a new stake in shares of Applied Materials during the fourth quarter valued at $2,382,000. Wealthfront Inc. raised its stake in shares of Applied Materials by 8.9% in the fourth quarter. Wealthfront Inc. now owns 29,163 shares of the manufacturing equipment provider’s stock valued at $941,000 after buying an additional 2,387 shares during the period. RMB Capital Management LLC purchased a new stake in shares of Applied Materials during the fourth quarter valued at $201,000. Finally, Teachers Advisors LLC raised its stake in shares of Applied Materials by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 3,956,864 shares of the manufacturing equipment provider’s stock valued at $127,688,000 after buying an additional 109,324 shares during the period. 79.78% of the stock is owned by institutional investors.
Applied Materials, Inc. (NASDAQ AMAT) opened at 47.18 on Thursday. The stock’s 50 day moving average price is $44.43 and its 200 day moving average price is $39.70. The stock has a market capitalization of $50.70 billion, a PE ratio of 19.51 and a beta of 1.81. Applied Materials, Inc. has a 1-year low of $25.68 and a 1-year high of $47.86.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, May 18th. The manufacturing equipment provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.03. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.54 billion. Applied Materials had a return on equity of 38.28% and a net margin of 20.41%. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts predict that Applied Materials, Inc. will post $3.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.40 annualized dividend and a yield of 0.85%. Applied Materials’s payout ratio is currently 16.46%.
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AMAT has been the subject of several recent research reports. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $42.81 price objective for the company in a report on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price objective on shares of Applied Materials in a report on Tuesday, April 25th. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Applied Materials in a report on Monday, May 15th. Needham & Company LLC lifted their price objective on Applied Materials from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus lifted their price objective on Applied Materials from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.56.
About Applied Materials
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