Gateway Investment Advisers LLC cut its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,338 shares of the manufacturing equipment provider’s stock after selling 39,606 shares during the period. Gateway Investment Advisers LLC’s holdings in Applied Materials were worth $37,693,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Applied Materials during the 3rd quarter worth about $105,000. MPS Loria Financial Planners LLC purchased a new stake in shares of Applied Materials during the 2nd quarter worth about $109,000. Wunderlich Capital Managemnt raised its stake in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Applied Materials during the 2nd quarter worth about $134,000. Finally, First Personal Financial Services raised its stake in shares of Applied Materials by 281.5% during the 3rd quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after purchasing an additional 1,900 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

Shares of Applied Materials, Inc. (AMAT) traded up $2.32 during midday trading on Wednesday, reaching $56.82. The company’s stock had a trading volume of 11,172,811 shares, compared to its average volume of 11,599,380. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The company has a market cap of $60,070.00, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 1.81. Applied Materials, Inc. has a 52 week low of $33.09 and a 52 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 the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. sell-side analysts expect that Applied Materials, Inc. will post 4.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s dividend payout ratio is currently 12.62%.

A number of equities research analysts have recently weighed in on AMAT shares. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price target on shares of Applied Materials in a research note on Tuesday, September 26th. B. Riley raised their price target on Applied Materials from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. DA Davidson reaffirmed a “buy” rating and set a $55.00 price target on shares of Applied Materials in a research note on Monday, September 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Applied Materials in a research note on Monday, September 25th. Finally, Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $49.11 price target for the company in a research note on Friday, September 22nd. One research analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Applied Materials presently has a consensus rating of “Buy” and a consensus target price of $62.74.

In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 312,716 shares of company stock worth $16,218,746. Company insiders own 0.31% of the company’s stock.

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Applied Materials 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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