Todays Report: The Tradewinds Capital Management LLC invests in Applied Materials Inc. (AMAT) Shares

The Tradewinds Capital Management LLC invests in Applied Materials Inc. (AMAT) Shares

Tradewinds Capital Management LLC raised its position in shares of Applied Materials Inc. (NASDAQ:AMAT) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,294 shares of the manufacturing equipment provider’s stock after buying an additional 1 shares during the period. Tradewinds Capital Management LLC’s holdings in Applied Materials were worth $367,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Applied Materials by 0.8% in the first quarter. Lazard Asset Management LLC now owns 14,935,512 shares of the manufacturing equipment provider’s stock worth $316,333,000 after buying an additional 124,092 shares in the last quarter. Geode Capital Management LLC increased its stake in Applied Materials by 2.8% in the first quarter. Geode Capital Management LLC now owns 10,168,236 shares of the manufacturing equipment provider’s stock worth $214,965,000 after buying an additional 277,567 shares in the last quarter. Primecap Management Co. CA increased its stake in Applied Materials by 0.7% in the first quarter. Primecap Management Co. CA now owns 6,128,155 shares of the manufacturing equipment provider’s stock worth $129,794,000 after buying an additional 45,400 shares in the last quarter. Legal & General Group Plc increased its stake in Applied Materials by 2.4% in the first quarter. Legal & General Group Plc now owns 5,063,202 shares of the manufacturing equipment provider’s stock worth $107,236,000 after buying an additional 119,577 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Applied Materials by 28.1% in the first quarter. UBS Asset Management Americas Inc. now owns 4,233,589 shares of the manufacturing equipment provider’s stock worth $89,668,000 after buying an additional 929,289 shares in the last quarter. Institutional investors own 82.16% of the company’s stock.

Shares of Applied Materials Inc. (NASDAQ:AMAT) traded down 0.884% during trading on Monday, hitting $27.822. The stock had a trading volume of 8,497,605 shares. The firm has a market cap of $30.07 billion, a P/E ratio of 21.942 and a beta of 1.84. Applied Materials Inc. has a one year low of $15.44 and a one year high of $31.07. The firm’s 50-day moving average is $29.68 and its 200-day moving average is $25.19.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Applied Materials had a return on equity of 22.37% and a net margin of 14.62%. The company earned $2.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. Applied Materials’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Applied Materials Inc. will post $1.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. Applied Materials’s payout ratio is currently 31.25%.

A number of equities research analysts have commented on AMAT shares. Vetr downgraded Applied Materials from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Thursday, July 7th. Nomura restated a “buy” rating and issued a $28.00 target price (up previously from $25.00) on shares of Applied Materials in a research report on Thursday, June 23rd. Pacific Crest restated a “buy” rating on shares of Applied Materials in a research report on Thursday, September 22nd. DA Davidson upgraded Applied Materials from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research report on Friday, June 24th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $29.00 price objective (up previously from $26.00) on shares of Applied Materials in a report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.20.

In other Applied Materials news, VP Omkaram Nalamasu sold 26,035 shares of Applied Materials stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $30.15, for a total value of $784,955.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary E. Dickerson sold 229,935 shares of Applied Materials stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $29.71, for a total value of $6,831,368.85. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Applied Materials Company Profile

Applied Materials, Inc (Applied) provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.

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