Bp Plc Has $4,356,000 Stake in Applied Materials, Inc. (AMAT)

Bp Plc decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 31.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 135,000 shares of the manufacturing equipment provider’s stock after selling 63,000 shares during the period. Bp Plc’s holdings in Applied Materials were worth $4,356,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. NCM Capital Advisers Inc. boosted its position in Applied Materials by 40.5% in the second quarter. NCM Capital Advisers Inc. now owns 22,385 shares of the manufacturing equipment provider’s stock worth $537,000 after buying an additional 6,450 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Applied Materials by 22.0% in the second quarter. Glenmede Trust Co. NA now owns 3,287,969 shares of the manufacturing equipment provider’s stock worth $78,812,000 after buying an additional 592,317 shares during the last quarter. Appleton Partners Inc. MA boosted its position in Applied Materials by 1.4% in the second quarter. Appleton Partners Inc. MA now owns 48,010 shares of the manufacturing equipment provider’s stock worth $1,151,000 after buying an additional 660 shares during the last quarter. AO Asset Management LLC purchased a new position in Applied Materials during the second quarter worth approximately $10,787,000. Finally, KBC Group NV boosted its position in Applied Materials by 592.9% in the second quarter. KBC Group NV now owns 1,082,184 shares of the manufacturing equipment provider’s stock worth $25,940,000 after buying an additional 926,005 shares during the last quarter. Institutional investors own 82.52% of the company’s stock.

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at 35.46 on Tuesday. The stock has a market capitalization of $38.18 billion, a price-to-earnings ratio of 23.03 and a beta of 1.81. The stock has a 50 day moving average of $33.88 and a 200-day moving average of $30.66. Applied Materials, Inc. has a 52-week low of $15.50 and a 52-week high of $35.85.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 17th. The manufacturing equipment provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. Applied Materials had a return on equity of 28.09% and a net margin of 15.90%. The business earned $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the company earned $0.29 EPS. Applied Materials’s revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities research analysts predict that Applied Materials, Inc. will post $2.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, February 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. Applied Materials’s dividend payout ratio is currently 25.64%.

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Several analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Applied Materials in a report on Friday, January 6th. B. Riley reaffirmed a “buy” rating and issued a $38.00 price target on shares of Applied Materials in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target (up from $36.00) on shares of Applied Materials in a report on Friday, January 6th. Vetr raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $35.62 price target on the stock in a report on Wednesday, December 7th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Applied Materials from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Monday, December 19th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.98.

In other Applied Materials news, Director Stephen R. Forrest sold 4,800 shares of the stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $31.86, for a total value of $152,928.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis D. Powell sold 21,017 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $31.95, for a total value of $671,493.15. Following the completion of the transaction, the director now owns 98,207 shares of the company’s stock, valued at $3,137,713.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,817 shares of company stock valued at $4,018,421. 0.31% of the stock is owned by corporate insiders.

About Applied Materials

5 Day Chart for NASDAQ:AMAT

Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT).

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