28,417 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Acquired by D L Carlson Investment Group Inc.

Posted by Defense World Staff on Sep 13th, 2023

D L Carlson Investment Group Inc. purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 28,417 shares of the manufacturing equipment provider’s stock, valued at approximately $3,491,000.

Other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC grew its position in Applied Materials by 1,666.7% during the first quarter. GoalVest Advisory LLC now owns 212 shares of the manufacturing equipment provider’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Steward Financial Group LLC increased its position in Applied Materials by 173.9% during the 1st quarter. Steward Financial Group LLC now owns 252 shares of the manufacturing equipment provider’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Applied Materials during the first quarter valued at approximately $31,000. Financial Freedom LLC purchased a new stake in Applied Materials during the fourth quarter worth approximately $25,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Applied Materials in the first quarter worth $32,000. 77.24% of the stock is owned by hedge funds and other institutional investors.

Applied Materials Stock Performance

Shares of NASDAQ AMAT opened at $143.97 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $144.93 and its two-hundred day moving average price is $131.41. Applied Materials, Inc. has a 52-week low of $71.12 and a 52-week high of $155.26. The stock has a market capitalization of $120.87 billion, a P/E ratio of 18.99, a P/E/G ratio of 3.10 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT – Get Free Report) last announced its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.15 billion. Applied Materials had a return on equity of 49.29% and a net margin of 24.27%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, sell-side analysts forecast that Applied Materials, Inc. will post 7.85 earnings per share for the current year.

Applied Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.28 annualized dividend and a yield of 0.89%. Applied Materials’s dividend payout ratio is presently 16.89%.

Insider Activity at Applied Materials

In related news, CFO Brice Hill sold 1,000 shares of Applied Materials stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $150.04, for a total transaction of $150,040.00. Following the sale, the chief financial officer now directly owns 106,023 shares in the company, valued at $15,907,690.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Applied Materials news, SVP Teri A. Little sold 10,000 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $142.00, for a total transaction of $1,420,000.00. Following the completion of the transaction, the senior vice president now directly owns 69,504 shares of the company’s stock, valued at approximately $9,869,568. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brice Hill sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $150.04, for a total value of $150,040.00. Following the completion of the sale, the chief financial officer now directly owns 106,023 shares in the company, valued at approximately $15,907,690.92. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMAT. Wells Fargo & Company lifted their target price on shares of Applied Materials from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 19th. B. Riley upped their price target on Applied Materials from $150.00 to $175.00 in a report on Monday, July 17th. TD Cowen increased their price objective on shares of Applied Materials from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Morgan Stanley boosted their target price on shares of Applied Materials from $125.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday, August 18th. Finally, Berenberg Bank lifted their price target on shares of Applied Materials from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.08.

Check Out Our Latest Analysis on Applied Materials

Applied Materials Profile

(Free Report)

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.

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

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