3,450 Shares in Applied Materials, Inc. (NASDAQ:AMAT) Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new position in Applied Materials, Inc. (NASDAQ:AMATFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,450 shares of the manufacturing equipment provider’s stock, valued at approximately $559,000. Applied Materials makes up 0.6% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 28th largest position.

Other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Applied Materials during the 4th quarter valued at approximately $27,000. DSM Capital Partners LLC purchased a new position in shares of Applied Materials during the 4th quarter valued at approximately $37,000. First United Bank & Trust purchased a new position in shares of Applied Materials during the 4th quarter valued at approximately $45,000. Tompkins Financial Corp purchased a new position in shares of Applied Materials during the 4th quarter valued at approximately $49,000. Finally, Highlander Capital Management LLC increased its holdings in shares of Applied Materials by 60.0% during the 4th quarter. Highlander Capital Management LLC now owns 320 shares of the manufacturing equipment provider’s stock valued at $52,000 after purchasing an additional 120 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Applied Materials from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Wells Fargo & Company upped their target price on shares of Applied Materials from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Susquehanna upped their target price on shares of Applied Materials from $160.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Jefferies Financial Group lowered shares of Applied Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $215.00 to $210.00 in a report on Monday, May 13th. Finally, Morgan Stanley upped their price objective on shares of Applied Materials from $142.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.04.

Read Our Latest Research Report on Applied Materials

Insiders Place Their Bets

In other Applied Materials news, SVP Teri A. Little sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $213.02, for a total value of $1,597,650.00. Following the completion of the sale, the senior vice president now owns 78,712 shares in the company, valued at approximately $16,767,230.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Applied Materials news, CFO Brice Hill sold 20,000 shares of Applied Materials stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $222.34, for a total value of $4,446,800.00. Following the completion of the transaction, the chief financial officer now owns 108,356 shares in the company, valued at approximately $24,091,873.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Teri A. Little sold 7,500 shares of Applied Materials stock in a transaction on Friday, May 31st. The shares were sold at an average price of $213.02, for a total value of $1,597,650.00. Following the completion of the transaction, the senior vice president now owns 78,712 shares of the company’s stock, valued at approximately $16,767,230.24. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Applied Materials Stock Performance

AMAT traded down $0.02 during midday trading on Friday, reaching $221.73. The company’s stock had a trading volume of 3,627,235 shares, compared to its average volume of 5,235,533. The stock has a market cap of $183.59 billion, a P/E ratio of 25.49, a PEG ratio of 2.90 and a beta of 1.56. The company has a fifty day simple moving average of $208.88 and a 200 day simple moving average of $186.46. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.30. Applied Materials, Inc. has a twelve month low of $129.21 and a twelve month high of $225.07.

Applied Materials (NASDAQ:AMATGet Free Report) last released its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter last year, the firm posted $2.00 EPS. The company’s revenue was up .2% on a year-over-year basis. Research analysts expect that Applied Materials, Inc. will post 8.32 earnings per share for the current year.

About Applied Materials

(Free Report)

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

Further Reading

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

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