Applied Materials, Inc. (NASDAQ:AMAT) Shares Acquired by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC boosted its position in Applied Materials, Inc. (NASDAQ:AMATFree Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,799 shares of the manufacturing equipment provider’s stock after purchasing an additional 318 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Applied Materials were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Applied Materials in the 4th quarter valued at $27,000. DSM Capital Partners LLC purchased a new position in Applied Materials during the fourth quarter worth about $37,000. First United Bank & Trust acquired a new stake in Applied Materials in the 4th quarter worth about $45,000. Tompkins Financial Corp acquired a new stake in Applied Materials in the 4th quarter worth about $49,000. Finally, Highlander Capital Management LLC grew its holdings in Applied Materials by 60.0% in the 4th quarter. Highlander Capital Management LLC now owns 320 shares of the manufacturing equipment provider’s stock valued at $52,000 after buying an additional 120 shares during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Applied Materials Stock Down 0.0 %

AMAT traded down $0.02 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. Applied Materials, Inc. has a 1 year low of $129.21 and a 1 year high of $225.07. The business’s 50 day moving average is $208.88 and its 200 day moving average is $186.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.80 and a quick ratio of 1.97. The stock has a market cap of $183.59 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.90 and a beta of 1.56.

Applied Materials (NASDAQ:AMATGet Free Report) last released its earnings results on Thursday, May 16th. The manufacturing equipment provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.97 by $0.12. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 EPS. As a group, research analysts forecast that Applied Materials, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMAT shares. TD Cowen increased their price objective on shares of Applied Materials from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their price target on shares of Applied Materials from $156.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 16th. Citigroup increased their target price on Applied Materials from $170.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Applied Materials in a report on Thursday, April 11th. They issued a “hold” rating and a $225.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Applied Materials from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $219.04.

Get Our Latest Report on Applied Materials

Applied Materials Company Profile

(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.

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

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