Applied Materials, Inc. (AMAT) Shares Bought by Brasada Capital Management LP

Brasada Capital Management LP raised its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 400.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,000 shares of the manufacturing equipment provider’s stock after acquiring an additional 4,000 shares during the period. Brasada Capital Management LP’s holdings in Applied Materials were worth $164,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Moody National Bank Trust Division purchased a new stake in Applied Materials in the fourth quarter valued at $25,000. Certified Advisory Corp boosted its holdings in Applied Materials by 59.8% in the fourth quarter. Certified Advisory Corp now owns 1,080 shares of the manufacturing equipment provider’s stock valued at $35,000 after purchasing an additional 404 shares during the last quarter. Essex Savings Bank purchased a new stake in Applied Materials in the fourth quarter valued at $38,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Applied Materials by 168.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,268 shares of the manufacturing equipment provider’s stock valued at $42,000 after purchasing an additional 795 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its holdings in Applied Materials by 222.2% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,450 shares of the manufacturing equipment provider’s stock valued at $47,000 after purchasing an additional 1,000 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors.

AMAT stock opened at $40.85 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.73 and a current ratio of 2.64. Applied Materials, Inc. has a 52-week low of $28.79 and a 52-week high of $62.40. The stock has a market cap of $37.91 billion, a PE ratio of 9.18, a PEG ratio of 1.37 and a beta of 1.69.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4 billion. Sell-side analysts forecast that Applied Materials, Inc. will post 3.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 20th. Applied Materials’s payout ratio is currently 17.98%.

Several research firms have commented on AMAT. Stifel Nicolaus lowered their price target on shares of Applied Materials from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Monday. Zacks Investment Research lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub raised shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. ValuEngine lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Royal Bank of Canada raised shares of Applied Materials from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $38.00 to $45.00 in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.96.

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About Applied Materials

Applied Materials, Inc provides 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.

Further Reading: Insider Trading

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

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