Kohmann Bosshard Financial Services LLC Makes New $83,000 Investment in Applied Materials, Inc. (NASDAQ:AMAT)

Kohmann Bosshard Financial Services LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 509 shares of the manufacturing equipment provider’s stock, valued at approximately $83,000.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp raised its holdings in Applied Materials by 1.8% during the 3rd quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock valued at $7,841,178,000 after acquiring an additional 672,548 shares during the period. Geode Capital Management LLC raised its stake in shares of Applied Materials by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock valued at $3,994,968,000 after purchasing an additional 371,866 shares during the period. FMR LLC lifted its holdings in Applied Materials by 5.5% during the 3rd quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock worth $3,316,269,000 after purchasing an additional 858,122 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Applied Materials by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock worth $1,790,554,000 after purchasing an additional 318,445 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Applied Materials by 1.3% in the fourth quarter. Van ECK Associates Corp now owns 6,655,308 shares of the manufacturing equipment provider’s stock valued at $1,082,353,000 after acquiring an additional 84,130 shares during the period. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMAT. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Applied Materials in a report on Friday, November 15th. Needham & Company LLC decreased their price target on shares of Applied Materials from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Barclays dropped their price objective on Applied Materials from $200.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus cut their price objective on Applied Materials from $250.00 to $235.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $164.00 target price (down from $179.00) on shares of Applied Materials in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $215.38.

Insider Buying and Selling at Applied Materials

In other news, CAO Adam Sanders sold 271 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $172.72, for a total transaction of $46,807.12. Following the transaction, the chief accounting officer now directly owns 6,479 shares of the company’s stock, valued at approximately $1,119,052.88. The trade was a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Applied Materials Stock Up 0.9 %

AMAT opened at $158.07 on Monday. Applied Materials, Inc. has a 12 month low of $153.95 and a 12 month high of $255.89. The company has a current ratio of 2.67, a quick ratio of 1.96 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $175.38 and its 200-day moving average price is $182.77. The company has a market cap of $128.42 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.81 and a beta of 1.53.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, February 13th. The manufacturing equipment provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.10. Applied Materials had a return on equity of 39.50% and a net margin of 22.95%. On average, equities analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

Applied Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a yield of 1.01%. Applied Materials’s payout ratio is currently 20.92%.

Applied Materials Company Profile

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.