Lindbrook Capital LLC Purchases 83 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Lindbrook Capital LLC increased its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,919 shares of the manufacturing equipment provider’s stock after acquiring an additional 83 shares during the period. Lindbrook Capital LLC’s holdings in Applied Materials were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMAT. Carmel Capital Partners LLC increased its holdings in shares of Applied Materials by 82.6% in the 4th quarter. Carmel Capital Partners LLC now owns 10,882 shares of the manufacturing equipment provider’s stock worth $1,770,000 after buying an additional 4,924 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Applied Materials in the 4th quarter worth $182,962,000. Arizona State Retirement System increased its holdings in shares of Applied Materials by 0.5% in the 4th quarter. Arizona State Retirement System now owns 238,593 shares of the manufacturing equipment provider’s stock worth $38,802,000 after buying an additional 1,280 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Applied Materials by 701.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 26,866 shares of the manufacturing equipment provider’s stock worth $4,369,000 after buying an additional 23,514 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Applied Materials by 25.7% in the 4th quarter. Proficio Capital Partners LLC now owns 4,530 shares of the manufacturing equipment provider’s stock worth $737,000 after buying an additional 926 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

Applied Materials Trading Down 2.4 %

NASDAQ:AMAT opened at $151.54 on Friday. The company has a 50-day moving average price of $174.18 and a 200-day moving average price of $181.57. Applied Materials, Inc. has a 12 month low of $149.55 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 stock has a market cap of $123.12 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.81 and a beta of 1.53.

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

Applied Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. Applied Materials’s payout ratio is 20.92%.

Analyst Ratings Changes

AMAT has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on shares of Applied Materials from $210.00 to $200.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Bank of America cut their price objective on shares of Applied Materials from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Stifel Nicolaus cut their price objective on shares of Applied Materials from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. TD Cowen cut their price objective on shares of Applied Materials from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Susquehanna upped their price objective on shares of Applied Materials from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $215.38.

Insider Buying and Selling

In related news, CAO Adam Sanders sold 271 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $172.72, for a total value of $46,807.12. Following the completion of the transaction, the chief accounting officer now directly owns 6,479 shares in the company, valued at $1,119,052.88. This trade represents a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Applied Materials 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.