Mosaic Family Wealth Partners LLC Has $1.51 Million Stock Position in Applied Materials, Inc. (NASDAQ:AMAT)

Mosaic Family Wealth Partners LLC reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 15.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,320 shares of the manufacturing equipment provider’s stock after selling 1,360 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Applied Materials were worth $1,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Applied Materials during the fourth quarter worth $1,514,814,000. Swedbank AB acquired a new stake in shares of Applied Materials during the first quarter worth $773,611,000. Wellington Management Group LLP increased its position in shares of Applied Materials by 3,940.1% during the fourth quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock worth $352,626,000 after buying an additional 2,121,912 shares during the period. Janus Henderson Group PLC increased its position in shares of Applied Materials by 126.4% during the first quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock worth $464,974,000 after buying an additional 1,259,111 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Applied Materials by 123.5% during the first quarter. Assenagon Asset Management S.A. now owns 1,976,914 shares of the manufacturing equipment provider’s stock worth $407,699,000 after buying an additional 1,092,429 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on AMAT shares. Raymond James raised their price target on shares of Applied Materials from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Evercore ISI started coverage on shares of Applied Materials in a report on Tuesday, April 16th. They issued an “outperform” rating and a $260.00 price target for the company. Jefferies Financial Group cut shares of Applied Materials from a “buy” rating to a “hold” rating and reduced their price target for the stock from $215.00 to $210.00 in a report on Monday, May 13th. JPMorgan Chase & Co. raised their price target on shares of Applied Materials from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Mizuho raised their price target on shares of Applied Materials from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.84.

Insider Transactions at Applied Materials

In other news, insider Prabu G. Raja sold 50,000 shares of Applied Materials stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $249.17, for a total value of $12,458,500.00. Following the completion of the transaction, the insider now owns 458,417 shares in the company, valued at $114,223,763.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Prabu G. Raja sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $249.17, for a total transaction of $12,458,500.00. Following the completion of the transaction, the insider now owns 458,417 shares of the company’s stock, valued at $114,223,763.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Teri A. Little sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $221.62, for a total transaction of $554,050.00. Following the transaction, the senior vice president now directly owns 76,212 shares of the company’s stock, valued at approximately $16,890,103.44. The disclosure for this sale can be found here. Insiders sold 89,827 shares of company stock worth $21,382,560 over the last quarter. Corporate insiders own 0.29% of the company’s stock.

Applied Materials Stock Performance

NASDAQ AMAT traded down $14.49 during trading hours on Friday, reaching $181.81. 12,991,632 shares of the company were exchanged, compared to its average volume of 6,521,505. Applied Materials, Inc. has a 1 year low of $129.21 and a 1 year high of $255.89. The business’s 50 day simple moving average is $227.41 and its 200-day simple moving average is $207.78. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $150.53 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.45 and a beta of 1.56.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, May 16th. The manufacturing equipment provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Applied Materials had a net margin of 27.57% and a return on equity of 41.22%. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter last year, the company posted $2.00 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts expect that Applied Materials, Inc. will post 8.31 earnings per share for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Applied Materials’s payout ratio is 18.39%.

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.