Marshall Financial Group LLC Has $533,000 Stock Holdings in Applied Materials, Inc. (NASDAQ:AMAT)

Marshall Financial Group LLC decreased its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 81.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,259 shares of the manufacturing equipment provider’s stock after selling 9,630 shares during the period. Marshall Financial Group LLC’s holdings in Applied Materials were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Applied Materials during the fourth quarter worth about $1,514,814,000. Swedbank AB acquired a new stake in Applied Materials during the 1st quarter valued at $773,611,000. Wellington Management Group LLP raised its position in Applied Materials by 3,940.1% in the 4th quarter. Wellington Management Group LLP now owns 2,175,766 shares of the manufacturing equipment provider’s stock valued at $352,626,000 after purchasing an additional 2,121,912 shares during the last quarter. Janus Henderson Group PLC raised its position in Applied Materials by 126.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,254,952 shares of the manufacturing equipment provider’s stock valued at $464,974,000 after purchasing an additional 1,259,111 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Applied Materials by 123.5% in 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 purchasing an additional 1,092,429 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Brice Hill sold 20,000 shares of the 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Brice Hill sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was 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 directly owns 108,356 shares of the company’s stock, valued at $24,091,873.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Teri A. Little sold 7,500 shares of Applied Materials stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $213.02, for a total value 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. In the last three months, insiders have sold 89,827 shares of company stock worth $21,382,560. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America raised their target price on Applied Materials from $222.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Applied Materials from $260.00 to $230.00 and set a “hold” rating for the company in a research note on Friday. UBS Group decreased their price target on shares of Applied Materials from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Applied Materials from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Mizuho increased their price objective on Applied Materials from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.14.

Applied Materials Trading Down 0.2 %

AMAT opened at $207.57 on Monday. The firm’s fifty day moving average is $222.50 and its two-hundred day moving average is $210.02. The firm has a market cap of $171.86 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.45 and a beta of 1.56. Applied Materials, Inc. has a twelve month low of $129.21 and a twelve month high of $255.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.97 and a current ratio of 2.80.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.02 by $0.10. Applied Materials had a return on equity of 41.22% and a net margin of 27.57%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the business posted $1.90 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Applied Materials, Inc. will post 8.31 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 0.77%. 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.