Quantum Private Wealth LLC, an institutional investor, recently purchased 1,586 shares of Applied Materials, Inc. (NASDAQ: AMAT ) shares. The stock is valued at approximately $229,000. This acquisition was disclosed in the company’s most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their AMAT holdings. Relyea Zuckerberg Hanson LLC grew its position by 1.3% in the second quarter, now owning 6,377 shares. Alpha Cubed Investments LLC increased its stake by 1.2% by holding 6,672 shares. Ignite Planners LLC increased its stake by 4.0% and now owns 2,315 shares. Clear Creek Financial Management LLC increased its position by 2.1%, now owns 4,543 shares. Finally, Key Client Fiduciary Advisors LLC increased its stake by 2.3% and now owns 4,131 shares. In total, 77.24% of shares belong to institutional investors and hedge funds.
In other news, CFO Brice Hill recently sold 1,000 shares of Applied Materials stock in a transaction valued at $150,040 106,023. Following the sale, Hill now directly owns 15,907,690.92 shares of the company’s stock, valued at approximately $15,907,690.92.
Applied Materials currently trades at $142.21 per share, with a market cap of $119.39 billion. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30, and a quick ratio of 1.59. Its stock has a 52-week high of $155.26 and a 52-week high of $71.12.
Applied Materials recently reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74. The company’s revenue was $6.43 billion, which is 1.5% less than the same quarter last year. Research analysts expect Applied Materials to post year-end EPS of 7.9.
Additionally, Applied Materials declared a quarterly dividend of $0.32 per share, which represents a dividend yield of 0.90%. The ex-dividend date is set for November 22.
Several analysts have provided ratings and price targets for Applied Materials. The stock currently has a consensus rating of “Moderate Buy” with a target price of $152.44.
Applied Materials is a leading supplier of manufacturing equipment, services and software to the semiconductor, display and related industries. The company operates in three segments: Semiconductor Systems, Applied Global Services and Display and Adjacent Markets.
Source: SEC filing, MarketBeat.com
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2023-10-11 21:08:37
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