Wealthfront Advisers LLC Sells 1,467 Shares of Applied Materials, Inc. (NASDAQ:AMAT)

Wealthfront Advisers LLC trimmed its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,789 shares of the manufacturing equipment provider's stock after selling 1,467 shares during the period. Wealthfront Advisers LLC's holdings in Applied Materials were worth $16,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Eagle Capital Management LLC grew its stake in Applied Materials by 1.8% in the fourth quarter. Eagle Capital Management LLC now owns 16,004 shares of the manufacturing equipment provider's stock valued at $2,603,000 after purchasing an additional 290 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Applied Materials by 28.0% during the 4th quarter. Brighton Jones LLC now owns 12,674 shares of the manufacturing equipment provider's stock valued at $2,061,000 after acquiring an additional 2,771 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Applied Materials by 25.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,530 shares of the manufacturing equipment provider's stock valued at $737,000 after acquiring an additional 926 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Applied Materials by 1.7% during the 4th quarter. Parallel Advisors LLC now owns 17,723 shares of the manufacturing equipment provider's stock valued at $2,882,000 after acquiring an additional 295 shares during the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Applied Materials by 7.7% during the 4th quarter. TCTC Holdings LLC now owns 977 shares of the manufacturing equipment provider's stock valued at $159,000 after acquiring an additional 70 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Applied Materials news, CAO Adam Sanders sold 562 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the transaction, the chief accounting officer directly owned 5,300 shares in the company, valued at approximately $946,580. This trade represents a 9.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Applied Materials Price Performance

NASDAQ AMAT traded down $4.48 during trading hours on Wednesday, reaching $194.81. 9,398,598 shares of the company's stock were exchanged, compared to its average volume of 7,135,283. The stock has a market cap of $156.33 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.69. Applied Materials, Inc. has a one year low of $123.74 and a one year high of $247.52. The firm has a fifty day moving average of $173.69 and a 200-day moving average of $165.38. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The manufacturing equipment provider reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.08. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.12 billion. Applied Materials had a return on equity of 40.15% and a net margin of 24.06%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. On average, equities research analysts predict that Applied Materials, Inc. will post 9.38 earnings per share for the current fiscal year.

Applied Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.46 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.84 dividend on an annualized basis and a yield of 0.94%. Applied Materials's payout ratio is 22.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMAT shares. Wall Street Zen lowered Applied Materials from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Rothschild & Co Redburn lowered Applied Materials from a "buy" rating to a "neutral" rating and set a $200.00 price objective on the stock. in a report on Monday, July 7th. Jefferies Financial Group raised Applied Materials from a "hold" rating to a "buy" rating and set a $195.00 price objective on the stock in a report on Friday, March 28th. Stifel Nicolaus decreased their target price on Applied Materials from $235.00 to $195.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company increased their target price on Applied Materials from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Applied Materials has an average rating of "Moderate Buy" and an average target price of $204.74.

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.