Fragasso Group Inc., a hedge fund, has reported a significant increase in its holdings of shares in Applied Materials, Inc. According to the Fragasso Group’s recent filing with the Securities and Exchange Commission, the firm now owns 26,714 shares of Applied Materials, a 413.4% increase from the previous quarter. The total value of their holdings in the manufacturing equipment provider’s stock amounts to $3,861,000.
Other hedge funds and institutional investors have also made changes to their positions in Applied Materials. CVA Family Office LLC increased its stake by 7.9%, DNB Asset Management AS lifted its holdings by 3.2%, Woodstock Corp increased its holdings by 3.3%, Indiana Trust & Investment Management CO lifted its stake by 3.1%, and Nordea Investment Management AB raised its holdings by 0.5%.
Applied Materials, Inc. is a leading provider of manufacturing equipment for the semiconductor industry. The company’s stock has been performing well, with a 12-month high of $155.26. On Friday, the stock traded at $137.80.
Applied Materials recently announced its quarterly dividend, with stockholders of record on November 24th set to receive a $0.32 dividend. The company’s dividend payout ratio currently stands at 16.89%.
The stock has received positive ratings from several research analysts. Berenberg Bank and Citigroup have both given the stock a “buy” rating, while The Goldman Sachs Group and Sanford C. Bernstein raised their target prices for the stock. Overall, analysts predict that Applied Materials, Inc. will post earnings per share of 7.85 for the current fiscal year.
Insider activity has also been observed at Applied Materials. The Chief Financial Officer, Brice Hill, recently sold 1,000 shares of the company’s stock, while Senior Vice President Teri A. Little sold 10,000 shares.
Sources:
– Fragasso Group Inc.
– Securities and Exchange Commission (SEC)
– CVA Family Office LLC
– DNB Asset Management AS
– Woodstock Corp
– Indiana Trust & Investment Management CO
– Nordea Investment Management AB
– Berenberg Bank
– StockNews.com
– Citigroup
– The Goldman Sachs Group
– Sanford C. Bernstein
– MarketBeat
– SEC website
Applied Materials, Inc. is a leading provider of manufacturing equipment for the semiconductor industry. The company’s stock has been performing well, with a 12-month high of $155.26. On Friday, the stock traded at $137.80.
Applied Materials recently announced its quarterly dividend, with stockholders of record on November 24th set to receive a $0.32 dividend. The company’s dividend payout ratio currently stands at 16.89%.
The stock has received positive ratings from several research analysts. Berenberg Bank and Citigroup have both given the stock a “buy” rating, while The Goldman Sachs Group and Sanford C. Bernstein raised their target prices for the stock. Overall, analysts predict that Applied Materials, Inc. will post earnings per share of 7.85 for the current fiscal year.
Insider activity has also been observed at Applied Materials. The Chief Financial Officer, Brice Hill, recently sold 1,000 shares of the company’s stock, while Senior Vice President Teri A. Little sold 10,000 shares.
Sources:
– Fragasso Group Inc.
– Securities and Exchange Commission (SEC)
– CVA Family Office LLC
– DNB Asset Management AS
– Woodstock Corp
– Indiana Trust & Investment Management CO
– Nordea Investment Management AB
– Berenberg Bank
– StockNews.com
– Citigroup
– The Goldman Sachs Group
– Sanford C. Bernstein
– MarketBeat
– SEC website