Andra AP fonden trimmed its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,100 shares of the manufacturing equipment provider’s stock after selling 10,300 shares during the period. Andra AP fonden’s holdings in Applied Materials were worth $6,881,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC grew its holdings in Applied Materials by 0.3% in the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock valued at $259,000 after purchasing an additional 19 shares during the period. Guardian Life Insurance Co. of America grew its holdings in Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock valued at $162,000 after purchasing an additional 29 shares during the period. Adirondack Trust Co. grew its holdings in Applied Materials by 1.1% in the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock valued at $151,000 after purchasing an additional 40 shares during the period. Affinity Wealth Management grew its holdings in Applied Materials by 0.8% in the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after purchasing an additional 48 shares during the period. Finally, RMB Capital Management LLC grew its holdings in Applied Materials by 1.0% in the first quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock valued at $244,000 after purchasing an additional 60 shares during the period. 79.51% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on AMAT. Vetr raised Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price objective on the stock in a report on Thursday, August 10th. B. Riley reissued a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a report on Tuesday, July 11th. Zacks Investment Research lowered Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reissued a “buy” rating and issued a $61.00 price objective (up from $55.00) on shares of Applied Materials in a report on Friday, August 18th. Finally, Credit Suisse Group raised their price objective on Applied Materials from $5.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.64.
In other news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Shares of Applied Materials, Inc. (AMAT) opened at $56.55 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.25 and a current ratio of 2.91. The stock has a market capitalization of $60,309.84, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. Applied Materials, Inc. has a one year low of $28.02 and a one year high of $57.34.
Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. equities analysts expect that Applied Materials, Inc. will post 3.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is 14.18%.
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Applied Materials Profile
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