Applied Materials, Inc. (AMAT) Shares Sold by Polianta Ltd

Polianta Ltd trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,800 shares of the manufacturing equipment provider’s stock after selling 4,300 shares during the period. Polianta Ltd’s holdings in Applied Materials were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mathes Company Inc. purchased a new position in Applied Materials in the 3rd quarter valued at approximately $1,613,000. Janus Henderson Group PLC grew its stake in Applied Materials by 5.7% in the 3rd quarter. Janus Henderson Group PLC now owns 12,097,037 shares of the manufacturing equipment provider’s stock valued at $630,146,000 after buying an additional 650,755 shares in the last quarter. Bridgewater Associates LP purchased a new position in Applied Materials in the 2nd quarter valued at approximately $8,834,000. Paragon Capital Management Ltd purchased a new position in Applied Materials in the 3rd quarter valued at approximately $267,000. Finally, Swiss National Bank grew its stake in Applied Materials by 0.4% in the 3rd quarter. Swiss National Bank now owns 3,962,722 shares of the manufacturing equipment provider’s stock valued at $206,418,000 after buying an additional 17,400 shares in the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $54.86 on Wednesday. Applied Materials, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $60.89. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The stock has a market cap of $57,950.00, a price-to-earnings ratio of 17.31, a PEG ratio of 1.07 and a beta of 1.81.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the firm posted $0.66 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. research analysts predict that Applied Materials, Inc. will post 4.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio is currently 12.62%.

A number of research analysts have recently commented on the stock. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 price target for the company in a research report on Monday, November 20th. B. Riley restated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a research report on Monday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of Applied Materials to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, November 28th. Finally, Craig Hallum restated a “buy” rating and set a $76.00 price target (up from $60.00) on shares of Applied Materials in a research report on Thursday, September 28th. One research analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.22.

In other Applied Materials news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock valued at $16,218,746 over the last ninety days. 0.31% of the stock is currently owned by insiders.

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Applied Materials Profile

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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