Applied Materials, Inc. (AMAT) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its position in Applied Materials, Inc. (NASDAQ:AMAT) by 33.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,599 shares of the manufacturing equipment provider’s stock after selling 6,691 shares during the period. Banco Santander S.A.’s holdings in Applied Materials were worth $525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rational Advisors LLC increased its position in Applied Materials by 5,102.0% during the second quarter. Rational Advisors LLC now owns 2,601 shares of the manufacturing equipment provider’s stock worth $120,000 after buying an additional 2,551 shares in the last quarter. ELM Advisors LLC purchased a new position in Applied Materials during the third quarter worth $157,000. Amussen Hunsaker Associates LLC purchased a new position in Applied Materials during the second quarter worth $162,000. LFA Lugano Financial Advisors SA purchased a new position in Applied Materials during the second quarter worth $177,000. Finally, Freestone Capital Holdings LLC purchased a new position in Applied Materials during the third quarter worth $200,000. 78.74% of the stock is owned by hedge funds and other institutional investors.

AMAT stock opened at $37.28 on Friday. Applied Materials, Inc. has a 52-week low of $30.53 and a 52-week high of $62.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.73 and a current ratio of 2.64. The firm has a market cap of $35.92 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.60.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. Applied Materials had a return on equity of 62.56% and a net margin of 19.20%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4 billion. As a group, equities research analysts predict that Applied Materials, Inc. will post 3.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, November 21st. Applied Materials’s dividend payout ratio (DPR) is 17.98%.

AMAT has been the subject of several recent research reports. BidaskClub downgraded Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 11th. Deutsche Bank dropped their price target on Applied Materials from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, August 17th. ValuEngine downgraded Applied Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. KeyCorp reissued an “overweight” rating and set a $56.00 price target (down previously from $71.00) on shares of Applied Materials in a research report on Friday, November 16th. Finally, Zacks Investment Research downgraded Applied Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $52.14.

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Applied Materials Company Profile

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

Further Reading: Systematic Risk

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

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