Artemis Investment Management LLP lifted its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 153.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 192,782 shares of the manufacturing equipment provider’s stock after purchasing an additional 116,646 shares during the quarter. Artemis Investment Management LLP’s holdings in Applied Materials were worth $9,611,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. JNBA Financial Advisors grew its position in shares of Applied Materials by 0.8% in the 2nd quarter. JNBA Financial Advisors now owns 24,070 shares of the manufacturing equipment provider’s stock valued at $1,081,000 after purchasing an additional 200 shares during the period. Hartford Financial Management Inc. grew its position in shares of Applied Materials by 0.6% in the 2nd quarter. Hartford Financial Management Inc. now owns 42,875 shares of the manufacturing equipment provider’s stock valued at $1,926,000 after purchasing an additional 248 shares during the period. ETRADE Capital Management LLC grew its position in shares of Applied Materials by 3.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,725 shares of the manufacturing equipment provider’s stock valued at $347,000 after purchasing an additional 248 shares during the period. Park Avenue Securities LLC boosted its position in Applied Materials by 4.2% during the 2nd quarter. Park Avenue Securities LLC now owns 6,320 shares of the manufacturing equipment provider’s stock worth $284,000 after acquiring an additional 257 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its position in Applied Materials by 4.0% during the 3rd quarter. Pennsylvania Trust Co now owns 7,187 shares of the manufacturing equipment provider’s stock worth $359,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
In other news, Director Stephen R. Forrest sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.00, for a total transaction of $138,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Steve G. Ghanayem sold 25,727 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $52.12, for a total value of $1,340,891.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,945 shares of company stock worth $2,776,105. Company insiders own 0.44% of the company’s stock.
Shares of Applied Materials stock opened at $51.75 on Friday. Applied Materials, Inc. has a 12-month low of $28.79 and a 12-month high of $52.62. The stock has a market cap of $45.55 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.29 and a beta of 1.65. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $49.66 and its 200-day moving average is $45.24.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was down 14.4% compared to the same quarter last year. On average, sell-side analysts expect that Applied Materials, Inc. will post 3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, November 20th. Applied Materials’s dividend payout ratio is currently 18.88%.
A number of research firms have weighed in on AMAT. ValuEngine downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. B. Riley set a $54.00 price target on Applied Materials and gave the stock a “buy” rating in a research report on Friday, August 16th. BidaskClub raised Applied Materials from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 4th. Susquehanna Bancshares set a $60.00 price target on Applied Materials and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Needham & Company LLC upped their price target on Applied Materials from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Ten analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Applied Materials currently has a consensus rating of “Buy” and an average target price of $52.10.
Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It 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.
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