Bluestein R H & Co. purchased a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,000 shares of the manufacturing equipment provider’s stock, valued at approximately $521,000.
A number of other institutional investors have also recently bought and sold shares of AMAT. Meridian Wealth Management LLC purchased a new stake in Applied Materials during the 2nd quarter valued at about $250,000. Campbell & CO Investment Adviser LLC purchased a new stake in Applied Materials during the 2nd quarter valued at about $259,000. Valicenti Advisory Services Inc. purchased a new stake in Applied Materials during the 2nd quarter valued at about $207,000. Sumitomo Life Insurance Co. grew its stake in Applied Materials by 4.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 34,154 shares of the manufacturing equipment provider’s stock valued at $1,411,000 after purchasing an additional 1,439 shares during the last quarter. Finally, NGAM Advisors L.P. grew its stake in Applied Materials by 2.4% during the 2nd quarter. NGAM Advisors L.P. now owns 71,523 shares of the manufacturing equipment provider’s stock valued at $2,955,000 after purchasing an additional 1,643 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.
Several analysts have weighed in on AMAT shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Applied Materials in a research note on Friday, October 27th. Bank of America boosted their price target on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a research note on Monday, November 13th. Credit Suisse Group reiterated a “buy” rating on shares of Applied Materials in a research note on Tuesday, August 29th. Finally, Deutsche Bank restated a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $60.99.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $49.77 on Tuesday. Applied Materials, Inc. has a one year low of $31.21 and a one year high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $53,080.00, a PE ratio of 15.97, a PEG ratio of 0.99 and a beta of 1.80.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results 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. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. Applied Materials’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. research analysts expect that Applied Materials, Inc. will post 3.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Applied Materials’s dividend payout ratio is currently 12.62%.
In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen R. Forrest sold 5,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
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About Applied Materials
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