Dynamic Technology Lab Private Ltd raised its position in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 115.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,097 shares of the manufacturing equipment provider’s stock after buying an additional 10,239 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Applied Materials were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Polianta Ltd bought a new stake in Applied Materials in the 2nd quarter valued at $1,036,000. Xact Kapitalforvaltning AB increased its stake in shares of Applied Materials by 4.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 233,221 shares of the manufacturing equipment provider’s stock worth $9,634,000 after purchasing an additional 9,066 shares during the last quarter. Centre Asset Management LLC increased its stake in shares of Applied Materials by 2.8% during the 2nd quarter. Centre Asset Management LLC now owns 134,000 shares of the manufacturing equipment provider’s stock worth $5,536,000 after purchasing an additional 3,670 shares during the last quarter. Capital One National Association acquired a new position in Applied Materials in the 2nd quarter valued at about $219,000. Finally, Charter Trust Co. grew its stake in Applied Materials by 2.3% in the 2nd quarter. Charter Trust Co. now owns 39,064 shares of the manufacturing equipment provider’s stock valued at $1,613,000 after buying an additional 894 shares during the last quarter. 78.58% of the stock is owned by institutional investors.
AMAT has been the topic of a number of research reports. Craig Hallum upped their price target on shares of Applied Materials to $60.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price objective on shares of Applied Materials in a report on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Needham & Company LLC increased their price objective on shares of Applied Materials to $66.00 and gave the company a “positive” rating in a research note on Friday, November 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $48.00 price objective (up previously from $46.00) on shares of Applied Materials in a research note on Sunday, August 20th. Two equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $61.15.
In other news, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction dated 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 SEC, which is available through this link. Also, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Shares of Applied Materials, Inc. (AMAT) traded up $1.29 on Thursday, hitting $52.30. 14,673,722 shares of the stock were exchanged, compared to its average volume of 10,099,590. The company has a market cap of $55,890.00, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.80. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a 1 year low of $31.66 and a 1 year high of $60.89.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the business posted $0.66 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. equities research analysts forecast that Applied Materials, Inc. will post 3.96 EPS for the current year.
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About Applied Materials
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