Winslow Evans & Crocker Inc. decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 39.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,600 shares of the manufacturing equipment provider’s stock after selling 13,926 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Applied Materials were worth $1,104,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mathes Company Inc. bought a new position in shares of Applied Materials in the 3rd quarter valued at about $1,613,000. Prudential Financial Inc. lifted its stake in Applied Materials by 1.1% in the 3rd quarter. Prudential Financial Inc. now owns 6,119,749 shares of the manufacturing equipment provider’s stock valued at $318,778,000 after purchasing an additional 64,186 shares during the last quarter. Janus Henderson Group PLC lifted 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 purchasing an additional 650,755 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in Applied Materials in the 3rd quarter valued at about $267,000. Finally, Swiss National Bank lifted 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 purchasing an additional 17,400 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.
AMAT has been the subject of several recent analyst reports. UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating in a research note on Tuesday. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 target price on shares of Applied Materials in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Needham & Company LLC raised their target price on shares of Applied Materials to $66.00 and gave the company a “positive” rating in a research note on Friday, November 17th. Finally, Susquehanna Bancshares upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating and raised their target price for the company from $60.00 to $72.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Applied Materials has an average rating of “Buy” and a consensus price target of $62.76.
Applied Materials, Inc. (NASDAQ:AMAT) remained flat at $$57.40 during midday trading on Friday. 11,460,000 shares of the company traded hands, compared to its average volume of 11,870,000. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.14 and a quick ratio of 2.43. Applied Materials, Inc. has a 1-year low of $33.56 and a 1-year high of $60.89. The company has a market capitalization of $60,630.00, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.12 and a beta of 1.81.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating 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 business earned $0.66 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. research analysts predict that Applied Materials, Inc. will post 4.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.70%. Applied Materials’s payout ratio is 12.62%.
In other news, Director Stephen R. Forrest sold 5,000 shares of Applied Materials stock in a transaction that occurred 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 can be accessed through this hyperlink. Also, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction that occurred on Friday, December 29th. The shares were 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. Over the last quarter, insiders sold 312,716 shares of company stock valued at $16,218,746. 0.31% of the stock is owned by company insiders.
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Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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