Bremer Trust National Association lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,979 shares of the manufacturing equipment provider’s stock after selling 1,894 shares during the quarter. Bremer Trust National Association’s holdings in Applied Materials were worth $663,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Applied Materials by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after acquiring an additional 1,721,964 shares during the period. State Street Corp lifted its holdings in shares of Applied Materials by 2.1% in the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock worth $2,019,939,000 after buying an additional 985,296 shares during the period. Capital Research Global Investors lifted its holdings in shares of Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock worth $732,213,000 after buying an additional 2,284,836 shares during the period. Egerton Capital UK LLP lifted its holdings in shares of Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after buying an additional 3,184,994 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 worth $630,146,000 after buying an additional 650,755 shares during the period. 79.55% of the stock is currently owned by institutional investors.
In other news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen R. Forrest sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $53.67, for a total value of $214,680.00. The disclosure for this sale can be found here. Insiders sold a total of 312,716 shares of company stock worth $16,218,746 in the last ninety days. 0.35% of the stock is owned by corporate insiders.
Applied Materials, Inc. (NASDAQ:AMAT) traded down $2.60 on Friday, hitting $50.68. The stock had a trading volume of 16,381,200 shares, compared to its average volume of 11,390,000. The firm has a market capitalization of $53,390.00, a PE ratio of 15.99, a P/E/G ratio of 0.99 and a beta of 1.72. Applied Materials, Inc. has a twelve month low of $34.58 and a twelve month high of $60.89. 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 (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, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts forecast that Applied Materials, Inc. will post 4.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, February 20th. Applied Materials’s dividend payout ratio is presently 12.62%.
Several research firms have recently commented on AMAT. Citigroup reissued a “buy” rating and issued a $58.00 price target on shares of Applied Materials in a research report on Thursday, October 12th. Deutsche Bank reaffirmed a “buy” rating and set a $58.00 target price on shares of Applied Materials in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. B. Riley reissued a “buy” rating and issued a $63.00 price objective on shares of Applied Materials in a report on Monday, November 13th. Finally, Bank of America increased their price objective on Applied Materials from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Applied Materials currently has a consensus rating of “Buy” and a consensus target price of $62.56.
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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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