Applied Materials, Inc. (AMAT) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,144,229 shares of the manufacturing equipment provider’s stock after purchasing an additional 133,203 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Applied Materials worth $59,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMAT. Summit Financial Wealth Advisors LLC increased its position in Applied Materials by 0.3% during the second quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after acquiring an additional 19 shares during the period. Adirondack Trust Co. increased its position in Applied Materials by 1.1% during the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after acquiring an additional 40 shares during the period. Affinity Wealth Management increased its position in Applied Materials by 0.8% during the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after acquiring an additional 48 shares during the period. Wunderlich Capital Managemnt increased its position in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after acquiring an additional 87 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its position in Applied Materials by 0.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock worth $864,000 after acquiring an additional 97 shares during the period. 79.35% of the stock is currently owned by institutional investors.

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A number of equities analysts recently commented on AMAT shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Applied Materials in a research report on Friday, October 27th. Bank of America Corporation raised their price target on shares of Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $58.00 price target on shares of Applied Materials in a research report on Thursday, October 12th. Finally, Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.35.

In related news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total transaction of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

Applied Materials, Inc. (AMAT) traded down $1.35 during trading hours on Friday, reaching $56.49. 27,143,170 shares of the company traded hands, compared to its average volume of 9,864,950. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. Applied Materials, Inc. has a twelve month low of $29.85 and a twelve month high of $60.89. The firm has a market cap of $61,690.00, a P/E ratio of 18.93, a PEG ratio of 0.90 and a beta of 1.85.

Applied Materials (NASDAQ:AMAT) last posted its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the company earned $0.66 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. equities analysts predict that Applied Materials, Inc. will post 3.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.71%. Applied Materials’s dividend payout ratio is presently 14.18%.

Applied Materials Company Profile

Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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