Unigestion Holding SA lessened its position in Applied Materials, Inc. (NASDAQ:AMAT) by 44.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,710 shares of the manufacturing equipment provider’s stock after selling 11,608 shares during the period. Unigestion Holding SA’s holdings in Applied Materials were worth $734,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of AMAT. Northwest Investment Counselors LLC purchased a new stake in Applied Materials in the third quarter valued at approximately $29,000. Next Capital Management LLC purchased a new stake in Applied Materials during the second quarter worth approximately $35,000. Horan Capital Advisors LLC. purchased a new stake in Applied Materials during the third quarter worth approximately $39,000. Sandy Spring Bank grew its stake in Applied Materials by 57.4% during the second quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock worth $35,000 after buying an additional 287 shares during the period. Finally, Coastal Capital Group Inc. purchased a new stake in Applied Materials during the second quarter worth approximately $36,000. 79.06% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the stock. Deutsche Bank boosted their price objective on shares of Applied Materials from $47.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, October 10th. DZ Bank downgraded shares of Applied Materials from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research note on Tuesday, October 29th. Susquehanna Bancshares set a $60.00 price objective on shares of Applied Materials and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price objective on shares of Applied Materials from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Co reiterated a “positive” rating and set a $58.00 price objective (up from $52.00) on shares of Applied Materials in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Applied Materials currently has an average rating of “Buy” and a consensus target price of $53.23.
Shares of AMAT stock traded up $0.09 on Friday, hitting $56.03. The stock had a trading volume of 3,313,800 shares, compared to its average volume of 9,191,457. The firm has a market capitalization of $51.62 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 3.40 and a beta of 1.66. Applied Materials, Inc. has a 52-week low of $28.79 and a 52-week high of $57.29. The stock’s 50 day moving average is $52.53 and its 200-day moving average is $46.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 2.65.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.53 billion. Applied Materials had a net margin of 19.40% and a return on equity of 39.37%. The company’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Equities analysts expect that Applied Materials, Inc. will post 3 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.50%. Applied Materials’s dividend payout ratio is currently 18.88%.
In other news, Director Stephen R. Forrest sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.00, for a total transaction of $138,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steve G. Ghanayem sold 25,727 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $52.12, for a total transaction of $1,340,891.24. The disclosure for this sale can be found here. Insiders have sold 53,945 shares of company stock valued at $2,776,105 in the last 90 days. Insiders own 0.44% of the company’s stock.
About Applied Materials
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
Featured Article: Why are trading ranges significant?
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.