Insight Capital Research & Management Inc. bought a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,436 shares of the manufacturing equipment provider’s stock, valued at approximately $1,533,000.

Other large investors have also recently modified their holdings of the company. LeJeune Puetz Investment Counsel LLC acquired a new stake in Applied Materials during the third quarter worth approximately $105,000. MPS Loria Financial Planners LLC acquired a new stake in Applied Materials during the second quarter worth approximately $109,000. Wunderlich Capital Managemnt lifted 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 last quarter. Bessemer Group Inc. lifted its position in Applied Materials by 145.4% during the second quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Applied Materials during the second quarter worth approximately $134,000. Institutional investors and hedge funds own 79.15% of the company’s stock.

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 value of $1,537,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Applied Materials, Inc. (AMAT) opened at $51.62 on Tuesday. The stock has a market cap of $54,849.42, a P/E ratio of 15.82, a P/E/G ratio of 0.98 and a beta of 1.80. 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 one year low of $31.66 and a one 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. equities analysts anticipate that Applied Materials, Inc. will post 3.96 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 target price on the stock. in a report on Tuesday, November 21st. Nomura reaffirmed a “buy” rating and set a $65.00 target price (up from $55.00) on shares of Applied Materials in a report on Tuesday, November 21st. Royal Bank of Canada raised their target price on shares of Applied Materials from $55.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Credit Suisse Group raised their target price on shares of Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Finally, Needham & Company LLC raised their target price on shares of Applied Materials to $66.00 and gave the stock a “positive” rating in a report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $61.15.

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About Applied Materials

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

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