Legal & General Group Plc raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,651,969 shares of the manufacturing equipment provider’s stock after acquiring an additional 135,447 shares during the period. Legal & General Group Plc owned approximately 0.53% of Applied Materials worth $294,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Applied Materials by 2.3% in the second quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock worth $3,101,736,000 after buying an additional 1,721,964 shares during the last quarter. State Street Corp raised its holdings in shares of Applied Materials by 2.1% in the second 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 last quarter. Capital Research Global Investors raised its holdings in shares of Applied Materials by 14.8% in the second 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 last quarter. Egerton Capital UK LLP raised its holdings in shares of Applied Materials by 23.2% in the third 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 last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Applied Materials by 7.6% in the second quarter. TIAA CREF Investment Management LLC now owns 13,751,324 shares of the manufacturing equipment provider’s stock worth $568,067,000 after buying an additional 973,818 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

In related news, VP Thomas F. Larkins sold 30,000 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

A number of research firms have issued reports on AMAT. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 price target for the company. in a report on Tuesday, November 21st. Nomura reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $55.00) on shares of Applied Materials in a report on Tuesday, November 21st. Royal Bank Of Canada raised their price target 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 price target 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 price target on shares of Applied Materials to $66.00 and gave the stock a “positive” rating in a report on Friday, November 17th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.85.

Shares of Applied Materials, Inc. (AMAT) opened at $57.91 on Monday. The company has a market cap of $61,760.27, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.11 and a beta of 1.85. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a 52-week low of $29.85 and a 52-week high of $60.89.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. equities analysts expect that Applied Materials, Inc. will post 3.93 EPS for the current year.

The company also recently declared 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 is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.69%. Applied Materials’s dividend payout ratio is presently 12.62%.

ILLEGAL ACTIVITY NOTICE: “Applied Materials, Inc. (AMAT) Holdings Raised by Legal & General Group Plc” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/applied-materials-inc-amat-holdings-raised-by-legal-general-group-plc/1728321.html.

Applied Materials Profile

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

Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.