Applied Materials, Inc. (AMAT) Position Lowered by Rational Advisors LLC
Rational Advisors LLC cut its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,300 shares of the manufacturing equipment provider’s stock after selling 1,300 shares during the period. Rational Advisors LLC’s holdings in Applied Materials were worth $380,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in AMAT. Janus Henderson Group PLC boosted its position in shares of Applied Materials by 390.4% during the second quarter. Janus Henderson Group PLC now owns 11,446,282 shares of the manufacturing equipment provider’s stock valued at $472,835,000 after buying an additional 9,112,328 shares during the last quarter. Swedbank purchased a new stake in shares of Applied Materials during the second quarter valued at $135,363,000. Egerton Capital UK LLP boosted its position in shares of Applied Materials by 23.2% during the third quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock valued at $881,359,000 after buying an additional 3,184,994 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Applied Materials by 14.8% during the second quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after buying an additional 2,284,836 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Applied Materials by 108.7% during the second quarter. Parametric Portfolio Associates LLC now owns 3,690,615 shares of the manufacturing equipment provider’s stock valued at $152,459,000 after buying an additional 1,922,233 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.
In other Applied Materials news, Director Alexander Karsner sold 22,762 shares of Applied Materials stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
AMAT has been the topic of several recent analyst reports. 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 target price on Applied Materials from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Credit Suisse Group reissued a “buy” rating on shares of Applied Materials in a research report on Tuesday, August 29th. Deutsche Bank AG reissued a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a research report on Thursday, October 12th. Finally, Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 target price on the stock in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.79.
Shares of Applied Materials, Inc. (AMAT) traded up $0.98 on Tuesday, reaching $58.60. The company had a trading volume of 4,565,818 shares, compared to its average volume of 10,140,000. 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 52 week low of $29.85 and a 52 week high of $60.89. The company has a market cap of $62,500.00, a P/E ratio of 17.38, a PEG ratio of 0.87 and a beta of 1.85.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. equities research analysts predict that Applied Materials, Inc. will post 3.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s payout ratio is 12.62%.
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