Applied Materials, Inc. (AMAT) Shares Sold by WINTON GROUP Ltd
WINTON GROUP Ltd lowered its position in Applied Materials, Inc. (NASDAQ:AMAT) by 18.5% in the fourth quarter, Holdings Channel reports. The fund owned 246,394 shares of the manufacturing equipment provider’s stock after selling 56,068 shares during the quarter. WINTON GROUP Ltd’s holdings in Applied Materials were worth $12,596,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AMAT. Lansdowne Partners UK LLP bought a new position in Applied Materials in the 4th quarter worth approximately $370,984,000. Jackson Square Partners LLC bought a new position in Applied Materials in the 4th quarter worth approximately $284,833,000. Egerton Capital UK LLP raised its position in Applied Materials by 23.2% in the 3rd quarter. Egerton Capital UK LLP now owns 16,919,928 shares of the manufacturing equipment provider’s stock worth $881,359,000 after purchasing an additional 3,184,994 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Applied Materials in the 3rd quarter worth approximately $97,804,000. Finally, BlackRock Inc. raised its position in Applied Materials by 1.8% in the 4th quarter. BlackRock Inc. now owns 68,889,949 shares of the manufacturing equipment provider’s stock worth $3,521,655,000 after purchasing an additional 1,248,388 shares during the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.
AMAT has been the subject of a number of analyst reports. Deutsche Bank lifted their target price on shares of Applied Materials from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BidaskClub raised shares of Applied Materials from a “hold” rating to a “buy” rating in a report on Thursday. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $61.64 target price for the company in a report on Monday, November 27th. Stifel Nicolaus lifted their target price on shares of Applied Materials from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, KeyCorp lifted their target price on shares of Applied Materials from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Twenty-six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $64.10.
Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.08. Applied Materials had a net margin of 18.53% and a return on equity of 45.17%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business earned $0.67 EPS. sell-side analysts expect that Applied Materials, Inc. will post 4.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This is a positive change from Applied Materials’s previous quarterly dividend of $0.10. This represents a $0.80 dividend on an annualized basis and a yield of 1.38%. Applied Materials’s dividend payout ratio is presently 11.14%.
Applied Materials declared that its Board of Directors has authorized a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the manufacturing equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In related news, VP Omkaram Nalamasu sold 53,466 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $53.00, for a total value of $2,833,698.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ali Salehpour sold 125,125 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $51.47, for a total transaction of $6,440,183.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,716 shares of company stock valued at $15,928,746. Company insiders own 0.35% of the company’s stock.
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Applied Materials Company Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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