Applied Materials, Inc. (AMAT) Short Interest Update
Applied Materials, Inc. (NASDAQ:AMAT) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 10,706,200 shares, a decrease of 30.0% from the October 13th total of 15,286,244 shares. Based on an average daily volume of 9,538,625 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.
In other news, Director Alexander Karsner sold 22,762 shares of the firm’s 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 the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the firm’s 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 disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 valued at $3,101,736,000 after purchasing an additional 1,721,964 shares during the period. State Street Corp boosted its holdings in 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 valued at $2,019,939,000 after purchasing an additional 985,296 shares during the period. Capital Research Global Investors boosted its holdings in 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 valued at $732,213,000 after purchasing an additional 2,284,836 shares during the period. Egerton Capital UK LLP boosted its holdings in 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 valued at $881,359,000 after purchasing an additional 3,184,994 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in 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 valued at $568,067,000 after purchasing an additional 973,818 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.
AMAT has been the topic of several research reports. Vetr upgraded 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 24th. Cowen and Company restated a “buy” rating and issued a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. BidaskClub downgraded Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. B. Riley restated a “buy” rating and issued a $56.00 target price on shares of Applied Materials in a research report on Monday, August 14th. Finally, Zacks Investment Research downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Applied Materials has an average rating of “Buy” and a consensus price target of $56.64.
Shares of Applied Materials (NASDAQ:AMAT) opened at $56.42 on Wednesday. Applied Materials has a one year low of $29.10 and a one year high of $57.34. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $60,821.75, a price-to-earnings ratio of 19.14, a PEG ratio of 0.91 and a beta of 1.85.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. sell-side analysts predict that Applied Materials will post 3.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.
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Applied Materials Company Profile
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