Applied Materials, Inc. (NASDAQ:AMAT) VP Thomas F. Larkins sold 30,000 shares of Applied Materials stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.89% during trading on Friday, hitting $52.40. The company had a trading volume of 8,507,912 shares. The stock has a market capitalization of $55.88 billion, a price-to-earnings ratio of 18.63 and a beta of 1.86. The company’s 50 day moving average price is $46.55 and its 200-day moving average price is $43.73. Applied Materials, Inc. has a 1-year low of $27.56 and a 1-year high of $52.63. Applied Materials also was the target of unusually large options trading on Wednesday. Traders purchased 2,307 call options on the stock. This represents an increase of 118% compared to the typical daily volume of 1,060 call options.

Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned $0.50 EPS. Applied Materials’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, analysts expect that Applied Materials, Inc. will post $3.20 EPS for the current year.

The business 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 of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 0.76%. Applied Materials’s payout ratio is 14.18%.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC grew its position in Applied Materials by 0.3% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after acquiring an additional 19 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in Applied Materials by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after acquiring an additional 29 shares during the last quarter. Adirondack Trust Co. grew its position in Applied Materials by 1.1% during the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after acquiring an additional 40 shares during the last quarter. Affinity Wealth Management grew its position in Applied Materials by 0.8% during the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after acquiring an additional 48 shares during the last quarter. Finally, RMB Capital Management LLC grew its position in Applied Materials by 1.0% during the 1st quarter. RMB Capital Management LLC now owns 6,280 shares of the manufacturing equipment provider’s stock worth $244,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

A number of research analysts have issued reports on AMAT shares. Craig Hallum lifted their target price on Applied Materials to $60.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Credit Suisse Group AG reiterated a “buy” rating and issued a $62.00 target price on shares of Applied Materials in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $48.00 target price (up previously from $46.00) on shares of Applied Materials in a research report on Sunday, August 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $55.00 target price on shares of Applied Materials in a research report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.01.

Applied Materials Company Profile

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