BTC Capital Management Inc. reduced its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 6.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 121,747 shares of the manufacturing equipment provider’s stock after selling 8,017 shares during the quarter. Applied Materials makes up 1.1% of BTC Capital Management Inc.’s portfolio, making the stock its 21st biggest position. BTC Capital Management Inc.’s holdings in Applied Materials were worth $6,344,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Summit Financial Wealth Advisors LLC lifted its position in shares of Applied Materials by 0.3% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 6,269 shares of the manufacturing equipment provider’s stock worth $259,000 after buying an additional 19 shares during the last quarter. Adirondack Trust Co. lifted its position in Applied Materials by 1.1% in the 2nd quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock valued at $151,000 after purchasing an additional 40 shares during the last quarter. Affinity Wealth Management lifted its position in Applied Materials by 0.8% in the 2nd quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock valued at $264,000 after purchasing an additional 48 shares during the last quarter. Wunderlich Capital Managemnt lifted its position in Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after purchasing an additional 87 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. lifted its position in Applied Materials by 0.5% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 20,921 shares of the manufacturing equipment provider’s stock valued at $864,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 79.35% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up $0.88 during mid-day trading on Monday, hitting $56.36. 7,373,000 shares of the company’s stock were exchanged, compared to its average volume of 9,757,683. Applied Materials, Inc. has a one year low of $28.24 and a one year high of $57.34. The company has a market cap of $60,760.00, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.91 and a quick ratio of 2.25.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. Applied Materials’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. sell-side analysts anticipate that Applied Materials, Inc. will post 3.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio is currently 14.18%.

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In other news, VP Thomas F. Larkins sold 30,000 shares of Applied Materials 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,002,210.86. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Several analysts recently weighed in on AMAT shares. B. Riley reiterated a “buy” rating and issued a $56.00 price objective on shares of Applied Materials in a research report on Sunday, July 16th. Vetr upgraded shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price objective on the stock in a research report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and issued a $50.00 price objective on shares of Applied Materials in a research report on Friday, July 28th. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of 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 currently has an average rating of “Buy” and a consensus target price of $56.64.

Applied Materials Profile

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

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