Carroll Financial Associates Inc. Sells 28,832 Shares of Applied Materials, Inc. (AMAT)
Carroll Financial Associates Inc. trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 39.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,122 shares of the manufacturing equipment provider’s stock after selling 28,832 shares during the period. Carroll Financial Associates Inc.’s holdings in Applied Materials were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in Applied Materials by 390.4% in the 2nd 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. Egerton Capital UK LLP grew 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 valued at $881,359,000 after buying an additional 3,184,994 shares during the last quarter. Capital Research Global Investors grew its position in Applied Materials by 14.8% in the 2nd 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. Parametric Portfolio Associates LLC grew its position in Applied Materials by 108.7% in the 2nd 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. Finally, First Eagle Investment Management LLC purchased a new position in Applied Materials in the 3rd quarter valued at $97,804,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on AMAT. B. Riley lifted their price objective on shares of Applied Materials from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Instinet reiterated a “buy” rating and issued a $55.00 price objective (up from $50.00) on shares of Applied Materials in a research report on Saturday, September 30th. UBS Group upgraded shares of Applied Materials from a “neutral” rating to a “positive” rating in a research report on Tuesday. Craig Hallum reiterated a “buy” rating and issued a $76.00 price objective (up from $60.00) on shares of Applied Materials in a research report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research report on Sunday, October 1st. One research analyst has rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Applied Materials currently has a consensus rating of “Buy” and a consensus price target of $62.76.
Shares of Applied Materials, Inc. (AMAT) traded up $0.15 during midday trading on Thursday, hitting $57.49. 9,636,032 shares of the company’s stock traded hands, compared to its average volume of 12,174,309. The stock has a market cap of $60,740.00, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.07 and a beta of 1.81. Applied Materials, Inc. has a 52 week low of $33.53 and a 52 week high of $60.89. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57.
Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. equities research analysts forecast that Applied Materials, Inc. will post 4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio (DPR) is presently 12.62%.
In other news, VP Omkaram Nalamasu sold 53,466 shares of Applied Materials stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,833,698.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 312,716 shares of company stock valued at $16,218,746 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.
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About Applied Materials
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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