Central Asset Investments & Management Holdings HK Ltd purchased a new position in Applied Materials, Inc. (NASDAQ:AMAT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,300 shares of the manufacturing equipment provider’s stock, valued at approximately $2,204,000. Applied Materials makes up about 1.6% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mathes Company Inc. purchased a new position in Applied Materials in the 3rd quarter worth approximately $1,613,000. Commonwealth Bank of Australia raised its holdings in shares of Applied Materials by 2.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 87,942 shares of the manufacturing equipment provider’s stock worth $3,632,000 after acquiring an additional 2,279 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $2,082,000. Bridgewater Associates LP purchased a new stake in shares of Applied Materials during the 2nd quarter worth approximately $8,834,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Applied Materials during the 3rd quarter worth approximately $267,000. 79.15% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on AMAT. B. Riley reaffirmed a “buy” rating and set a $61.00 price objective on shares of Applied Materials in a report on Saturday, August 19th. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 price objective on the stock in a report on Monday, November 20th. J P Morgan Chase & Co upped their price objective on Applied Materials to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Deutsche Bank upped their price objective on Applied Materials from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research raised Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, November 28th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.15.

Applied Materials, Inc. (NASDAQ:AMAT) opened at $50.76 on Thursday. The firm has a market capitalization of $54,130.00, a P/E ratio of 15.88, a PEG ratio of 0.98 and a beta of 1.80. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a 12-month low of $31.66 and a 12-month high of $60.89.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. analysts forecast that Applied Materials, Inc. will post 3.96 earnings per share for the current year.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen R. Forrest sold 5,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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Applied Materials Profile

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

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