Applied Materials, Inc. (NASDAQ:AMAT) Director Dennis D. Powell sold 25,218 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $51.44, for a total transaction of $1,297,213.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Applied Materials stock traded up $0.56 during trading hours on Monday, reaching $50.66. The stock had a trading volume of 5,978,066 shares, compared to its average volume of 9,850,662. The firm has a 50 day simple moving average of $48.06 and a two-hundred day simple moving average of $43.42. The firm has a market capitalization of $46.80 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 3.36 and a beta of 1.66. The company has a current ratio of 2.65, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. Applied Materials, Inc. has a 1 year low of $28.79 and a 1 year high of $52.42.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS. Sell-side analysts forecast that Applied Materials, Inc. will post 3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. Applied Materials’s dividend payout ratio (DPR) is 18.88%.

Several analysts have commented on the stock. UBS Group lifted their target price on shares of Applied Materials from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Citigroup increased their price target on Applied Materials from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Morgan Stanley raised their price objective on Applied Materials from $40.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Applied Materials in a research report on Wednesday, August 14th. Finally, ValuEngine downgraded Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.00.

A number of hedge funds have recently made changes to their positions in the business. Princeton Global Asset Management LLC acquired a new position in shares of Applied Materials during the 1st quarter valued at $27,000. Cable Hill Partners LLC boosted its position in shares of Applied Materials by 378.4% in the first quarter. Cable Hill Partners LLC now owns 799 shares of the manufacturing equipment provider’s stock worth $32,000 after buying an additional 632 shares during the period. Front Row Advisors LLC grew its stake in shares of Applied Materials by 283.6% in the first quarter. Front Row Advisors LLC now owns 821 shares of the manufacturing equipment provider’s stock valued at $33,000 after buying an additional 607 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Applied Materials by 57.4% in the second quarter. Sandy Spring Bank now owns 787 shares of the manufacturing equipment provider’s stock valued at $35,000 after buying an additional 287 shares in the last quarter. Finally, Next Capital Management LLC purchased a new stake in shares of Applied Materials during the 2nd quarter valued at about $35,000. 79.88% of the stock is currently owned by hedge funds and other institutional investors.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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