Traders sold shares of Applied Materials, Inc. (NASDAQ:AMAT) on strength during trading hours on Monday following insider selling activity. $32.50 million flowed into the stock on the tick-up and $51.98 million flowed out of the stock on the tick-down, for a money net flow of $19.48 million out of the stock. Of all equities tracked, Applied Materials had the 0th highest net out-flow for the day. Applied Materials traded up $0.32 for the day and closed at $43.63Specifically, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on AMAT shares. Craig Hallum upped their target price on shares of Applied Materials to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Stifel Nicolaus upped their target price on shares of Applied Materials from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Sunday, May 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Applied Materials in a research report on Friday, May 19th. UBS AG reaffirmed a “buy” rating and issued a $51.00 target price (up from $44.00) on shares of Applied Materials in a research report on Wednesday, May 17th. Finally, Instinet reaffirmed a “buy” rating and issued a $47.00 target price (up from $40.00) on shares of Applied Materials in a research report on Sunday, May 21st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Applied Materials presently has an average rating of “Buy” and a consensus price target of $51.44.

The company has a market capitalization of $46.95 billion, a P/E ratio of 15.65 and a beta of 1.82. The stock has a 50 day moving average price of $44.65 and a 200 day moving average price of $41.62.

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, beating the Zacks’ 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 firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Analysts anticipate that Applied Materials, Inc. will post $3.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, August 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

Large investors have recently bought and sold shares of the stock. MCF Advisors LLC boosted its position in shares of Applied Materials by 0.3% in the first quarter. MCF Advisors LLC now owns 3,663 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 10 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Applied Materials by 0.3% in the second 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 in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Applied Materials by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 4,170 shares of the manufacturing equipment provider’s stock worth $162,000 after buying an additional 29 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of Applied Materials by 1.1% in the second quarter. Adirondack Trust Co. now owns 3,650 shares of the manufacturing equipment provider’s stock worth $151,000 after buying an additional 40 shares in the last quarter. Finally, Affinity Wealth Management boosted its position in shares of Applied Materials by 0.8% in the second quarter. Affinity Wealth Management now owns 6,387 shares of the manufacturing equipment provider’s stock worth $264,000 after buying an additional 48 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

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Applied Materials Company Profile

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