Knights of Columbus Asset Advisors LLC Trims Stake in Applied Materials, Inc. (AMAT)
Knights of Columbus Asset Advisors LLC trimmed its holdings in Applied Materials, Inc. (NASDAQ:AMAT) by 27.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,900 shares of the manufacturing equipment provider’s stock after selling 8,950 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Applied Materials were worth $1,245,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC acquired a new position in Applied Materials during the third quarter worth about $105,000. MPS Loria Financial Planners LLC acquired a new position in Applied Materials during the second quarter worth about $109,000. First Personal Financial Services grew its position in Applied Materials by 281.5% during the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock worth $134,000 after buying an additional 1,900 shares during the period. Mosaic Family Wealth LLC grew its position in Applied Materials by 56.1% during the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock worth $142,000 after buying an additional 984 shares during the period. Finally, Wunderlich Capital Managemnt grew its position in Applied Materials by 2.9% during the second quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after buying an additional 87 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.
In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.24, for a total transaction of $1,537,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.
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Several research analysts have weighed in on AMAT shares. Cowen Inc restated a “buy” rating and set a $50.00 target price on shares of Applied Materials in a research report on Friday, July 28th. Vetr raised shares of Applied Materials from a “hold” rating to a “buy” rating and set a $48.70 price target on the stock in a report on Monday, July 31st. BidaskClub downgraded shares of Applied Materials from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $56.00 price target on shares of Applied Materials in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $60.83.
Applied Materials, Inc. (NASDAQ:AMAT) opened at $57.68 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.43 and a current ratio of 3.14. The stock has a market cap of $61,514.97, a P/E ratio of 17.75, a P/E/G ratio of 1.11 and a beta of 1.85. Applied Materials, Inc. has a one year low of $29.85 and a one year high of $60.89.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a net margin of 23.62% and a return on equity of 41.51%. Applied Materials’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. research analysts forecast that Applied Materials, Inc. will post 3.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio is currently 12.62%.
About Applied Materials
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