Savant Capital LLC acquired a new stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,570 shares of the manufacturing equipment provider’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. DSAM Partners London Ltd acquired a new stake in shares of Applied Materials during the third quarter valued at $20,466,000. Artemis Investment Management LLP boosted its stake in shares of Applied Materials by 72.3% during the third quarter. Artemis Investment Management LLP now owns 1,968,510 shares of the manufacturing equipment provider’s stock valued at $102,550,000 after acquiring an additional 826,170 shares during the last quarter. Boston Financial Mangement LLC acquired a new stake in shares of Applied Materials during the third quarter valued at $234,000. Deltec Asset Management LLC acquired a new stake in shares of Applied Materials during the third quarter valued at $1,250,000. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in shares of Applied Materials during the third quarter valued at $19,661,000. 79.51% of the stock is currently owned by institutional investors and hedge funds.

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Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, November 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. Applied Materials’s dividend payout ratio (DPR) is currently 14.18%.

In other news, Director Alexander Karsner sold 22,762 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $44.03, for a total transaction of $1,002,210.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.24, for a total transaction of $1,537,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

A number of analysts recently commented on AMAT shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price objective on shares of Applied Materials in a research note on Thursday, July 6th. B. Riley reaffirmed a “buy” rating and set a $56.00 price objective on shares of Applied Materials in a research note on Tuesday, July 11th. DA Davidson reissued a “buy” rating and issued a $55.00 price target on shares of Applied Materials in a research note on Monday, July 10th. Vetr lowered Applied Materials from a “strong-buy” rating to a “buy” rating and set a $48.70 price target on the stock. in a research note on Monday, August 7th. Finally, BidaskClub lowered Applied Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Applied Materials has a consensus rating of “Buy” and a consensus price target of $56.64.

Applied Materials Profile

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

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