Applied Materials, Inc. (NASDAQ:AMAT) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMATGet Rating) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,689,592 shares of the manufacturing equipment provider’s stock after selling 16,088 shares during the quarter. Capital Research Global Investors owned 0.53% of Applied Materials worth $618,088,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Krilogy Financial LLC boosted its holdings in shares of Applied Materials by 146.8% in the 1st quarter. Krilogy Financial LLC now owns 4,981 shares of the manufacturing equipment provider’s stock valued at $656,000 after buying an additional 2,963 shares during the period. Morningstar Investment Services LLC grew its stake in Applied Materials by 25.4% during the 1st quarter. Morningstar Investment Services LLC now owns 2,314 shares of the manufacturing equipment provider’s stock worth $321,000 after buying an additional 468 shares during the last quarter. First Affirmative Financial Network increased its position in Applied Materials by 5.0% in the first quarter. First Affirmative Financial Network now owns 4,141 shares of the manufacturing equipment provider’s stock worth $546,000 after buying an additional 197 shares during the period. Waldron Private Wealth LLC boosted its holdings in shares of Applied Materials by 154.5% during the first quarter. Waldron Private Wealth LLC now owns 5,406 shares of the manufacturing equipment provider’s stock valued at $712,000 after acquiring an additional 3,282 shares during the period. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of Applied Materials in the 1st quarter worth about $390,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Applied Materials Stock Performance

NASDAQ AMAT opened at $90.64 on Thursday. The firm has a 50-day moving average of $99.36 and a 200-day moving average of $109.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 2.26. The stock has a market cap of $77.98 billion, a PE ratio of 12.12, a P/E/G ratio of 1.70 and a beta of 1.53. Applied Materials, Inc. has a 52-week low of $82.67 and a 52-week high of $167.06.

Applied Materials (NASDAQ:AMATGet Rating) last posted its earnings results on Thursday, August 18th. The manufacturing equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.15. Applied Materials had a net margin of 26.42% and a return on equity of 56.68%. The company had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the company posted $1.90 EPS. Applied Materials’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 7.68 EPS for the current year.

Applied Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, November 23rd. Applied Materials’s dividend payout ratio is 13.90%.

Insider Buying and Selling

In related news, SVP Teri A. Little sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $86.30, for a total transaction of $1,294,500.00. Following the transaction, the senior vice president now directly owns 93,169 shares of the company’s stock, valued at $8,040,484.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMAT has been the topic of a number of recent analyst reports. Craig Hallum cut their price target on Applied Materials from $145.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, August 19th. Wells Fargo & Company boosted their target price on Applied Materials from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Barclays decreased their price target on Applied Materials from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, July 25th. Sanford C. Bernstein upped their price objective on Applied Materials to $140.00 in a report on Monday, August 22nd. Finally, Stifel Nicolaus lowered their target price on Applied Materials from $197.00 to $184.00 in a report on Friday, August 19th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.38.

Applied Materials Company Profile

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

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