Applied Materials, Inc. (NASDAQ:AMAT) Director Xun Chen Sells 377 Shares of Stock

Applied Materials, Inc. (NASDAQ:AMATGet Rating) Director Xun Chen sold 377 shares of the firm’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $107.80, for a total value of $40,640.60. Following the completion of the transaction, the director now directly owns 39,868 shares of the company’s stock, valued at $4,297,770.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Xun Chen also recently made the following trade(s):

  • On Saturday, January 14th, Xun Chen purchased 56 shares of Applied Materials stock. The stock was bought at an average cost of $161.44 per share, with a total value of $9,040.64.

Applied Materials Stock Down 1.0 %

AMAT opened at $112.99 on Wednesday. The company has a market cap of $95.38 billion, a P/E ratio of 15.19, a P/E/G ratio of 2.37 and a beta of 1.56. The business’s 50-day moving average price is $105.04 and its 200-day moving average price is $97.77. The company has a current ratio of 2.16, a quick ratio of 1.35 and a debt-to-equity ratio of 0.45. Applied Materials, Inc. has a 12 month low of $71.12 and a 12 month high of $145.16.

Applied Materials (NASDAQ:AMATGet Rating) last released its quarterly earnings data on Thursday, November 17th. The manufacturing equipment provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.72 by $0.31. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.44 billion. Applied Materials had a return on equity of 56.62% and a net margin of 25.31%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, equities analysts expect that Applied Materials, Inc. will post 6.74 EPS for the current year.

Applied Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, February 23rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. Applied Materials’s payout ratio is presently 13.98%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMAT. Bank of America dropped their price objective on Applied Materials from $125.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, October 7th. The Goldman Sachs Group lifted their price objective on Applied Materials to $105.00 in a research note on Monday, November 21st. Evercore ISI lifted their price objective on Applied Materials from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, November 18th. Loop Capital began coverage on Applied Materials in a research note on Tuesday, December 6th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Applied Materials from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Applied Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.64.

Institutional Trading of Applied Materials

Several large investors have recently modified their holdings of AMAT. Disciplined Investments LLC grew its stake in shares of Applied Materials by 53.2% in the third quarter. Disciplined Investments LLC now owns 337 shares of the manufacturing equipment provider’s stock worth $28,000 after purchasing an additional 117 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its position in Applied Materials by 55.0% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the manufacturing equipment provider’s stock valued at $30,000 after acquiring an additional 132 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Applied Materials by 113.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 341 shares of the manufacturing equipment provider’s stock valued at $31,000 after acquiring an additional 181 shares in the last quarter. Emfo LLC bought a new stake in Applied Materials during the 3rd quarter valued at approximately $32,000. Finally, Crewe Advisors LLC bought a new stake in Applied Materials during the 2nd quarter valued at approximately $34,000. 75.22% of the stock is owned by institutional investors.

About Applied Materials

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Applied Materials, Inc provides manufacturing equipment, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation.

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