Applied Materials, Inc. (AMAT) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. decreased its stake in Applied Materials, Inc. (NASDAQ:AMAT) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,957 shares of the manufacturing equipment provider’s stock after selling 18,009 shares during the period. Applied Materials accounts for 1.3% of Howe & Rusling Inc.’s investment portfolio, making the stock its 22nd largest holding. Howe & Rusling Inc.’s holdings in Applied Materials were worth $6,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Applied Materials by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after buying an additional 1,721,964 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Applied Materials by 2,063.7% in the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock valued at $2,606,676,000 after buying an additional 63,912,660 shares in the last quarter. State Street Corp boosted its holdings in shares of Applied Materials by 2.1% in the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock valued at $2,019,939,000 after buying an additional 985,296 shares in the last quarter. FMR LLC boosted its holdings in shares of Applied Materials by 16.8% in the 1st quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock valued at $1,245,311,000 after buying an additional 4,604,275 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after buying an additional 2,284,836 shares in the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.37% during trading on Friday, reaching $56.09. 10,572,889 shares of the company’s stock traded hands. Applied Materials, Inc. has a 12 month low of $28.02 and a 12 month high of $56.24. The stock has a market capitalization of $59.82 billion, a P/E ratio of 19.94 and a beta of 1.86. The company has a 50-day moving average of $49.39 and a 200 day moving average of $44.80.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business earned $0.50 earnings per share. Applied Materials’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts expect that Applied Materials, Inc. will post $3.21 earnings per share for the current fiscal year.

The firm 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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Applied Materials, Inc. (AMAT) Shares Sold by Howe & Rusling Inc.” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/applied-materials-inc-amat-shares-sold-by-howe-rusling-inc.html.

Several brokerages have recently issued reports on AMAT. Deutsche Bank AG restated a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a report on Thursday, October 12th. Citigroup Inc. reiterated a “buy” rating and set a $58.00 price target on shares of Applied Materi

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Applied Materials by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 75,084,373 shares of the manufacturing equipment provider’s stock valued at $3,101,736,000 after buying an additional 1,721,964 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Applied Materials by 2,063.7% in the 1st quarter. BlackRock Inc. now owns 67,009,706 shares of the manufacturing equipment provider’s stock valued at $2,606,676,000 after buying an additional 63,912,660 shares in the last quarter. State Street Corp boosted its holdings in shares of Applied Materials by 2.1% in the 2nd quarter. State Street Corp now owns 48,897,158 shares of the manufacturing equipment provider’s stock valued at $2,019,939,000 after buying an additional 985,296 shares in the last quarter. FMR LLC boosted its holdings in shares of Applied Materials by 16.8% in the 1st quarter. FMR LLC now owns 32,013,147 shares of the manufacturing equipment provider’s stock valued at $1,245,311,000 after buying an additional 4,604,275 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Applied Materials by 14.8% in the 2nd quarter. Capital Research Global Investors now owns 17,724,836 shares of the manufacturing equipment provider’s stock valued at $732,213,000 after buying an additional 2,284,836 shares in the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded up 1.37% during trading on Friday, reaching $56.09. 10,572,889 shares of the company’s stock traded hands. Applied Materials, Inc. has a 12 month low of $28.02 and a 12 month high of $56.24. The stock has a market capitalization of $59.82 billion, a P/E ratio of 19.94 and a beta of 1.86. The company has a 50-day moving average of $49.39 and a 200 day moving average of $44.80.

Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings results on Thursday, August 17th. The manufacturing equipment provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business earned $0.50 earnings per share. Applied Materials’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts expect that Applied Materials, Inc. will post $3.21 earnings per share for the current fiscal year.

The firm 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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. Applied Materials’s dividend payout ratio (DPR) is presently 14.18%.

In other Applied Materials news, VP Thomas F. Larkins sold 30,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alexander Karsner sold 22,762 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $44.03, for a total value of $1,002,210.86. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Applied Materials, Inc. (AMAT) Shares Sold by Howe & Rusling Inc.” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/applied-materials-inc-amat-shares-sold-by-howe-rusling-inc.html.

Several brokerages have recently issued reports on AMAT. Deutsche Bank AG restated a “buy” rating and issued a $58.00 target price on shares of Applied Materials in a report on Thursday, October 12th. Citigroup Inc. reiterated a “buy” rating and set a $58.00 price target on shares of Applied Materials in a research note on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. B. Riley reiterated a “buy” rating and set a $63.00 price target on shares of Applied Materials in a research note on Saturday, September 30th. Finally, Instinet reiterated a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.64.

Applied Materials Company Profile

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

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