Gabelli Funds LLC purchased a new stake in Applied Materials, Inc. (NASDAQ:AMAT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 86,000 shares of the manufacturing equipment provider’s stock, valued at approximately $4,480,000.
Several other institutional investors also recently modified their holdings of the stock. Two Sigma Securities LLC bought a new position in Applied Materials in the first quarter valued at approximately $465,000. Level Four Advisory Services LLC acquired a new stake in shares of Applied Materials during the first quarter worth $233,000. Sii Investments Inc. WI acquired a new stake in shares of Applied Materials during the first quarter worth $294,000. Kingdon Capital Management L.L.C. acquired a new stake in shares of Applied Materials during the first quarter worth $20,169,000. Finally, Investment Centers of America Inc. acquired a new stake in shares of Applied Materials during the first quarter worth $230,000. 79.35% of the stock is owned by institutional investors and hedge funds.
Applied Materials, Inc. (NASDAQ AMAT) opened at $56.36 on Monday. Applied Materials, Inc. has a 12 month low of $28.24 and a 12 month high of $57.34. The firm has a market cap of $60,110.00, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a quick ratio of 2.25, a current ratio of 2.91 and a debt-to-equity ratio of 0.61.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, August 17th. The manufacturing equipment provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Applied Materials had a net margin of 22.08% and a return on equity of 40.74%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. equities research analysts anticipate that Applied Materials, Inc. will post 3.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, November 24th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Applied Materials’s dividend payout ratio is currently 14.18%.
WARNING: “Gabelli Funds LLC Purchases New Holdings in Applied Materials, Inc. (AMAT)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/11/13/gabelli-funds-llc-purchases-new-holdings-in-applied-materials-inc-amat.html.
In other news, VP Thomas F. Larkins sold 30,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.24, for a total value of $1,537,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Several equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $61.00 price target on shares of Applied Materials in a research note on Saturday, August 19th. Instinet reiterated a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Applied Materials in a research note on Saturday, September 30th. Craig Hallum reiterated a “buy” rating and issued a $76.00 price target (up from $60.00) on shares of Applied Materials in a research note on Thursday, September 28th. Stifel Nicolaus reiterated a “buy” rating on shares of Applied Materials in a research note on Sunday, October 1st. Finally, Vetr upgraded shares of Applied Materials from a “buy” rating to a “strong-buy” rating and set a $48.16 price objective on the stock in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Applied Materials currently has a consensus rating of “Buy” and an average target price of $56.64.
Applied Materials Profile
Receive News & Ratings for Applied Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.