Commonwealth Equity Services Inc Purchases 13,908 Shares of Applied Materials, Inc. (AMAT)

Commonwealth Equity Services Inc raised its position in Applied Materials, Inc. (NASDAQ:AMAT) by 8.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 176,109 shares of the manufacturing equipment provider’s stock after buying an additional 13,908 shares during the period. Commonwealth Equity Services Inc’s holdings in Applied Materials were worth $9,173,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Applied Materials in the 3rd quarter worth $105,000. MPS Loria Financial Planners LLC bought a new position in shares of Applied Materials in the 2nd quarter worth $109,000. Wunderlich Capital Managemnt boosted its position in shares of Applied Materials by 2.9% in the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock worth $125,000 after purchasing an additional 87 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Applied Materials by 145.4% in the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock worth $126,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Applied Materials in the 2nd quarter worth $134,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Applied Materials, Inc. (NASDAQ:AMAT) traded down $1.35 during trading hours on Friday, hitting $56.49. The company had a trading volume of 27,143,170 shares, compared to its average volume of 9,864,950. The company has a current ratio of 2.91, a quick ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $61,690.00, a P/E ratio of 18.93, a P/E/G ratio of 0.90 and a beta of 1.85. Applied Materials, Inc. has a twelve month low of $29.85 and a twelve month high of $60.89.

Applied Materials (NASDAQ:AMAT) last released its earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.93 billion. Applied Materials had a return on equity of 40.74% and a net margin of 22.08%. Applied Materials’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. research analysts anticipate that Applied Materials, Inc. will post 3.22 EPS for the current year.

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

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

Several research firms have recently issued reports on AMAT. J P Morgan Chase & Co raised their price target on Applied Materials to $70.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank AG raised their price target on Applied Materials from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC raised their price target on Applied Materials to $66.00 and gave the stock a “positive” rating in a research report on Friday. Credit Suisse Group raised their price target on Applied Materials from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their price target on Applied Materials from $55.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.35.

Applied Materials Company Profile

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

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