Janus Henderson Group PLC increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,097,037 shares of the manufacturing equipment provider’s stock after acquiring an additional 650,755 shares during the period. Janus Henderson Group PLC owned approximately 1.13% of Applied Materials worth $630,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of AMAT. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Applied Materials during the 3rd quarter valued at about $105,000. MPS Loria Financial Planners LLC purchased a new position in shares of Applied Materials during the 2nd quarter valued at about $109,000. Wunderlich Capital Managemnt raised its stake in shares of Applied Materials by 2.9% during the 2nd quarter. Wunderlich Capital Managemnt now owns 3,037 shares of the manufacturing equipment provider’s stock valued at $125,000 after buying an additional 87 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Applied Materials by 145.4% during the 2nd quarter. Bessemer Group Inc. now owns 3,067 shares of the manufacturing equipment provider’s stock valued at $126,000 after buying an additional 1,817 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Applied Materials during the 2nd quarter valued at about $134,000. Institutional investors own 78.58% of the company’s stock.
A number of equities analysts have weighed in on the company. Vetr lowered Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 price objective for the company. in a research note on Tuesday, November 21st. Nomura reiterated a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Applied Materials in a research note on Tuesday, November 21st. Royal Bank Of Canada lifted their price objective on Applied Materials from $55.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Credit Suisse Group lifted their price objective on Applied Materials from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Finally, Needham & Company LLC lifted their price target on Applied Materials to $66.00 and gave the company a “positive” rating in a research note on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $61.15.
In other news, Director Stephen R. Forrest sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Insiders own 0.31% of the company’s stock.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) opened at $52.30 on Friday. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.57. Applied Materials, Inc. has a twelve month low of $31.66 and a twelve month high of $60.89. The stock has a market capitalization of $55,890.00, a PE ratio of 15.41, a P/E/G ratio of 0.95 and a beta of 1.80.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings data on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.02. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the firm posted $0.66 EPS. Applied Materials’s revenue was up 20.4% compared to the same quarter last year. equities research analysts anticipate that Applied Materials, Inc. will post 3.96 earnings per share for the current year.
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About Applied Materials
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