Anson Funds Management LP trimmed its position in Applied Materials, Inc. (NASDAQ:AMAT) by 33.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,700 shares of the manufacturing equipment provider’s stock after selling 13,700 shares during the quarter. Applied Materials accounts for 1.0% of Anson Funds Management LP’s holdings, making the stock its 18th largest position. Anson Funds Management LP’s holdings in Applied Materials were worth $1,416,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AMAT. Gabelli Funds LLC raised its position in shares of Applied Materials by 1.2% during the 4th quarter. Gabelli Funds LLC now owns 87,000 shares of the manufacturing equipment provider’s stock valued at $4,447,000 after buying an additional 1,000 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Applied Materials by 27.7% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 4,799 shares of the manufacturing equipment provider’s stock valued at $245,000 after buying an additional 1,041 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO raised its position in shares of Applied Materials by 1.8% during the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 59,482 shares of the manufacturing equipment provider’s stock valued at $3,098,000 after buying an additional 1,062 shares in the last quarter. Telemus Capital LLC raised its position in shares of Applied Materials by 9.4% during the 4th quarter. Telemus Capital LLC now owns 13,300 shares of the manufacturing equipment provider’s stock valued at $680,000 after buying an additional 1,138 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Applied Materials by 23.3% during the 4th quarter. Signaturefd LLC now owns 6,083 shares of the manufacturing equipment provider’s stock valued at $311,000 after buying an additional 1,148 shares in the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.
In other Applied Materials news, VP Ali Salehpour sold 125,125 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $51.47, for a total value of $6,440,183.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Iannotti sold 15,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $61.47, for a total transaction of $922,050.00. Following the completion of the transaction, the director now owns 76,967 shares in the company, valued at approximately $4,731,161.49. The disclosure for this sale can be found here. Insiders sold 322,716 shares of company stock worth $16,850,796 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.
Several research firms have recently weighed in on AMAT. KeyCorp raised their price objective on shares of Applied Materials from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Vetr cut shares of Applied Materials from a “buy” rating to a “hold” rating and set a $61.08 price objective on the stock. in a research report on Tuesday, November 21st. Nomura restated a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Applied Materials in a research report on Tuesday, November 21st. Citigroup raised their price objective on shares of Applied Materials from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Twenty-six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $64.10.
Applied Materials, Inc. (AMAT) opened at $59.69 on Wednesday. Applied Materials, Inc. has a 52-week low of $37.41 and a 52-week high of $62.40. The stock has a market cap of $62,720.00, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.96 and a quick ratio of 2.25.
Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Wednesday, February 14th. The manufacturing equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.08. Applied Materials had a net margin of 18.53% and a return on equity of 45.17%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. equities research analysts expect that Applied Materials, Inc. will post 4.39 EPS for the current fiscal year.
Applied Materials declared that its board has initiated a share repurchase plan on Wednesday, February 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the manufacturing equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 24th will be given a $0.20 dividend. This is a boost from Applied Materials’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. Applied Materials’s payout ratio is presently 11.14%.
Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company’s segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation; Applied Global Services, which provides integrated solutions to optimize equipment and fab performance and productivity; Display and Adjacent Markets, which includes products for manufacturing liquid crystal displays, organic light-emitting diodes, upgrades and roll-to-roll Web coating systems and other display technologies for televisions, personal computers, smart phones and other consumer-oriented devices, and Corporate and Other segment, which includes revenues from products, as well as costs of products sold for fabricating solar photovoltaic cells and modules, and certain operating expenses.
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