Unigestion Holding SA lessened its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 44.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,710 shares of the manufacturing equipment provider’s stock after selling 11,608 shares during the period. Unigestion Holding SA’s holdings in Applied Materials were worth $734,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Daiwa Securities Group Inc. raised its position in Applied Materials by 20.7% during the third quarter. Daiwa Securities Group Inc. now owns 58,912 shares of the manufacturing equipment provider’s stock valued at $2,939,000 after acquiring an additional 10,122 shares in the last quarter. Keybank National Association OH raised its position in Applied Materials by 2.5% during the third quarter. Keybank National Association OH now owns 174,707 shares of the manufacturing equipment provider’s stock valued at $8,718,000 after acquiring an additional 4,201 shares in the last quarter. British Airways Pensions Investment Management Ltd raised its position in Applied Materials by 4.8% during the third quarter. British Airways Pensions Investment Management Ltd now owns 261,122 shares of the manufacturing equipment provider’s stock valued at $13,030,000 after acquiring an additional 11,881 shares in the last quarter. Bartlett & Co. LLC raised its position in Applied Materials by 112.5% during the third quarter. Bartlett & Co. LLC now owns 1,700 shares of the manufacturing equipment provider’s stock valued at $85,000 after acquiring an additional 900 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Applied Materials by 26.3% during the third quarter. Parallel Advisors LLC now owns 4,876 shares of the manufacturing equipment provider’s stock valued at $243,000 after acquiring an additional 1,016 shares in the last quarter. 79.06% of the stock is currently owned by hedge funds and other institutional investors.
AMAT has been the topic of several recent research reports. B. Riley set a $54.00 price objective on shares of Applied Materials and gave the company a “buy” rating in a research report on Friday, August 16th. BidaskClub raised shares of Applied Materials from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 4th. Stifel Nicolaus set a $57.00 price objective on shares of Applied Materials and gave the company a “buy” rating in a research report on Monday, August 26th. Craig Hallum raised shares of Applied Materials from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $58.00 in a research report on Thursday, October 24th. Finally, ValuEngine downgraded Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.23.
In other Applied Materials news, SVP Steve G. Ghanayem sold 25,727 shares of Applied Materials stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $52.12, for a total transaction of $1,340,891.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis D. Powell sold 25,218 shares of Applied Materials stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $51.44, for a total value of $1,297,213.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,945 shares of company stock valued at $2,776,105. Company insiders own 0.44% of the company’s stock.
AMAT stock traded up $0.09 during midday trading on Friday, hitting $56.03. 3,313,800 shares of the company traded hands, compared to its average volume of 9,191,457. The stock has a market capitalization of $51.62 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 3.40 and a beta of 1.66. Applied Materials, Inc. has a twelve month low of $28.79 and a twelve month high of $57.29. The business has a 50 day simple moving average of $52.53 and a 200-day simple moving average of $46.93. The company has a quick ratio of 1.72, a current ratio of 2.65 and a debt-to-equity ratio of 0.65.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 15th. The manufacturing equipment provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Applied Materials had a return on equity of 39.37% and a net margin of 19.40%. The business’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Equities research analysts forecast that Applied Materials, Inc. will post 3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. Applied Materials’s payout ratio is presently 18.88%.
Applied Materials Profile
Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
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